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- Lawrence Lewitinn•25 days ago
In China, October first is a holiday marking the anniversary of the Communist takeover of the country. Its currency, the renminbi (RMB), will join the US dollar, the Japanese yen, the British pound, and the euro as a reserve currency for the IMF. “It’s happening before the RMB actually becomes a major reserve currency,” said Eswad Presad, professor at Cornell and former head of the IMF’s China division.
- Yahoo Finance•6 months ago
OPEC is set to debate its production levels on June 3, while the Federal Reserve will determine its next move on interest rate on June 15. But it’s Britain’s referendum on EU membership that could be the most important of all.