Skip to content
Menu
70 Plus Life at the Top
Older. Wiser. Still in the Game.
  • Twitter
  • Facebook
  • Home
  • About Us
    • Our Mission
  • At Large
  • The Arts
  • Politics & Government
  • Marketplace
  • Agelessness
  • Opinion
    • Advertorial
  • Best of 70+
  • Contact Us
Close Menu
November 30, 2015

Michael Bloomberg to chair group to establish yuan clearing in U.S.

yuan-clearing-house

Former New York City Mayor Michael Bloomberg will chair a group that will push to establish a clearing hub for China’s renminbi currency in the United States, the group said on Monday.

The move comes as the International Monetary Fund plans to announce that the renminbi, or yuan, will be added to its reserve currency basket, an acknowledgment of the nation’s importance as a world economy. Its weight in the index is unclear.

In August of this year, the yuan ranked fourth in terms of world payments, with about 2.8 percent of transactions, an area where the dollar and euro are most dominant. Sterling ranks third, according to global transaction services company SWIFT. Reuters

A Pirelli calendar with NO nude models? Rupert Murdoch condemns liberals for giving America an ‘identity crisis’

Related Posts

Mobious

Agelessness, At Large, Marketplace

Mark Mobius Quits Retirement to Set Up New Firm

Gmail

Marketplace, News, Technology

Gmail set for ‘entire rewrite’ in biggest overhaul for five years

Robots

Marketplace, News, Opinion, Tools

OK, robots have passed the Ikea test. Now let them clean our toilets

Search Our Site

Inside 70+

  • Mark Mobius Quits Retirement to Set Up New Firm
    Turns out Mark Mobius isn’t one for retirement.  Less than four months after leaving Franklin Templeton […]
  • Doctor: Trump Dictated Letter Attesting To His ‘Extraordinary’ Health
    In December 2015, Donald Trump’s personal physician released a letter describing his patient’s […]
  • Telemedicine is getting trendy, but doctors may not be keeping up
    For years, doctors have been told to look at the patient — not the computer — when providing medical care. […]
  • Philippines Orders Deportation Of Australian Activist Nun
    Philippine President Rodrigo Duterte has ordered the expulsion of a 71-year-old Australian nun, giving her 30 […]
  • James Cameron Says Superhero Movies Are Played Out, Compares Avatar Sequels to The Godfather
    James Cameron, hard at work on his series of sequels to 2009’s sci-fi blockbuster Avatar, says the era of […]
  • How Robert De Niro Helped Bradley Cooper Cope with the Death of His Father
    Robert De Niro has been an anchor for Bradley Cooper in more ways than one. At the Tribeca Film Festival […]
  • More older Americans are smoking marijuana
    U.S. marijuana consumption is more prevalent today than during the conservative 1980s. Surges in drug use are […]
  • The British women who secretly served in the Cold War
    For more than 20 years, the green plains of Holderness, East Yorkshire, were the secret location of […]
  • Gmail set for ‘entire rewrite’ in biggest overhaul for five years
    Google is implementing the biggest overhaul of its popular Gmail webmail service in five years, bringing a […]
  • Queen Elizabeth II Celebrates 92
    Queen Elizabeth II marked her 92nd birthday on Saturday. The celebrations kicked off at Buckingham Palace […]
  • OK, robots have passed the Ikea test. Now let them clean our toilets
    Listen, I’ve probably been a bit hard on this whole robot uprising thing. The idea of losing my job to […]
  • ‘You were the reason’: Barbara and George Bush’s love story remembered at her funeral
    Some 1,500 guests filled the pews of St. Martin’s Episcopal Church in Houston on Saturday, including former […]

Archives

Back To Top
70 Plus Life at the Top
Our Sponsor
  • Front Page
  • Subjects of Interest
  • From the Editor’s Desk
  • Advertorial
  • About Us . . . and You
© 70 Plus Life at the Top 2021
Web development by Global Exposures