Trade transactions settled in the yuan may rise to $3 trillion a year by 2015 as China pushes for the wider use of its currency as an alternative to the dollar in business and finance, according to China Construction Bank Corp .
A “liquidity seizure” arising from Europe’s worsening debt crisis could drag the global economy back into recession, according to Paul Schulte , head of multi- asset strategy in Asia excluding Japan at Nomura Holdings Ltd.
Paul Tudor Jones , founder of $11.5 billion hedge-fund firm Tudor Investment Corp., said a revaluation of China’s yuan would do more to cut U.S. unemployment than asset purchases by the Federal Reserve.
CCB International Securities Ltd., the brokerage arm of China’s second-largest bank, plans to expand its research team by as much as 40 percent to meet rising demand for analysis of Chinese stocks and economy.
As the debtor economies of the developed world sputter, the health of China grows ever-more central to the fate of the global economy. Yet, the debate on China’s prospects remains polarized and often superficial, with commentary either baselessly bullish or derisively bearish.
Infinio Group Ltd. said it will buy Ephraim Resources Ltd. for S$381.8 million ($302.6 million) by issuing new shares. The transaction will give Ephraim’s shareholders 93.1 percent of Infinio, making the deal a reverse takeover.