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Photo © REUTERS
Pegging or no pegging: tenge in new monetary policy

Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.

Pegging or no pegging: tenge in new monetary policy
©REUTERS
Devaluation vs revaluation of Tenge: Kazakhstan keeps fingers crossed

Kazakhstan awaits 'a new decision' about the tenge exchange rate, fears a new devaluation and keeps its fingers crossed.

Devaluation vs revaluation of Tenge: Kazakhstan keeps fingers crossed
Walk this way, says China's heavy metal shoe maker
Walk this way, says China's heavy metal shoe maker

A Chinese factory worker says walking in huge iron shoes weighing more than 200 kilograms each can cure back pain, but faces hefty competition in his bid to build the country's heaviest footwear.

Walk this way, says China's heavy metal shoe maker
The online transaction value on Alipay, an online payment system of China's leading e-commerce retailers Taobao.com and Tmall.com. ©Reuters
China Singles Day online shoppers spend almost $6 bn

Chinese shoppers spent a record 35.0 billion yuan ($5.7 billion) at the country's biggest online marketplaces on Singles Day, their operator said Tuesday, after the festival created by e-tailers to persuade the loveless to console themselves with retail therapy.

China Singles Day online shoppers spend almost $6 bn
China seeks world role for 'people's money'
China seeks world role for 'people's money'

With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.

China seeks world role for 'people's money'

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