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06.04.26 - 18:48
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Leftist Economist Mello Gets Planning Job, Not Central Bank Post (Bloomberg)
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Brazil's new Planning Minister Bruno Moretti will name leftist economist Guilherme Mello as his deputy, removing him from contention for a seat on the central bank's board and advancing a shakeup of the federal government's economic team ahead of elections, according to a person familiar with the matter....
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06.04.26 - 17:06
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China′s yuan may be going global faster than Western data suggests, analysts say (SCMP)
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Mainstream metrics may understate the role of China's currency in global payments, as a growing share of transactions is now routed through Beijing's own cross-border payment system and not fully reflected in conventional data sets, analysts say.
This could help explain the gap between Beijing's official narrative – which describes the yuan as the world's third-largest payment currency – and readings from tracking systems such as the Society for Worldwide Interbank Financial Telecommunication......
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