A Rio-based Chinese bank will be connected to China’s cross-border interbank payment System (CIPS), an alternative to SWIFT, to support trade settlements between China and Brazil in renminbi. Banco BOCOM BBM, a subsidiary of the Bank of Communications, China’s fifth largest bank, will be linked to CIPS to reduce the costs of commercial transactions with […]
Tag: Iron ore
Posted inBeijing, China, World
China’s trade juggernaut slows in April
Posted inUncategorized
Beijing’s New Silk Road made from iron and oil
Posted inChina, World
Time to sell iron ore?
Posted inAustralia, Oceania
