Central banks/Economics

Oil price hits Asian currencies

Surging oil prices have put pressure on Asian currencies, but the impact has been magnified by other factors influencing the region, analysts told RiskNews’ sister publication, FX Week .

Snow hails CME's China deal

The Chicago Mercantile Exchange (CME) has forged a ground- breaking deal with a central bank-sponsored foreign exchange trading platform in China, in a move hailed by US government officials as a crucial step towards renminbi flexibility, reports…

Rethinking Kyoto

A long-awaited debate on the Kyoto Treaty has begun in Europe. Just how muchwill it cost industry and the EU economy? Long-term Energy Risk contributor MariaKielmas gives her views on the latest developments

In pursuit of the eurobarrel

The markets say they do not want oil prices in euros. But denominating internationalcrude prices in euros is a political ambition the European Union seems determinedto pursue – starting with Russia. MariaKielmas reports