Saturday, March 18, 2023

Tag Archives: Asia hub

Sydney can be Asian financial hub

Mining billionaire Andrew Forrest says Australia will be left behind if efforts aren’t made to make Sydney a strategic trading centre for Chinese currency. Australia and China formalised a deal this week to allow direct conversion between Australian dollars and Chinese yuan, also called renminbi. The deal makes the Australian dollar only the third currency globally, after the US dollar …

Read More »