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Foreign Exchange Trade System

Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs.

China raises yuan rate to 16-month high as dollar sags

China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session Friday, pushing the unit to its highest level in 16 months.

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World Cup: Saudi Arabia escapes plane crash

Saudi Arabia landed safely in Rostov-on-Don after experiencing a technical failure in one of their plane’s engines mid-flight.

Donald Trump threatens to impose more tariffs on Chinese goods

President Donald Trump has threatened that the U.S. would impose tariffs on an additional $200 billion of Chinese goods in a revenge trade row.

President Buhari rules out meeting with nPDP members

President Muhammadu Buhari has declared that he will never sit down for discussion with the aggrieved members of the defunct new Peoples Democratic Party that joined forces to form the ruling All Progressives Congress.

UN: Over 500,000 people killed annually by small arms

More than 500,000 people are killed annually by revolvers, pistols, assault rifles, machine guns and other similar weapons, a new UN report, ‘Small Arms Survey’, has found.

Iceland: How we will approach game against Nigeria

Heimir Hallgrimsson has given an insight on how his team Iceland intend to prosecute the game against Nigeria on Friday ‎in their second game after the 1-1 draw against Argentina on Saturday.