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The Swiss national bank (SNB) bucked the trend by issuing a new 1,000 franc note in early march, just as other countries were scrapping large denomination notes. The SNB insists that large-denomination banknotes meet the needs and habits of local people who use cash, and that they are designed to prevent counterfeiting and other illegal activities. The 1,000 yuan note, which has a purple bottom, has been in circulation since March 13. FRITZ ZURBRUEGG, a deputy governor of the central bank, said it was the central bank’s responsibility to set the denomination of the currency and that large-denomination notes were indeed in line with demand. “The use of cash has become so popular in Switzerland that it has become a cultural phenomenon,” says Mr Zulbrug. “the $1,000 note is not only a means of payment but also a store of value.” According to the Swiss national bank, there are 47 million one-thousand-yuan notes in circulation in the country, accounting for about 10.5 percen...

As us trade talks with China draw to a close, the us has turned its trade focus to Europe, proposing tariffs on $11bn of eu imports in response to longstanding eu subsidies for aircraft maker Airbus. The European Union hit back, saying the us figure was “overblown” and was prepared to retaliate, raising transatlantic trade tensions again. The United States trade representative (USTR) on Thursday proposed tariffs on $11 billion worth of European Union imports, including commercial aircraft, cheese and other agricultural products, as well as ski suits and some motorcycles, to counter damage caused by eu subsidies for air travel. The threat of tariffs will not be implemented until the WTO allows them this summer, USTR said. It was a rare show of U.S. government trust in President Donald trump’s broadside against the WTO. The WTO found in May last year that airbus’s a380s and a350s received illegal subsidies that hurt Boeing’s sales. The eu said the figures cited by the us ...

The International Monetary Fund today revised down its forecast for U.S. economic growth this year to 2.3 percent. But the international monetary fund says the United States will still outpace other advanced countries as the global economy slows. In its quarterly World Economic Outlook, the imf said growth in the World’s largest economy, the United States, would be revised down to 2.3 percent this year from an estimate of 2.5 percent in January, but remained relatively strong. The report also warned of risks to the us economy from excessive debt and trade tensions. Via: Radio Taiwan International -News Contact Us ADDRESS▼ 200 Jalan Sultan #02-33, Textile Centre Singapore 199018 PHONE ▼ 6291 6868 EMAIL ▼ enquiry@emvertex.com FAX ▼ (65) 6293 9018 WORKING HOURS ▼ Monday –  Saturday :  11am – 7pm Request immediately:  EMVertex Credit

As we all know, Canada’s two largest cities – Toronto and vancouver are the most expensive cities in Canada.How do these two cities compare to other large north American cities? According to Zoocasa according to house prices in December last year, at 3.75% of the 20% down payment, 30-year mortgage and fixed mortgage rates, and different parts of the real median household income and purchase ordinary housing the income difference, 35 major cities in North America to buy a house for force, the results are as follows: 35 cities in 18 cities median income family wanted to buy a median price of a house, is money. Toronto ranked 11th on the list of the least affordable cities Toronto came in 11th, tied with Miami, as the least affordable city.Among them, households with a median income of 65,829 yuan ($49,495) in Toronto are $25,431 ($19,121) short of the average home with a median mortgage.A Miami family with a median income of $33,999 is $27,733 short of the median home price...

According to recent data released by the international monetary fund (IMF), the proportion of RMB assets held by central Banks in foreign exchange reserves rose to 1.89% in the fourth quarter of 2018, surpassing Australian and Canadian dollars and the highest level since the IMF reported RMB reserve assets in October 2016. According to the latest quarterly data on the composition of official foreign exchange reserve currencies released by the IMF, as of the fourth quarter of last year, RMB foreign exchange reserve assets were about 202.79 billion us dollars, accounting for 1.89% of the global official foreign exchange reserve assets, higher than 1.62% of the Australian dollar and 1.84% of the Canadian dollar. The figures also show that global official foreign exchange reserve assets stood at about $10.73tn as of the fourth quarter of last year. The proportion of us dollar assets fell to 61.69 per cent, the third consecutive quarter of decline. Its share of assets rose to ...

Metropolises that have seen property prices tumble as a result of the global economic slowdown are attracting attention.If the downward trend continues, it could reduce the willingness of homeowners to spend.Then there is the fear of financial chaos. The median price of a Manhattan apartment in central New York fell 5.8% to $999,000 in the fourth quarter from a year earlier, the first time it has fallen below the $1 million mark since the third quarter of 2015 (July to September), according to bloomberg. The us federal reserve raised interest rates until the end of last year to prevent the us economy from overheating, making it difficult to take advantage of mortgage debt and affecting falling prices.China’s property investment boom, both at home and abroad, has also been driven lower by the country’s slowing economy. Depressed property prices are seen in London, vancouver, Sydney, Singapore and Hong Kong. Beijing’s new home price index also fell in February from a mont...