A Bank of Japan member has called for an early tweak to the key yield curve control setting as the country’s currency continues to come under pressure

Cancelled Prigozhin weekend mutiny set to have an impact on US dollar, yen, commodities and bonds when markets reopen

Japanese households are being hit hard by rising import costs though the yen's depreciation has boosted exporters' profits and seen stocks soar

The Nikkei 225 in Japan was up by 0.56% on Wednesday, but the Hang Seng Index in Hong Kong slumped by nearly 2%; stocks also fell in Shanghai, Sydney, Bangkok and other markets

Yuan drops to 7.1747, with analysts saying markets expected bigger support and were hoping for a larger lending rate cut

The move is China's latest effort to enable the internationalisation of the yuan and protect its economy from capital outflows and geopolitical risks

Prior to sanctions imposed by the West, which cut Moscow off from international financial systems, Russia made the dividend payments in dollars

China Labour Bulletin recorded over 140 strikes at factories across the country in the first five months of this year, the highest since 2016

The speed of the yuan's slide has caught many off-guard. JP Morgan recently downgraded its year-end yuan forecast, from 6.85 per dollar to 7.25 per dollar.

The deal, for 100,000 tonnes of crude from Moscow, was completed in the Chinese currency and not the US dollar which dominates international oil trade

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted

BRICS foreign ministers have asserted their bloc's ambition to rival Western powers and build up their influence in a multi-polar world