Bitcoin's price lost 14 percent over the weekend as BTC China confirmed that transactions have been affected by a clampdown from the Chinese government.
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China is to further internationalize its currency by allowing Singapore-based investors to buy renminbi-denominated securities. The FT reports.
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Japan wants the Group of 20 finance leaders to discuss what more the group can do to help stabilize Europe's debt crisis, Finance Minister Jun Azumi said on Tuesday, reiterating his call for further European efforts to restore market confidence.
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Japan will take decisive action against any speculative moves in the currency market, Finance Minister Yoshihiko Noda said on Monday, signalling Tokyo's readiness to intervene to stem further yen rises in the wake of its spike to a record high against the dollar last week.*
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The Swiss franc edged higher versus the euro on Thursday, and may test a record high in days ahead after the Swiss National Bank's latest steps to curb franc strength fell short of expectations, and as worries over the euro zone's debt crisis fester.****
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Germany is showing more commitment to the resolution of the euro zone debt crisis, and is likely to expect even greater influence on the fiscal discipline of its neighbors in return, analysts told CNBC.
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