An in-depth look at the Chinese Yuan (CNY)
In this week’s article, we’ll take look at the history, the production and the economy that sits behind the Chinese Yuan, a currency we deal with a lot here at Cornerstone. epSos.de, CC BY 2.0, via Wikimedia Commons A bit of history… China is an ancient country and as such has had multiple currencies over […]
Yen currencies around the world
The Yen, Yuan and Won all share the same roots which were colloquial words for ‘Round’ that referenced the round silver dollar coins of the Spanish Empire. Historically, Spain had dominated this part of the world and their currency had over time become commonly used in vast parts of eastern Asia. The first formal Yen […]
Who actually sets interest rates around the world?
Given the ongoing economic crises in various countries around the world, attention at the moment is rightly more focused on interest rate decisions than in normal times. The process for raising or lowering interest rates varies from country to country. For some, it’s a pretty simple decision made by the Finance Minister, for others, it […]
Who are the BRICS?
Way back in November 2001, Goldman Sachs published a report looking at economic development in major growing economies around the world. It was titled ‘Building Better Global Economic BRICs’ and was written by the then Head of Global Economics Research (and now a member of the House of Lords) Jim O’Neill. The paper emphasised the […]
What happened with the International Ease of Doing Business Index?
A report used around the world When companies are looking to expand abroad, there are a number of factors that go into choosing a new market. Is the demand there for the product? Does the market have a sufficiently trained workforce? Will it be cost-effective to produce/deliver locally? One of the biggest questions is often […]
2021’s best and worst performing currencies
(It’s been another great year for Renminbi) Doing well: Chinese Yuan It has been a really strong year for the Renminbi. Starting off the year at over 9 CNY to 1 GBP, the Chinese Yuan (CNY) has outperformed the pound. Over the course of the year, we have seen rates as low as 8.1. As […]
Cornerstone establishes Asia team
New team appointed to leverage increasing foreign investment from Asia in UK and to grow direct business Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that it has appointed a new team to market the Group’s services to businesses located in Asia, […]
