‘Single biggest change in capital markets, maybe of all time’: China launches oil futures that could topple dollar

NEW YORK — China’s launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management. This is the single biggest change in capital markets, maybe of all time -- More....