Despite the spectacular economic development China has engineered, the use of the renminbi (RMB) has not grown at the same pace as the country’s industries. Many U.S. businesses that source from China continue to pay their suppliers in U.S. dollars. Doing so is convenient, and it eliminates foreign exchange (FX) risk in those transactions. It also costs more, and it puts these companies at a disadvantage compared with businesses that are willing to transact in RMB.
A split Commonwealth Court panel held that municipal code and zoning enforcement officers are considered management-level employees and are therefore…
“Seed-to-sale” compliance technology is enabling state regulators and commercial marijuana retailers to keep a tight rein on cannabis products. But the rapidly evolving tech is far from perfect.
Move shows China's confidence in the currency's recent gains, analysts say.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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