‘PetroYuan’ Futures Launch With A Bang, Volume Dominates Brent As Big Traders Step In
As we detailed previously, China’s yuan-denominated crude oil futures launched overnight in Shanghai with 62,500 contracts traded in aggregate, meaning over 62 million barrels of oil changed hands for a notional volume around 27 billion yuan (over $4 billion).
Kim Jong Un makes surprise visit to China
North Korean leader Kim Jong Un has made a surprise visit to China in what is believed to be his first international foray since taking power in 2011, according to a report.
Details about the despot’s trip — including how long he would stay and whom he would meet — were not immediately available, according to three sources who spoke to Bloomberg News.
The people asked not to be identified because of the sensitivity of the information.
A special train may have carried Kim through the northeastern Chinese border city of Dandong, Japan’s Kyodo News reported earlier.
Nippon TV showed images of a train arriving Monday in Beijing that looked similar to one used by Kim’s father, Kim Jong Il, to visit the Chinese capital a short time before his death in 2011.
Heavy security was reported at the Friendship Bridge before the train passed from North Korea to China.