China. Fashion design and retail company Polo Ralph .. chaina fashion style2010.

China for the first time allowed domestic trading of the yuan against the Malaysian ringgit Thursday and said it would broaden the range of currencies permitted to trade onshore, as it steadily moves to turn the yuan into a major currency and boost its use in cross-border trade.



Beijing has been promoting the use of yuan to settle commercial trade transactions and expanding the scope of yuan business in Hong Kong in recent years to internationalize the Chinese currency. Earlier this week, it launched a trial program that allows overseas investors to put yuan held offshore into China's interbank bond market.



China's move to open up yuan/ringgit trading in the onshore interbank foreign exchange market came after Malaysia's central bank Wednesday removed some of the limitations on trading of ringgit by foreigners, imposed in the aftermath of the 1997 Asian financial crisis. The ringgit soared to a near 13-year high against the dollar Thursday, propelled by the news.


In a statement Wednesday, the China Foreign Exchange Trading Center, the central bank's domestic currency trading platform, said it would kick off yuan/ringgit trading Thursday to boost bilateral trade and facilitate the use of yuan for cross-border trade settlements.



"There are few deals today and to be honest, I don't think there will be huge demand for it since the ringgit is a restricted currency too," the trader said.

While the small size of the yuan/ringgit market makes Beijing's efforts more symbolic in nature at this stage, it marks a step forward for the authorities in broadening the use of the Chinese currency.




"It will be very positive for cross-border flows, as it will facilitate trade" between China and Malaysia, said Wai Ho Leong, an economist at Barclays Capital.

As part of China's push to internationalize the yuan by increasing its circulation overseas, China and Malaysia signed a currency-swap agreement in February 2009, which when fully set up will increase the availability of yuan in Malaysia and ringgit in China.

"You can treat today's move as a step toward yuan internationalization and I heard more Asian currencies are their way here too," said the European bank trader, referring to the possibility of Beijing allowing more regional currencies to be traded onshore.




CFETS said China will consider allowing more currencies to trade against the yuan onshore, depending on future developments in bilateral trade, financial cooperation and the convertibility of currencies.

It also said it may consider launching trade of yuan/ringgit forwards and foreign exchange swaps in the future depending on market demand.

Indian fashion house for women is Indian dresses range from indea'n top dress,

That's on public turf. Now, over to screen. Hailed as the project that would introduce the concept of injecting high-end brands like,



Christian Dior, Chanel and Salvatore Ferragamo into a Hindi film frame, last week's release Aisha was as much a let down for fashion-hungry as the electric blue jumpsuit Sonam wore at Twinkle Khanna's home decor line launch last April.


"In reality, no one is committed to a particular brand. You can't live your life around one brand, like Aisha does. The character lacked individual style; the brands defined her rather than other way around," says a fashion stylist who caught the movie last week, and didn't wish to be named.



Nevermind the brazen positioning of merchandise (special mention to a white river rafting expedition scene where luxury handbags costing nothing less than a couple of thousands are shown hanging on Aisha's bedpost), the film failed to live up to being India's answer to Sex & the City. What it ends up being is a profitable showcase for a fistful of international designer brands. Period.

Adoration for glossy, heady fashion is a legacy passed down from mother Sunita, we hear. It's lovingly nourished by Rhea, Sonam's younger sister and Aisha's producer.

This online shopping fan steps out to cast her vote and wins accolades on blogs for her blushing red Wayfarer worn with an animal print scarf that hides a tired blow-dry.


She preens on the cover of leading fashion magazines and deals with wardrobe malfunctions with a jab of safety pins. "Sonam has an enviable closet, and follows fashion to the point of being obsessed with it," says Anaita Shroff Adajania, stylist for Love Aaj Kal and Dhoom.