Osborne Wins Yuan Deal Giving Boost To London Over Frankfurt

You know about it, but dont think about it. The sleuth in you will want to solve those unsolved crimes when enlightened. Rags Daniels, an English author of thrillers, notes In the early hours of the 31st August 1888 a man is walking to work down a dark lane in Whitechapel, he sees a shapeless bundle lying on the ground near some gates; curious he goes over to investigate. His gruesome discovery of a murdered East End prostitute then started one of the most famous man hunts in the world. Thats the hunt for who was Jack the Ripper, going from one unsolved murder after another. Its not the only reason to visit vibrant London. However, when you go, recommended by Londoners is that you take one of the many walking tours. For visiting Ripperologist and Beatles followers, setup your tour before departing . Well youre in the East End of London stop at one of the pubs and have fish and chips . Another delightful experience is to cruise on the Thames and have dinner . You know how to get to London. While youre there, its recommended by London taxi owner Danny Kemp, mystery author, to rent a taxi for the day and get a tour guide included. Lastly, check out monthly events prior to traveling: .

It was also the 12th most-used for global payments in August, according to an estimate this month by Belgium-based financial services firm Society for Worldwide Interbank Financial Telecommunications. Talks will begin to enable Chinese banks to establish wholesale branches in the U.K. for the first time, allowing them to scale-up their business activities, Osborne said. China agreed to support the development of London as an offshore center for yuan debt issuance, he added. European Hub Its another step in securing Londons position as a European hub for yuan trading, Mark Williams, chief Asia economist at Capital Economics Ltd., said by phone from London. London already had a big head start in that competition because its already the global currency trading hub. The yuan has strengthened 36 percent against the dollar and 47 percent versus the pound since a peg to the U.S. currency was scrapped in July 2005, according to data compiled by Bloomberg. It has advanced 2.1 percent this year versus the greenback, making it the sole gainer among Asias 11 most-used currencies, and touched 6.1007 per dollar today in Shanghai , the strongest since the government unified official and market exchange rates at the end of 1993. The Peoples Bank of China announces several daily reference rates for the yuan and the allowed trading range is 1 percent on either side of the fixing against the dollar. For the British pound, the yen and the Hong Kong dollar, the limit is 3 percent and its 5 percent against the Malaysian ringgit and the Russian ruble. The yuan was fixed at 9.8063 per pound today. Opening Markets China is opening up its domestic capital markets under the RQFII and Qualified Foreign Institutional Investor programs as it promotes usage of its currency worldwide. RQFII enables offshore yuan to be invested in China, while QFII quotas allow dollars to be used for investments in the local currency. The nations 25.4 trillion yuan onshore bond market offers greater choice, better liquidity and higher yields than are available in Hong Kong, where there is 253 billion yuan of Dim Sum debt outstanding , according to Bank of China data.

London writer Ben Pedroche chooses his five secret London spots

Bromley-by-Bow Gasworks

Its not as famous as a certain other disused power station not too far away at Battersea, but it casts an imposing shadow over one of the most affluent areas of London. Close by can also be found the remaining Victorian gasholder frames at the former Imperial Gasworks, Fulham. Millennium Mills, North Woolwich Road The intense redevelopment of the Docklands is most visible in a place like Silvertown. Crossrail will soon run through it, the Emirates Air Line goes over it, and its been transformed by the success of the ExCel centre, the Docklands Light Railway and London City Airport. But slap bang in the middle you can also find the abandoned Millennium Mills building; a massive former flour mill closed in the early 90s. Its currently an awkward white elephant for developers, and its future is unclear. It has popped up in TV show Luther and many films, and was given the Shepard Fairey treatment in 2012, just before the Olympics. Next door is the failed London Pleasure Gardens, itself also now well-and-truly abandoned. Heygate Estate, Walworth Road The grimy aesthetics created by urban decay provoke fascination in many of us. We enjoy looking at photos of street art, dereliction and the darker side of street life, but its not usually the type of environment wed ever want to actually live in. The Heygate Estate in Walworth pretty much sums this up. An immense, sprawling former council estate, its been one of Londons most infamous derelict sites for years, even before the last of its residents were forced out. Equal parts loved and hated, its been used as a backdrop for several films and music videos, and is currently in the early stages of major redevelopment. Its best viewed from the platforms of Elephant and Castle mainline railway station. Bromley-by-Bow Gasworks, Twelvetrees Crescent No urban landscape is complete without the inclusion of a rusting old gasholder frame.