The London Metal Exchange is looking at offering traders the chance to settle its contracts in renminbi, a move that could lead to its dropping sterling after 135 years.
[noncount] 1: silver that is 92 percent pure —called also sterling silver
2: British money
▪ a drop in the value of sterling — see also pound sterling
(v) settle up the bill; close an account
When the LME was established in 1877, Britain was a manufacturing powerhouse and the LME’s benchmark contracts for delivery in three months were designed to mirror the time needed for shipments of copper from Chile and tin from Malaya to reach British ports.
pow·er·house /ˈpawɚˌhaʊs/ noun
[count] 1: a group of people or an organization that has a lot of power
▪ The country is an economic powerhouse.▪ Their company became a powerhouse in the video game industry.
bench·mark /ˈbɛntʃˌmɑɚk/ noun
[count] : something that can be used as a way to judge the quality or level of other, similar things
▪ a stock whose performance is a benchmark against which other stocks can be measured
complete a business transaction
But now China is the dominant force in the market, accounting for more than 40 per cent of demand for most metals and a rapidly increasing share of trading in LME futures.
1fu·ture /ˈfju:tʃɚ/ noun
4 futures [plural] finance: goods or shares that are bought at prices which are agreed to now but that are delivered at a later time
▪ He made a fortune trading in oil futures.
剛剛過去的這個周末，兩部新上映的影片將《饑餓遊戲》(The Hunger Games)從票房神壇上趕了下來，結束了這部反烏托邦影片連續四周占據票房冠軍寶座的經曆。
Two new releases knocked 'The Hunger Games' off its pedestal at the box office this past weekend, ending the dystopian drama's four-week reign at No. 1.
ped·es·tal /ˈpɛdəstl̟/ noun
[count] 1: the base of a column or other tall object
▪ the pedestal of a vase/lamp/statue
2— used to describe the position of someone who is admired, successful, etc. ▪ Her boyfriend put/placed her on a pedestal. [=thought of her as a perfect person with no faults]▪ He wanted a career as an actor, but he didn't want to be put on a pedestal. [=to be treated like a big star]▪ They're trying to knock the champions off their pedestal. [=to defeat the champions]
dys·to·pia /dɪsˈtoʊpijə/ noun
[count] : an imaginary place where people are unhappy and usually afraid because they are not treated fairly — compare utopia
— dys·to·pi·an /dɪsˈtoʊpijiən/adjective
▪ a dystopian society
1reign /ˈreɪn/ noun
[count] 1: the period of time during which a king, queen, emperor, etc., is ruler of a country
▪ She was a popular ruler throughout her reign.▪ the reign of Queen Elizabeth
2: the period of time during which someone is in charge of a group or organization
▪ his reign as department chairperson▪ her reign as team president
3: the period of time during which someone or something is the best or the most important, powerful, etc.
▪ his reign as heavyweight boxing champion▪ the reign of digital technology
One theory behind the appeal, now that we know it's not the icebergs, is that Chinese are drawn to the reverse-Cinderella tale--the story of a poor man falling in love with a rich girl, and of love trumping all else.
Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis.