Argentina’s use of Chinese yuan is soaring as dollars run short, and a top US manufacturer may join the trend

News Snapshot:

A 100 yuan banknote (R) is placed next to $100 banknotes in this picture illustration taken in Beijing Nov. 1, 2010. Reuters/Petar Kujundzic Argentine companies are increasingly turning to China's yuan amid dollar shortages, Bloomberg reports. US giant Whirlpool is also considering use of the yuan to buy parts for a factory in Argentina. "We've had to stop the factory at some points and that's not good for business, productivity nor quality." US dollars are a growing rarity in Argentina, pushing many in the country to seek out the Chinese yuan instead. The South American county's central bank dollar reserves...