China has passed another milestone in its efforts to promote the global use of its currency, with the Australian metals giant Fortescue agreeing to borrow a record 14.2 billion yuan (US$1.98 billion) in a syndicated loan agreement arranged by one of China’s biggest state-owned banks.The deal is the first ever offshore yuan syndicated loan to an Australian company and the largest ever to a non-Chinese firm, lead arranger Bank of China said in a statement on Tuesday.Fortescue – the world’s...