Money & Banking Indian rupee ends nearly flat MUMBAI: The Indian rupee closed nearly flat on Tuesday as a fall in local equities and dollar bids from state-run... Published 14 May, 2025 05:56am
Money & Banking Asian currencies gain in first reaction to Sino-US trade deal BENGALURU: Southeast Asian equity markets gained on Tuesday, while regional currencies benefited from a faltering US... Published 14 May, 2025 05:56am
Money & Banking Dollar eases after CPI data NEW YORK: The dollar retreated on Tuesday, pulling back from sharp gains in the prior session after a reading on... Published 14 May, 2025 05:56am
Money & Banking Uganda central bank holds lending rate for third time in a row KAMPALA: Uganda’s central bank maintained its key lending rate at 9.75% for the third monetary policy meeting in a... Published 13 May, 2025 04:54pm
Money & Banking China’s yuan strengthens SHANGHAI: The yuan strengthened on Monday despite dollar’s rebound, reflecting market optimism after the US and... Published 13 May, 2025 06:15am
Money & Banking Sterling falls against dollar LONDON: The pound slumped against a stronger dollar on Monday but firmed against the euro and yen as the United... Published 13 May, 2025 06:15am
Money & Banking Dollar jumps after US, China reach trade deal NEW YORK: The dollar surged on Monday as the United States and China reached a deal to temporarily cut reciprocal... Published 13 May, 2025 06:15am
Money & Banking JPMorgan lifts China growth forecasts after ‘surprisingly positive’ US deal LONDON: Investment bank JPMorgan lifted its forecasts for China’s economic growth on Monday following what it called... Published 12 May, 2025 06:51pm
Money & Banking BoE’s Greene says price pressures still too high, inflation expectations rising LONDON: Bank of England monetary policymaker Megan Greene said on Monday that wage and inflation measures were... Published 12 May, 2025 05:50pm
Money & Banking Turkish central bank gross reserves rose $6bn, reversing weeks of drops ANKARA: Turkiye’s central bank returned to being a buyer of foreign currency last week, lifting its gross reserves... Published 12 May, 2025 05:29pm
Money & Banking Awaiting US cash, EBRD gives funders till end of the year to pay up LONDON: The European Bank of Reconstruction and Development has extended the deadline for its shareholders to... Published 13 May, 2025 06:15am
Money & Banking China’s yuan slips against dollar SHANGHAI: China’s yuan slipped against the dollar on Friday, as investors cautiously looked towards key tariff... Published 12 May, 2025 05:51am
Money & Banking Sterling claws higher after US/UK trade deal LONDON: The pound rose on Friday, following the announcement of a “breakthrough” trade deal between Britain and... Published 12 May, 2025 05:51am
Money & Banking Canadian dollar falls against the greenback TORONTO: The Canadian dollar weakened to a three-week low against its US counterpart on Friday as signs that trade... Published 12 May, 2025 05:51am
Money & Banking China’s central bank to spur financing support for consumption, trade BEIJING: China’s central bank said on Friday it will spur financial institutions to expand support for consumption... Published 09 May, 2025 05:34pm
Currency India’s forex reserves drop $2 billion, snap 8-week streak of gains MUMBAI: India’s foreign exchange reserves declined by $2.07 billion, to $686.06 billion as of May 2, snapping an... Published 09 May, 2025 04:58pm
Money & Banking State Bank of India to sell $1 billion stake in Yes Bank to Japan’s SMBC MUMBAI: State Bank of India will divest a 13.19% stake in private lender Yes Bank to Japan’s Sumitomo Mitsui Banking... Published 09 May, 2025 04:51pm
Money & Banking After currency turmoil, Taiwan’s central bank warns banks to follow forex rules TAIPEI: Taiwan’s central bank said on Friday that banks should follow foreign exchange settlement rules, after the... Published 09 May, 2025 04:40pm
Money & Banking Pakistan’s remittances hit $3.2bn in April, fall 22% MoM Saudi Arabia remains Pakistan's top source of remittance inflows Updated 09 May, 2025 10:51pm
Money & Banking Dollar buoyed by US-UK trade deal NEW YORK: The US dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by... Published 09 May, 2025 06:02am
Money & Banking Asian currencies: Ringgit holds losses BENGALURU: The Malaysian ringgit held on to losses on Thursday after the country’s central bank kept interest ... Published 09 May, 2025 06:02am
Money & Banking ICMAP proposes four-pillar crypto adoption framework and CBDC launch plan KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP), through its Research and Publications... Published 09 May, 2025 06:02am
Forex SBP-held foreign exchange reserves increase $118mn to $10.33bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $118 million on a weekly basis,... Published 08 May, 2025 07:43pm
Money & Banking BoE cuts rates to 4.25% as it sees tariff hit to growth LONDON: The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an... Published 08 May, 2025 05:38pm
Money & Banking Dollar higher against yen, euro NEW YORK: The US dollar edged higher against the yen and the euro on Wednesday as traders awaited the outcome of the... Published 08 May, 2025 06:21am
Money & Banking Asian currencies rally on US-China trade hopes BENGALURU: Asian shares rose and regional currencies rebounded on Wednesday, lifted by hopes that an upcoming... Published 08 May, 2025 06:21am
Money & Banking Dollar trades lower, euro gains NEW YORK: The US dollar traded lower against major currencies including the yen on Tuesday amid market jitters over... Published 07 May, 2025 06:06am
Money & Banking Most Asian currencies weaker BENGALURU: Most Asian currencies weakened on Tuesday with Taiwan’s dollar retreating from three-year highs after... Published 07 May, 2025 06:06am
Money & Banking Indian rupee’s rally to stall by end of July, weaker times ahead BENGALURU: The Indian rupee will give up nearly all of its year-to-date gains against the dollar by the end of July... Published 06 May, 2025 11:01pm
Money & Banking UBS agrees private credit tie-up with General Atlantic LONDON: Swiss lender UBS Group and U.S. investment firm General Atlantic have agreed to make a joint push into the... Published 06 May, 2025 06:27pm