Latest Updates Around The World
China’s central bank has stepped in to tame the yuan’s rapid rise, announcing it will eliminate currency reserve requirements for certain futures contracts, a move seen as boosting dollar buying and cooling the currency’s recent rise.The decision follows a sharp rally in the yuan, which rose to a nearly three-year high against the U.S. dollar […]
Mary Daly, president of the San Francisco Federal Reserve, said the U.S. central bank still needs to ensure inflation remains sustainably lower. She noted that while advances in artificial intelligence can help alleviate price pressures by increasing productivity, maintaining a modestly restrictive policy stance remains important, according to Reuters.Speaking at an event at San Jose […]
The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to disclosures on Tuesday. The appointments have been made for a period of three years. At Union Bank of India, Amresh Prasad, who was Chief General Manager at Punjab National Bank, has been […]
Topline The Federal Reserve voted Wednesday to cut interest rates for a second straight month, but the broader market reacted negatively after Fed Chairman Jerome Powell suggested an additional cut may not happen later this year. Some policymakers have expressed caution about cutting rates further, while President Donald Trump and his recently appointed nominee have […]
When I wrote this column “outdated risk, renewed opportunities: an argument for acquisition financing” on 30 May, I was not sure whether the Reserve Bank of India (RBI) pay attention. Shortly thereafter our friend Raghu Mohan, an experienced journalist, also wrote a detailed piece on the same subject in company standard. It appears that the […]
Mumbai: There is now only one day left for the deadline to expire on what one of the most consistent regulatory interventions in the company history of India could be the position of the Indian Central Bank that Tata Sons, the holding company of the largest and most legendary business group of India, would have […]
June 5, 2025 (MLN): The short -term inflation of Pakistan increased by 0.02% compared to the last week, while it fell by 0.02% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported Friday. During the week, of 51 items, the prices of 18 (35.29%) items rose, 06 (11.77%) items broken […]
June 5, 2025 (MLN): The convergence of rising energy prices and falling costs of distributed energy sources (Ders), such as Fotovoltaic (PV) systems on the roof and battery energy storage systems (BESS), has encouraged consumers to adopt decentralized energy solutions. By one report By the Institute for Energy Economics and Financial Analysis (ieefa) entitled ‘battery […]
02 June 2025 (MLN): The Cabinet’s Economic Coordination Committee (ECC) has considered and approved various technical additional subsidies (TSGs), including RS5.6 billion for the Ministry of Finance as a rupid for the ADB -Final Women Inclusive (WIF) project. The approval was granted during an ECC meeting that was held today, chaired by the Federal Minister […]
