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CHINA CURRENCY
Global Market: Yuan hits 4-year high as traders bet on further gainsChina’s yuan strengthened to four-year highs against the dollar, supported by strong exports, exporter dollar conversions and expectations ...- Yen slumps after BOJ hikes rates as expectedThe yen declined against major currencies after the Bank of Japan raised interest rates. Japan's core inflation remained steady near the ce...
- Yen weak ahead of BOJ decision; rate hike expectedThe yen dipped against both the dollar and euro as investors speculated about a potential interest rate hike by the Bank of Japan. Recent i...
- US drone company backed by Trump's sons signs deal with Pakistan Army, meets Gen Munir in RawalpindiA US drone firm linked to Donald Trump's sons has signed a deal with Pakistan's military. This agreement involves selling unmanned systems ...
- Behind the Modi-Xi border thaw, India's dependence on Chinese imports, especially rare earths, keeps deepeningIndia faces a significant trade deficit with China, importing substantially more goods than it exports. Chinese firms offer superior price ...
- Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
- Rupee slips below 96 per dollar level in early tradeIn a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen in over two months. This decline is...
- Dollar rises after Fed hikes rates in bid to counter inflationThe US dollar rises against major currencies after the Federal Reserve hikes interest rates and signals further tightening to tackle inflat...
- China urges more FX hedging to aid exportsChina's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect bu...
- Making a dollar detour: Why BRICS isn’t breaking up with the dollarThe latest BRICS declaration emphasizes interoperable payment systems and local currency settlement. It explicitly avoids proposing a commo...
- China benefited most from BRICS summit: SibalKapil Sibal called BRICS a “motley” grouping and said China emerged as the biggest beneficiary from the New Delhi summit. However, he credi...
- The Modi-Xi-Putin picture and the rise of a multipolar world trying to remake global powerThe expanded BRICS grouping now represents nearly half the world's population. Leaders adopted the New Delhi Declaration, showing consensus...
- World’s biggest handshake at BRICS: Can it shake the world order?Modi, Xi and Putin’s BRICS meeting carries symbolic weight, but its impact will depend on deliverables. An expanded, divided BRICS faces in...
- India's forex reserves surge $44.9 billion to record $785.7 billion, fourth largest globallyIndia's foreign-exchange reserves surged to a record $785.706 billion. This surge was driven by a dedicated dollar-mobilisation programme a...
- BRICS can boost local-currency trade with deeper financial markets, stronger banking links: ExpertsBRICS nations can boost trade and investment by deepening financial markets. Experts suggest using local currencies more often for transact...
- India's BRICS play may have a payment plan with no hard cashIndia is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems a...
- SEZ Port City Colombo woos tech cos to derisk India opsPort City Colombo is attracting technology companies from India seeking to diversify risks. This special economic zone offers a lower cost ...
- BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided blocIndia hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fost...
- Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyedCurrency markets remained steady as investors assessed rising oil prices and bond yields. The Japanese yen's strong rally paused before key...
- UPI can do more tricks among BRICSIndia is championing the integration of the Unified Payments Interface (UPI) for cross-border digital transactions within BRICS countries. ...
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