THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions as ...
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions as ...
RBI Allows Small Finance Banks To Extend Pre-Sanctioned Credit Lines Through UPI
Credit line on UPI was launched in September 2023 and was made available through Scheduled Commercial Banks (SCBs).
China to Give Its Firms a Procurement Boost Before Trump Return
China will give products made in the country a price advantage in government procurement, a step likely aimed at helping domestic manufacturers weather possible tariff hikes by the US.
Trump Picks Former Senator and Election Denier to Be Ambassador to China
David Perdue would serve in the role at a time when the U.S.-China relationship is considered to be the most consequential in the world.
NBA returning to China for pair of Suns-Nets preseason games in 2025, AP source says
An agreement will be announced on Friday, said a person who spoke to The Associated Press on condition of anonymity because neither the NBA nor Chinese officials have spoken publicly on the matter.
Bangladesh’s new LNG purchase policy draws Shell, BP, Glencore and Aramco
Shell , BP , Aramco and Glencore are among nearly two dozen firms Bangladesh has approved as suppliers of spot liquefied natural gas (LNG) as it seeks to boost competition and cut costs, the country's ...
S&P 500 Gains and Losses Today: Synopsys Sinks as China Restrictions Hurt Outlook
The S&P 500 declined 0.2% on Thursday, Dec. 5, as the record-setting stock rally cooled ahead of Friday morning's jobs report.
China’s Export Tax Rebate Shock: The Aluminum Market Faces A New Reality
China’s Finance ministry canceled the 13% VAT refund/rebate on exported aluminum and copper semi-finished products effective Dec 1. Buyers scrambled to expedite shipments before the deadline ...
Dollar Tree CEO says prices may rise again due to Trump’s proposed tariffs on China
During an earnings call on Wednesday, Dollar Tree CEO Michael Creedon said the chain may raise prices due to Trump's proposed tariffs.