SWIFT, the global bank messaging network, is set to launch a platform within 1-2 years to integrate …
"yuan"
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The Indian rupee rose on Tuesday due to central bank intervention and a stronger offshore Chinese yuan.
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FeatureInternational NewsNewsStocksWorld
Asian shares slip amid Fed’s mixed messages
by Nada Aliby Nada AliAsian equities faced challenges on Tuesday due to conflicting messages from US monetary policymakers and uncertainty surrounding …
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BanksFeatureInternational NewsMoneyNews
China urges banks to speed up new loan approvals for private developers
by Nada Aliby Nada AliChinese regulators are urging banks to accelerate the approval of new loans for cash-strapped private property developers …
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BanksFeatureInternational NewsMoneyNews
China adds liquidity via ¥50b reverse repos
by Yomna Yasserby Yomna YasserThe People’s Bank of China (PBC) announced on Monday that it had conducted 50 billion yuan (about …
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FeatureStocksWorld
Asian markets hesitate amid US inflation concerns
by Aya El Sayedby Aya El SayedAsian markets showed hesitation on Monday as fears over US inflation data threatened to upset the trajectory …
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China Petroleum & Chemical Corp., Sinopec, announced a 9.9 per cent decrease in net profit for 2023 …
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FeatureInternational NewsNews
China committed to reviewing market access, cross-border data flows – PM
by Aya Anwarby Aya AnwarPremier Li Qiang assured global CEOs and Chinese policymakers of China’s commitment to reviewing market access and …
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BanksFeatureInternational NewsMoneyNews
China has room to reduce reserve ratio– top banker
by Nada Aliby Nada AliChina’s deputy central bank head, Xuan Changneng, stated that there is room for further cuts in banks’ …
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BanksFeatureInternational NewsMoneyNews
China keeps rates unchanged as expected
by Nada Aliby Nada AliChina kept benchmark lending rates unchanged at the monthly fixing on Wednesday, aligning with market expectations, as …