Search For "central bank"
India stocks bearish for 3rd day over monetary policy tightening worries
Updated : 3 years, 6 months ago IST
New Delhi [India], September 16 (ANI): Indian stocks started Friday's trade in the red, extending losses for the third straight session, on concerns of aggressive global monetary policy tightening by various central banks to avert recessionary fears.
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Pakistan's economy continues to sink despite international support
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 14 (ANI): Despite support from Saudi Arabia and International Monetary Funds (IMF), Pakistan is on the verge of economic collapse with a lack of funds.
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Will continue to aggressively fight inflation, says Fed Governor ahead of
Updated : 3 years, 6 months ago IST
Vienna [Austria] September 11 (ANI): US Federal Reserve Governor Christopher J. Waller said the decision at the next monetary policy meeting will be "straightforward" and the central bank will continue to aggressively fight inflation.
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Singapore mulls restricting retail access to cryptocurrencies
Updated : 3 years, 6 months ago IST
Singapore, August 30 (ANI): Singapore's central bank Monetary Authority of Singapore is contemplating adding frictions on retail access to cryptocurrencies through various measures including customer suitability tests and restricting the use of leverage and credit facilities for such trad
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Bloodbath in Indian stocks; US Fed Chair's aggressive monetary policy stan
Updated : 3 years, 6 months ago IST
New Delhi [India], August 29 (ANI): Indian stocks declined sharply on Monday morning tracking negative cues from global benchmarks as stocks in the US plummeted after Federal Reserve Chair Jerome Powell said the central bank won't back off in its fight against rising inflation.
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Pakistan appoints new State Bank governor
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 28 (ANI): Amid dwindling foreign reserves and the country's ongoing deal with the International Monetary Fund (IMF), Pakistan appointed Jameel Ahmad as the new governor of the State Bank of Pakistan (SBP) for the next five years.
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China might devalue yuan, inflation fears loom as Jackson Hole Summit unde
Updated : 3 years, 6 months ago IST
Beijing [China], August 27 (ANI): As the US central bank's annual summer gathering is underway, the biggest worry will be that as the US dollar gets stronger, China might weaken yuan which will result in skyrocketing inflation.
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Sri Lankan PM Wickremesinghe requests China for debt restructuring amid ec
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 25 (ANI): Amid economic turmoil, Sri Lankan President Ranil Wickremesinghe urged China on Thursday to restructure its debt as Beijing is Colombo's largest bilateral lender.
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China's real-estate economic slump threatens Xi's aspirations for third te
Updated : 3 years, 6 months ago IST
Beijing [China], August 25 (ANI): In an attempt to revive the economy hurt by real estate debt problems, the Chinese central bank announced a sudden strong interest rate cut which has given a severe blow to the Chinese economy at a sensitive time for Chinese supreme leader Xi Jinping, who is
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IMF sees inflation peaking at 20 pc in Pakistan
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 25 (ANI): Pakistan's economy is slowing to around 3.5 per cent due to weakening economic conditions and the average inflation rate peaking to nearly 20 per cent by the end of the current fiscal year, according to the International Monetary Fund (IMF).
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Pakistan FDI drops 43 pc from last year to USD 59 million in July
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 25 (ANI): Pakistan's Foreign Direct Investment (FDI) fell 43 per cent to USD 59 million in July from USD 103.8 million a year ago, local media reported citing central bank data.
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American Express welcomes RBI move to lift restrictions, says India key st
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): After the Reserve Bank of India (RBI) lifted curbs on American Express Banking Corp enabling it to onboard new domestic customers, the financial services company on Wednesday said the move of India's central bank is the result of the company's s
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