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European Central Bank to supervise Latvi...
RIGA, March 11 (Xinhua) -- The European Central Bank (ECB) has decided to take Latvia's PNB Bank under its direct supervision at the request of Latvian banking regulator, the Latvian Financial and Ca
World Bank approves 200-mln-USD loan to ...
TASHKENT, March 25 (Xinhua) -- The World Bank has approved a loan worth 200 million U.S. dollars to support micro, small and medium-sized businesses in one of Uzbekistan's densely populated rural are
U.S. Fed leaves rates unchanged
The U.S. Federal Reserve on Wednesday left interest rates unchanged after concluding a two-day policy meeting, in a move that met market expectations and reflected the central bank's patient approach
Mongolia leaves benchmark interest rate ...
ULAN BATOR, March 23 (Xinhua) -- Mongolia's central bank has decided to leave the benchmark interest rate unchanged at 11 percent, local media reported Saturday. "The decision aims to bolster the eco
Breakthroughs in China's financial marke...
BEIJING, March 24 (Xinhua) -- China has made marked progress in allowing foreign financial institutions to access its financial market, central bank governor Yi Gang said Sunday. Many breakthroughs h
Italian investment bank CDP, UniCredit t...
Italy's state-owned investment bank Cassa Depositi e Prestiti (CDP) and UniCredit bank have entered into a partnership to support Italian companies in China, the CDP said in a statement on Thursday.
World Bank announces plan to rehabilitat...
NAIROBI, March 14 (Xinhua) -- The World Bank will contribute efforts to rehabilitate 85 million hectares of forests through tree planting and implementation of policies aiming to enhance the fight ag
China to conduct first central bank bill...
China will soon conduct the first central bank bills swap (CBS) operation to support the issuance of perpetual bonds by commercial banks, a central bank official said Tuesday. Sun Guofeng, head of
China's only rural policy bank becomes l...
SHENZHEN, Feb. 25 (Xinhua) -- The Agricultural Development Bank of China (ADBC), the country's only rural policy-oriented bank, has become the third largest bonds issuer at home. The bank is also the
U.S. Federal Reserve mulls tighter rules...
The U.S. Federal Reserve is considering imposing stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest
S.Africa partners World Bank to improve ...
JOHANNESBURG, March 11 (Xinhua) -- South Africa's Department of Trade and Industry on Monday announced its partnership with the World Bank Group for advisory services to improve the business environm
Foreign exchange rates in Pakistan
ISLAMABAD, Jan. 22 (Xinhua) -- The following are interbank rates of foreign currencies against the Pakistani rupee released by the National Bank of Pakistan on Tuesday: Currency Buying Selling U.S. d
India's central bank imposes penalty on ...
NEW DELHI, March 26 (Xinhua) -- India's central bank the Reserve Bank of India (RBI) has reportedly slapped a penalty of 20 million Indian Rupees (285,714 U.S. dollars) on the Punjab National Bank (P
Feature: Young Palestinian girls find ch...
by Fatima Aruri NABLUS, West Bank, March 14 (Xinhua) -- In the northern West Bank city of Nablus, nearly 20 young Palestinian girls were learning a new art technique after being forced to drop out of
3 Israelis injured in shooting, stabbing...
JERUSALEM, March 17 (Xinhua) -- A Palestinian man carried out two separate shooting and stabbing attacks in the West Bank on Sunday, critically injuring three Israelis, Israeli authorities said. A mi
Kenyan central bank retains benchmark ra...
NAIROBI, March 27 (Xinhua) -- Kenyan apex bank on Wednesday retained its benchmark rate at 9 percent, citing a stable macro-economic environment. Patrick Njoroge, Central Bank governor and the chairm
Central bank continues to skip open mark...
BEIJING, March 22 (Xinhua) -- China's central bank continued to skip open market operations Friday, citing abundant liquidity in the banking system. As 20 billion yuan (about 2.99 billion U.S. dollar
Australia's interest rate "unlikely" to ...
SYDNEY, March. 6 (Xinhua) -- After Tuesday's decision to keep Australia's cash rate at the record low of 1.5 percent for the 31st consecutive month, the country's central bank governor said Wednesday
New chief defends autonomy of Brazil's c...
RIO DE JANEIRO, March 13 (Xinhua) -- Brazil's new central bank chief Roberto Campos Neto defended more autonomy for the institution as he was sworn in on Wednesday. It was necessary both to maintain
Qatar to launch largest energy bank with...
DOHA, March 19 (Xinhua) -- Qatar will launch the world's largest energy bank with a capital of 10 billion U.S. dollars in 2019, an official of the new bank said Tuesday. The move came in the light of
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