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A service for banking industry professionals · Thursday, January 2, 2025 · 773,550,245 Articles · 3+ Million Readers
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Chinese Renminbi (CNY) News Monitoring

  • Published on Dec 31, 2024

    Let the rupee find its own level

    By N Chandra Mohan As the new year kicks off, the persisting weakness of the rupee vis-à-vis the US dollar in 2024 —although not as much as China’s yuan, South Korea’s won, Türkiye’s lira, or Indonesia’s rupiah, among other currencies—raises important …

    Source: Financial Express - Neutral
  • Published on Dec 31, 2024

    Forecasting the world in 2025

    A recent feature of the FT’s annual predictions has been that what was once seen as a light-hearted exercise has increasingly had to grapple with issues of war and peace. This year our writers offer predictions on conflicts in Ukraine, the Middle East, …

    Source: The Financial Times - Neutral
  • Published on Dec 31, 2024

    External sector strengthens further in November 2024

    25       Workers’ remittances increase to USD 5,962 Mn in Jan-Nov 2024       Gross Official Reserves to USD 6.5 Bn  The external sector of the Sri Lankan Economy continued to strengthen  further in November 2024, supported by higher inflows in the form of …

    Source: Daily News - Label Pending
  • Published on Dec 31, 2024

    US transfers $15 billion to Ukraine using frozen Russian assets

    The United States is set to provide Ukraine with $15 billion, utilizing frozen Russian central bank assets, Ukrainian Prime Minister Denis Shmigal announced on December 30. The funds, which are part of a broader $20 billion US contribution to the G7’s $50 …

    Source: Weekly Blitz - Label Pending
  • Published on Dec 31, 2024

    Rupee closes at new all-time low

    The rupee closed at fresh low due to broad-based dollar bids and declining Chinese yuan, said forex traders. On Tuesday, after hitting low of 85.66 against the dollar, the currency settled at 85.61, down by 7 paise or 0.08%. Towards the end of the trading …

    Source: Financial Express - Neutral
  • Published on Dec 31, 2024

    Rupee declines for 7th straight year, ends 2024 at 85.61/USD

    The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump's U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed. The …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 31, 2024

    Business : Ringgit Closes Out 2024 As Top Performer Among Major Asian Currencies

    By Norsyafawati Ab Wahab KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit emerged as the best-performing currency in Asia in 2024, standing out among major regional peers amid a challenging global economic landscape. By the end of the year, it had appreciated …

    Source: Bernama - Label Pending
  • Published on Dec 31, 2024

    Passing of Jimmy Carter: The end of an era

    FILE PHOTO: Former US president Jimmy Carter attends an interview with Reuters in Cairo January 12, 2012. [Photo/Agencies] The passing of Jimmy Carter, the 39th president of the United States, signifies more than just the passing of an American …

    Source: China Daily Global - Gov't Propaganda
  • Published on Dec 30, 2024

    Holiday briefing: Fear & uncertainty to the fore as 2024 ends

    Here's our summary of key economic events overnight with news 2024 has brought some huge and surprising changes. But in other sectors, not as much change as you might have expected. And through it all profits and wealth growth have been strong. But …

    Source: interest.co.nz - Neutral
  • Published on Dec 30, 2024

    Iraq ends Dollar Auction Platform: Economic transformation and new challenges

    Baghdad (IraqiNews.com) – As Iraq steps into 2025, a pivotal change is set to reshape its financial landscape. The Central Bank of Iraq has announced the termination of its electronic platform for monitoring foreign currency movements and transfers. While …

    Source: Iraqi News - Uncategorized
  • Published on Dec 30, 2024

    US remains largest debtor nation of Taiwanese banks for 37th quarter

    The US remained the largest debtor nation of banks in Taiwan for the 37th consecutive quarter at the end of the third quarter, the central bank said on Friday last week. Taiwanese banks’ exposure to the US stood at US$181.99 billion at the end of September …

    Source: Taipei Times - Neutral
  • Published on Dec 30, 2024

    The US is losing the race to develop an alternative payments system

    Other countries have many incentives to build an alternative to the U.S.-centric global payments system using CBDCs. The U.S. must get in the game or see its economic strength begin to wane, writes Ross Buckley, of the University of New South Wales Sydney. …

    Source: American Banker - New York - Neutral
  • Published on Dec 30, 2024

    Declining rupee means bad business for Indian shares, eyes now on Q3 earnings

    The Indian rupee has been continuously losing its strength against the US dollar. On Monday, the INR slipped to its weakest closing level on record, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish …

    Source: Firstpost - Center-right
  • Published on Dec 30, 2024

    Iraq’s traders face uncertainty as 2025 approaches

    2024-12-30T10:10:59+00:00 font Enable Reading Mode A- A A+ Shafaq News/ The Central Bank of Iraq (CBI) has announced the termination of its electronic platform for monitoring and transferring US dollars abroad by the end of 2024. The decision, which …

    Source: Shafaq News - Uncategorized
  • Published on Dec 30, 2024

    Where to invest in 2025: Will Trump start a trade war and what next for the Magnificent Seven?

    Donald Trump's agenda of aggressive trade tariffs and tax cuts is set to dominate markets next year. The returning US president is expected to be an even more disruptive force in his second term, with repercussions for geopolitics in the Middle East …

    Source: Daily Mail - Right-wing
  • Published on Dec 30, 2024

    Russian rouble loses 3.4pc vs US dollar

    MOSCOW: The Russian rouble weakened sharply against the US dollar on Friday after the central bank announced it would withdraw some support for the currency in the first working week of 2025 after the New Year break. The rouble was down 3.4% at 100.50 …

    Source: Business Recorder - Neutral
  • Published on Dec 30, 2024

    Weak Rupee Makes Indian Stocks a Tough Sell

    (Bloomberg) — Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Article content Rupee impact Tiny IPOs Paint stocks fade Good morning, this is Chiranjivi Chakraborty, an …

    Source: Financial Post - Center-right
  • Published on Dec 31, 2024

    GIFT Nifty down 175 points; here's the trading setup for today's session

    Indian frontline indices ended negatively on Monday, dragged by banks and auto stocks. While the S&P BSE Sensex settled at 78,248.13, down by 450.94 points or 0.57%, the broader Nifty closed at 23,644.90, lower by 168.50 points or 0.71%. Commenting on …

    Source: The Economic Times - Center-right
  • Published on Dec 29, 2024

    A growing force in a multipolar world 

    Global geopolitics is undergoing a significant transformation. The once-dominant unipolar world order, centered on the US hegemony, is being replaced by a fragmented and multipolar system. This shift is driven by the expansion of coalitions like the BRICS, …

    Source: Pakistan Today - Uncategorized

04 days 12:08:30

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