Beijing: In the background of the ongoing upheavals in China’s economy, there has been a significant decline in the country’s foreign reserves. China’s foreign reserves fell to $3.029 trillion in September. It is being said that there has been a decrease of about one per cent in the foreign reserves in one month. A few […]
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Beijing: Start strong buying Chinese Yuan from around the world, selling the USD in the international market. The Central Bank of China has instructed the Chinese banks abroad, along with the domestic government and affiliated banks, should follow this instruction. It is claimed that China has taken this step to protect its currency, which has […]
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Washington: The US Federal Reserve has indicated that the interest rate hike would continue to counter inflation for some time. This claim has caused the US Dollar value to jump compared to other currency rates. The Dollar has reached a 20-year-record hike in the Asian markets. The rise in the value of the US Dollar […]
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Colombo – India’s High Commissioner to Sri Lanka has reprimanded China, saying that Sri Lanka needs assistance, not unnecessary pressure or fueling disputes. The Chinese ambassador had alleged that India was interfering in Sri Lanka regardless of its sovereignty. The High Commission of India reprimanded China while reacting to this. ‘His violation of basic diplomatic […]
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Brussels: Due to the Russia-Ukraine conflict, the energy crisis in Europe is intensifying. This has put pressure on the Euro. On Tuesday, the Euro fell to a two-decade low against the US dollar. US financial institution Citibank has predicted the Euro would slide further in the coming times. Analysts claimed that the further fall in […]
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Beijing: Sri Lanka denied entry to China’s ‘Yuan Wang 5’ ship in its Hambantota port following objections raised by India. It is claimed that this is a blow given by Sri Lanka to China. It also highlights the strong cooperation established between India and Sri Lanka. Disturbed by this, China has expressed its displeasure. China’s […]
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New Delhi: China’s People’s Liberation Army’s ‘Yuan Wang 5’ warship, used for spying and picking up sensitive information, will arrive at Sri Lanka’s Hambantota port. The ship has increased the threat to naval bases on India’s east coast and ISRO’s launch base at Chandipur. India has taken serious cognisance of this and Sri Lanka has […]
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Washington: Jerome Powell, Chair of the US Federal Reserve, claimed ‘Use of cryptocurrency is rapidly increasing globally. The Federal Reserve is evaluating whether there can be an improvement in the transactions using digital currency. Federal Reserve has even published a white paper in this regard. According to that, the digital version of the USD will […]
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Taipei: There are reports that the Chinese military is preparing to attack Taiwan. But even before that, there seemed to be a conflict flaring up in the field of semiconductors between China and Taiwan. Authorities in Taiwan have raided 10 Chinese companies and have started thorough interrogation of more than 70 people. Taiwan has accused […]
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Washington: Chinese President Xi Jinping is planning an attack on Taiwan. About 150,000 Chinese troops and 953 ships will attack Taiwan in the first phase. Two hundred thousand troops will be sent to Taiwan to win in the second phase. The attack on Taiwan was discussed at a meeting between the Communist Party of China […]
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