Washington/Moscow: The United States, which targeted the Russian foreign reserves and central bank, has instructed US banks to keep their operations active in Russia. The website Bloomberg claimed that this request was made by the US Treasury and the State Department. The Biden administration informed that this step was taken to avoid a major global […]
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New Delhi: The measures taken by the central government to reduce the bad loans of public sector banks are beginning to show their impact. This has reduced the amount of bad loans. Due to this, the net profit of 12 public sector banks increased by 50 per cent to Rs 25,685 crore in the second […]
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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 record inflation in the United States is taking a heavy toll on ordinary citizens. Faced with inflation, unemployment and recession, American citizens are now turning their march toward food banks. In the last few months, the number of citizens in food banks run by voluntary and social organizations has increased by 20%. At […]
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New Delhi: Prime Minister Narendra Modi appealed to set focus on making Indian banks and currency a vital part of the international trade and supply chain. He also asked the financial institutions to encourage those doing exemplary on the economic and business level. The Prime Minister conveyed this message at an event jointly organized by […]
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Moscow/Beijing: – Russia has turned its attention to China to counter the stringent sanctions imposed by the western countries. The Russian banks, worst hit by the western sanctions, have started using Chinese currency, Yuan. VTB, the leading Russian bank, has appealed to its customers to convert their deposits to Yuan and has even assured an […]
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Tokyo / Washington – The world’s central banks have increased gold purchases in the face of declining dollar value in the global economy, rising inflation and the corona crisis. This year, various central banks worldwide added more than 400 tonnes of gold to their reserves. These include Thailand, Brazil, India, Singapore, Uzbekistan and Hungary. Thailand’s […]
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Beijing: – The ruling Communist Party has initiated inquiries against the country’s leading banks in the wake of the bankruptcy crisis in Evergrande, China’s leading real estate company. This includes the central bank of China as well as the leading state-owned banks known as the ‘Big Four’. Loans to private companies, including government enterprises in China, […]
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London/Canberra/Beijing: – Shocking revelation has been made that the members of the Chinese communist party have infiltrated big companies, banks, universities and think tanks, along with the embassies of the United States, the United Kingdom and Australia. The pro-democracy activists discovered this information through cyberattacks. An international group formed to expose the activities of the […]
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Islamabad: Pakistan, who distanced itself from Saudi Arabia after announcing that China was a true friend of Pakistan, has been severely jolted by China. As per received information, Chinese financial institutions and banks are unwilling to invest in the China Pakistan Economic Corridor (CPEC). The Chinese banks are saying that the instability in Pakistan is […]
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