Trading

BEIJING: China’s central bank conducted 379.3 billion yuan (US$53.15 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.

Xinhua news agency quoted the People’s Bank of China as saying that the move aims to keep liquidity re…

SEOUL: Foreign currency deposits in the Republic of Korea rose for the second straight month in July as companies saved more U.S. dollar-denominated currency, central bank data showed Friday.

Korean news agency Yonhap reported that residents’ outstan…

SEOUL: Foreign currency deposits in the Republic of Korea rose for the second straight month in July as companies saved more U.S. dollar-denominated currency, central bank data showed Friday.

Korean news agency Yonhap reported that residents’ outstan…

DUBAI: Dubai Electricity and Water Authority (DEWA) is set to participate in the 44th GITEX Global, the world’s largest technology and startups event, scheduled from 14th to 18th October at the Dubai World Trade Centre.

DEWA’s stand will showcase its…

ABU DHABI: UAE-based Banks attracted new “3-month” deposits worth more than AED54 billion during the first five months of this year, according to the latest statistics from the Central Bank of the UAE (CBUAE).

The statistics showed that deposits in b…

Jerome H. Powell, Chair, Board of Governors of the Federal Reserve, said that time has come for the monetary policy to adjust.

“Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than th…

Jerome H. Powell, Chair, Board of Governors of the Federal Reserve, said that time has come for the monetary policy to adjust.

“Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than th…

Malaysia’s Minister of Investment, Trade and Industry Tengku Zarful Abdul Aziz said on Friday that his country is holding talks on a free trade agreement (FTA) with the Gulf Cooperation Council (GCC).

A bilateral free trade agreement with the United…