The first trials for its own digital currency could be launched by the Reserve Bank of India, the central bank of the country, by December, said the governor of the central bank Shaktikanta Das in a media interview. The potential… Read More ›
Economy & Finance
China Considering New Laws To Ban Chinese Firms With Sensitive Data From US Listing
Chinese authorities are trying to formulate new regulations that would prevent domestic internet based companies from getting publicly listed in the United States, said a report published by The Wall Street Journal on Friday. The Journal reported, citing people familiar… Read More ›
PBOC injects $7.71 billion into banking system, biggest ever since February 2021
China’s central bank The People’s Bank of China (PBOC) has increased its short-term fund injection this week to meet higher cash demand that typically ensues towards the month-end. In a statement PBOC said it has offered $7.71 billion (50 billion… Read More ›
Turkey must abide by new global tax rules, must remove digital service taxes: USTR
U.S. Trade Representative Katherine Tai told her Turkish counterpart Mehmet Mus, that Ankara must remove individual digital services taxes following a broader multilateral agreement that was reached in talks led by the OECD. Among a range of issues that was… Read More ›
World Bank Temporarily Stops Aid To Afghanistan Following Taliban Takeover
Following the seizure of political power in Afghanistan by the Taliban, funding for projects in the country has been frozen by the World Bank. According to a statement published by the global agency about the halting of the funding, the… Read More ›
July Car Production In UK Hit Lowest Level Since 1956
Car manufacturing in the United Kingdom declined in July to its lowest for the month for the entire industry since 1956, showed data available from a trade group. There was a 37.6 per cent year on year drop in cars… Read More ›
‘Normal Communication’ Being Maintained With US On Trade, Claims China
“Normal communication” with the United States is being maintained by China on the issue of trade, the Chinese government said on Thursday. This is one of the very few areas where the two largest economies of the world have not… Read More ›
Citi Could Soon Offer Bitcoin Futures Trading For Some Of Its Institutional Customers
An increase in demand for services in the cryptocurrency space has now prompted Citigroup Inc to closely consider offering some of its institutional customers the services of bitcoin futures trading, a spokesperson for the bank said earlier this week. After… Read More ›
Asia’s Economic Recovery Stumbles On Fresh Covid-19 Outbreaks
A surge in Covid-19 infections in Asian countries has forced imposition of restrictions again resulting in shops going empty again and factories being forced to close down temporarily which has resulted in loss of momentum in the robust economic recovery… Read More ›
Euro Zone Business Activity Growth Increased Further In August
There was further strength in business activity in the euro zone in August with only a slight decline from tee July number which was a two decade high for any month as more companies and businesses were able to reopen… Read More ›
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