BEIJING, May 5 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 691.14 Euro 100 761.89 Japanese yen 100 5.1491 Hong Kong dollar […]
NEW YORK, May 3 (Xinhua) — U.S. stocks sank in late session and ended lower on Wednesday as the Federal Reserve didn’t give a clear signal on a pause or cut of interest rate hike. The Dow Jones Industrial Average fell 270.29 points, or 0.80 percent, to 33,414.24. The S&P 500 was down 28.83 points, […]
NEW YORK, May 2 (Xinhua) — U.S. stocks dropped on Tuesday as prospect of U.S. debt default and weak labor market indicator dented market sentiment. The Dow Jones Industrial Average fell 367.17 points, or 1.08 percent, to 33,684.53. The S&P 500 sank 48.29 points, or 1.16 percent, to 4,119.58. The Nasdaq Composite Index shed 132.09 […]
Tehran [Iran], May 2 (ANI): Iran’s Secretary of the Supreme National Security Council (SNSC) Ali Shamkhani has called for increased use of the rial and rupee in trade with India, Islamic Republic News Agency (IRNA) reported. In a meeting with National Security Advisor of India Ajit Doval in Tehran on Monday, Shamkhani said using national […]
Jammu and Kashmir [India], May 1 (ANI): A fire broke out in the under-construction building of All India Institute of Medical Sciences (AIIMS) in Jammu and Kashmir’s Samba on Sunday, informed officials. According to officials, the fire broke out on the first floor of the OPD block. At the time of the incident, people were […]
Beijing [China], April 30 (ANI): China’s top antigraft’s grip over corruption has intensified as the country is targeting bankers, making an example of a few prominent figures along the way, according to the New York Times. China’s anti-corruption officials warned bankers in February that it would “investigate and deal with the people who neglect the […]
washington – The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and it said the industry needs stricter policing on multiple fronts to prevent future bank failures. The Fed was highly critical of its own role in the bank’s failure in […]
NEW YORK, April 25 (Xinhua) — U.S. stocks suffered from a deep drop as traders reacted to weak earnings reports and consumer confidence in the United States. The Dow Jones Industrial Average fell 344.57 points, or 1.02 percent, to 33,530.83. The S&P 500 sank 65.41 points, or 1.58 percent, to 4,071.63. The Nasdaq Composite Index […]
BEIJING, April 25 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 688.47 Euro 100 761.09 Japanese yen 100 5.1357 Hong Kong dollar […]
Islamabad [Pakistan], April 23 (ANI): Pakistan’s state-owned entities (SOEs) are the worst in South Asia and their combined losses increasing faster than assets, Dawn reported. The development causes a significant annual drain on scarce public resources and poses a substantial risk to the sovereign. On an annual basis, Pakistan’s state-owned entities together received over Pakistani […]
