BEIJING, July 26 (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 100 674.83 Euro 100 689.81 Japanese yen 100 4.9466 Hong Kong dollar […]
SEATTLE, Washington: Amazon.com has agreed to purchase U.S. primary care provider One Medical for $3.49 billion. As Amazon continues its expansion into U.S. healthcare at an increasingly rapid pace, the all-cash deal would combine two relatively small players in the sector. Before offering services to other employers under the Amazon Care brand, the online retail […]
Islamabad [Pakistan], July 24 (ANI): A war of words between Pakistan’s Prime Minister Shehbaz Sharif and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan erupted on Twitter on Saturday over the issue to bypass all the procedures for selling assets to foreign countries in order to prevent Islamabad from defaulting. In a fiery debate on Twitter hours […]
© Provided by Xinhua Economist Desmond Lachman believes that the stock market decline will end when the Fed shifts to a less hawkish monetary policy stance. “I expect that this will occur by year end, at which stage we could see stock prices begin to recover,” he said. by Matthew Rusling WASHINGTON, July 22 (Xinhua) […]
New Delhi [India], July 22 (ANI): After recent sharp volatility in financial markets, bullishness seemed to have returned to Dalal Street as Indian stock indices rose for the sixth consecutive session on Friday. The latest decline in crude oil prices coupled with signs of domestic inflation plateauing has somewhat lent support to the domestic indices […]
HONG KONG: The China Banking and Insurance Regulatory Commission has urged Chinese banks to increase loan support for real estate developers so they can complete unfinished projects. The country is facing two of its largest problems—mortgage boycotts and frozen bank accounts—both of which are threatening social stability in the country, as thousands of disgruntled homebuyers […]
New Delhi [India], July 20 (ANI): Indian stock indices extended their gains from the previous session and traded sharply higher in early trade on Wednesday. This is the fourth consecutive session of gains in the domestic indices. The latest decline in crude oil prices coupled with signs of domestic inflation plateauing has somewhat lent support […]
New Delhi [India], July 19 (ANI): After two consecutive days of gains, Indian stock indices declined marginally in early trade on Tuesday, weighed down by a consistent depreciation of the rupee. On Tuesday, the rupee hit yet another historical low and touched the key psychological level of 80 against the US dollar. At 9.40 a.m., […]
New Delhi [India], July 18 (ANI): Indian stock indices extended their gains from the previous week and traded in the green in early trade on Monday, primarily due to some fresh buying at lower levels. Stocks in the US climbing sharply on Friday also lent support to the Indian stocks this morning. Notably, the domestic […]
Hubballi (Karnataka) [India], July 17 (ANI): Following heavy rains and floods in parts of Karnataka, Chief Minister Basavraj Bommai on Saturday said the state will seek financial assistance from the Union government after getting detailed reports on the damages. After taking a stock of the situation here, the Chief Minister briefed the reporters about the […]
