China’s currency moves will be the best measure of how well trade talks are going between the US and China
The way China’s currency moves against the dollar could be the best measure of how well U.S.-Chinese trade talks are proceeding. Strategists say the fact the renminbi, also known as the yuan, has steadied against the dollar and is edging higher is one of a number of positive signs that show the Chinese are serious about the trade talks. (The More...
Goldman Sachs warns about US companies’ emerging market exposure as Turkey crisis flares up
Mehmet Ali Ozcan | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders’ Summit in Hangzhou, China, More...
What Cultural Currency Does Your Work Employ?
GettyGetty Historians believe that the Chinese were the first to utilize paper bills as an accepted currency, as early as A.D. 618. Today, every country uses a specific currency to make transactions easier More...
Rupee Recovers 2% Against Dollar In 2 Days: 10 Things To Know
The rupee registered its strongest single-day gain in five years on Friday, amid a plunge in crude oil prices and a spike in equity markets. The rupee strengthened by 101 paise against the greenback to settle at More...
Five men who robbed currency exchange shops in Delhi arrested: Police
Nine days after two men who used to run a currency exchange shop in south Delhi’s Mahipalpur were shot at inside their shop, police on Thursday claimed to have arrested five men for the crime. Police said the More...
Rupee Firms Up By 14 Paise Against US Dollar: 5 Things To Know
Indian Rupee, US Dollar Rate: Rupee opened at 73.33 to quote 14 paise higher over its previous closing. The rupee recovered against the US dollar in early trade on Monday, reported news agency Press Trust of More...
China seen as firewall in emerging economies’ currency crisis
CHINA is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries – loosely defined More...
Honda feels currency heat
Calcutta: Honda Cars India Ltd (HCIL) may raise the prices of its vehicles for the second time this quarter if the rupee does not stabilise. The company revised prices in August by up to Rs 35,000 because of a More...
Emerging market currency crisis could lead to broader economic trouble
Having tumbled some 22 per cent from their January peaks, emerging equity markets are in territory commonly regarded as a bear market. Emerging market investors are trying to gauge whether a currency crisis More...
RBI net sells $6.184 bn of US currency in June
Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...