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 as having fast growing but volatile economies – have seen their currencies battered in recent weeks, plunging their finances into 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...
After hitting new record low, Turkish lira pares some losses on central bank statements
Yasin Akgul | AFP | Getty Images People check currency exchange rates at a currency exchange office on August 11, 2018 in Istanbul. The Turkish lira retraced some losses after touching a new record low in Asia’s More...
Wars of the currency kind
Nations letting currency weaken can spur instability Recently, RBI Governor Urjit Patel warned that the global trade war could escalate into a currency war. Trade wars erupt when countries impose tit-for-tat tariffs More...
US Treasury To Review If China Manipulated Its Currency
US Treasury Secretary Steven Mnuchin listens to a question during an interview. SAO PAULO: The United States is monitoring the recent weakness in China’s yuan currency and will review whether the currency More...
Americans Can’t Understand The Value Of Decentralized Currency, But Many Other Countries Can
Director and Founding CEO at HIVE Blockchain (TSX.V: HIVE) – Canada’s first publically traded blockchain infrastructure company. Shutterstock Zimbabwe has a become a poster child of economic More...
Currency War Threatens to Ripple Across Global Markets
An employee points to the inked printing plate of a sheet of 5 USD notes at the US Treasury’s Bureau of Engraving and Printing in Washington, DC July 20, 2018. – The dollar slid against the euro and More...
Yes Bank gets shareholders nod to raise USD 1 billion
(Eds: Dropping words from headline) New Delhi, Jun 12 (PTI) Yes Bank today got shareholders nod for raising USD 1 billion (about Rs 6,700 crore) from various instruments, including Qualified Institutional Placements More...