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1-10 results from 1000 for query «currency»

January 12, 2018 12:00 AM French credit growth worries ECB

Frankfurt: Members of the European Central Bank´s governing council are concerned that rising private-sector borrowing in France could threaten financial stability, minutes from a December meeting published Thursday showed. "It was remarked that loan growth in the euro area´s second largest economy had seen rather buoyant expansion," according to the minutes 6

January 12, 2018 12:00 AM Jang Economic Session: Take cautious approach to ventures with China: experts

LAHORE: There is no harm in cementing financial ties with China in the wake of changing relations with the US but concerns of business community and financial experts should be addressed before bringing Chinese Yuan on a par with the US dollar for Sino-Pak trade. These views were expressed by experts in a Jang Economic Session on 'Chinese Yuan vs US Dollar 4

January 6, 2018 12:00 AM Erdogan denounces US justice

ISTANBUL: Tayyip Erdogan denounced US justice on Friday and suggested Turkey could rethink some bilateral agreements with Washington, after a US court convicted a Turkish banker in a trial that included testimony of corruption by top Turkish officials. In his first public comments on Wednesday´s verdict, the Turkish president cast the case as American 1

January 6, 2018 12:00 AM China aims to get more cross-border transactions done in yuan

BEIJING: China will encourage companies to increase their use of yuan for settling cross-border trade deals and support foreigners´ use of the currency for direct investments in the country, the central bank said on Friday. Beijing has been promoting the international use of the yuan since 2009, and yuan settlement accounted for 16.9 percent of China 2

January 2, 2018 2:00 AM SBP move likely to cause dollar shortage in open market

KARACHI: The State Bank of Pakistan (SBP) has decided to cut the import requirement of cash dollars to 35 per cent against the export of foreign currencies, creating fears about a shortage of the greenback in the open market. The central bank issued a circular on Monday that asked exchange companies to bring only 35pc cash dollars as opposed to 100pc against 3

December 15, 2017 12:00 AM Forex reserves fall to $20.686bln

KARACHI: Foreign exchange reserves dropped 1.42 percent to $20.686 billion as on December 8 due to external debt payments, the central bank said on Thursday. Foreign currency reserves held by the State Bank of Pakistan (SBP) fell to $14.666 billion from $14.883 billion. Reserves of commercial banks fell to $6.020 billion from $6.084 billion a week ago. The SBP’s 3

December 7, 2017 12:00 AM Witness in Sharif’s Al-Azizia case to resume evidence today

ISLAMABAD: An Accountability Court (AC) here on Wednesday once again adjourned in Al-Azizia corruption reference after a prosecution witness Malik Tayyab Moazzam could not complete his evidence as he has to exhibit 900 pages documents pertaining to the details of Nawaz Sharif's five bank accounts. Malik Tayyab till this time has provided details of hundreds 2

December 3, 2017 12:00 AM Intesa CEO warns of Bitcoin ‘bubble’

Intesa CEO warns of Bitcoin ‘bubble’ MILAN: The head of Italy’s top retail bank Intesa Sanpaolo joined a growing chorus of Bitcoin critics, calling the wild gyrations in the price of the cryptocurrency a speculative bubble and saying global regulatory scrutiny was essential. “There is no doubt it’s a speculative bubble, when a currency goes from $1,000 to $10,000 in the space 4

November 30, 2017 12:00 AM Pakistan raises $2.5b by selling Sukuk, Eurobond in NY

ISLAMABAD: Pakistan on Wednesday raised US dollar denominated Sukuk and Eurobond worth $2.5 billion at New York against total offered amounts from investers by $8 billion in order to stop depletion of foreign currency reserves. “Pakistan raised $1 billion through 5 year Sukuk at rate of 5.625 percent and $1.5 billion with 10 year Eurobond maturity at rate of 6.875 percent 10

November 29, 2017 12:00 AM Egypt central bank scraps FX restrictions

CAIRO: Egypt´s central bank removed caps on deposits and withdrawals of foreign currency for importers on Tuesday, lifting some of the last currency controls put in place after a 2011 uprising. The move is another sign that bank liquidity is improving as a result of Egypt´s $12 billion, three-year International Monetary Fund programme and a currency 2