Central Banks

Interactive: The Spread of Central Bank Currency Swaps Since the Financial Crisis

Over the past seven years, the swaps have been used by central banks to obtain foreign currency to boost reserves and to lend on to domestic banks …

Banking

Argentina’s currency crisis is far from over

ON A residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year …

Economy

Pakistani rupee tumbles, central bank cites market forces | Reuters

ISLAMABAD (Reuters) - The Pakistani rupee dropped sharply in early trade on Monday in what appeared to be another devaluation by the central bank, two market analysts said, the fourth such intervention since early December.<p>A currency trader counts Pakistani rupee notes as he prepares an exchange of …

Banking

Bond Veteran Who Got Big Call Right Predicts End to India's Rout

Last year in May, Jayesh Mehta predicted the Reserve Bank of India would lower interest rates, when practically everyone was expecting a hike. The …

Economics

Brexit fears prompt 150 applications for Central Bank licence

Companies seeking authorisations for new products drives surge<p>An upswing in applications in recent weeks has compelled the Central Bank to …

Banking

The Real Growth Numbers to Watch in China

Chinese second-quarter growth is out and—lo and behold—it came in exactly as predicted at 6.7%, a hair lower than the first quarter’s 6.8%.<p>Implausibly smooth headline growth aside, a relatively strong second quarter isn’t surprising: Exports have held up well despite the trade fracas, and domestic …

Business

Emerging Markets Brace for a Trade-War Blow-Out

It may be starting to sound like a broken record for emerging markets, with the twists and turns of U.S.-China trade tensions likely to dominate …

Economy

China economic growth slows in Q2; June factory output weakens

BEIJING - China's economic growth slowed as expected in the second quarter as the government's efforts to tackle debt risks crimp activity and an …

Economy

How to stimulate property sector through LTV relaxation

<b>PREMIUM</b> Bank Indonesia (BI) announced recently the relaxation of the loan-to-value (LTV) ratio imposed on conventional banks and the …

Banking

China Q2 GDP growth slows to 6.7 pct y/y, in line with expectations | Reuters

BEIJING, July 16 (Reuters) - China’s economy grew 6.7 percent in the second quarter of 2018 from a year earlier, official data showed on Monday, in line with expectations.<p>The data points to a modest slowdown in the world’s second-largest economy, as the government’s multi-year efforts to tackle …

Economics

Southeast Asia's Growth Could Be the Trade War's Next Casualty

For Southeast Asia’s biggest economies, 2018 wasn’t supposed to be like this.<p>If a widening trade war wasn’t enough to contend with, a global wave of …

Economy

Firm, officials face heat in Rs 22-crore Central Bank of India fraud

The Central Bureau of Investigation (CBI) has registered a case of cheating and criminal conspiracy against a Belapur based company and officials of …

India News

UN Envoy Meets Libya Parties ahead of Security Council Briefing

United Nations special envoy to Libya Ghassan Salameh held talks over the weekend with various Libyan parties ahead of holding a briefing on the …

Middle East

ECONOMIC WEEK AHEAD: Mixed views on when Bank will hike rates

July’s petrol price hike might not feature in the Reserve Bank’s deliberations scheduled for this week, but other factors may cause a cautious …

Economics

China 2Q GDP growth slows to 6.7 pct

China's economy grew 6.7 percent in the second quarter of 2018 from a year earlier, official data showed on Monday, in line with expectations.<p>The data points to a modest slowdown in the world's second-largest economy, as the government's multi-year efforts to tackle debt risks begin to weigh on …

Economy

Ghosts of Loans Past Coming Back to Haunt India's States

Indian states raked up debt to fund widening deficits after the global financial crisis. They may now have to borrow more to meet repayment …

Reserve Bank of India

How an Economic Boom Can Run Out the Clock

Australia’s 27-year stretch of growth offers lessons for U.S policy makers<p>By<p>James Glynn<p>SYDNEY—U.S. history suggests economic expansions come with expiration dates.<p>Since 1854, the U.S. has experienced 34 expansions, lasting from 10 months to 120. The current one, in its 10th year, is already longer …

Economics

Bundesbank chief warned German cabinet of economic risks - paper | Reuters

BERLIN (Reuters) - The chief of Germany’s central bank, Jens Weidmann, warned the government of increasing risks of the economy cooling when he spoke at a July 6 cabinet meeting, business newspaper Handelsblatt reported, citing government sources.<p>Germany's Bundesbank President Jens Weidmann speaks …

Economics

May's Brexit Double-Down, Trade Jitters, India Bonds: Eco Day

• Prime Minister Theresa May is doubling down on her Brexit plan, warning that voters and lawmakers could otherwise end up with “no Brexit at all” …

Economic Reform

China second-quarter GDP growth slows to 6.7 percent year-on-year, in line with expectations

China second-quarter GDP growth slows to 6.7 percent year-on-year, in line with expectations<p>BEIJING (Reuters) - China's economy grew 6.7 percent in …

World Economy

US Rejects European Requests For Relief On Iranian Sanctions

The United States has reportedly rejected requests from European allies that are seeking exemptions from U.S. sanctions imposed on countries doing …

South Asia

WAM Leaders Ltd (ASX:WLE) just announced profit growth of 155% for FY18

Listed investment company (LIC) <b>WAM Leaders Ltd</b> (ASX: WLE) is one of the first companies to report the result for FY18.The highlight was that the …

Investing

Post-Mugabe Zimbabwe set to frustrate eager investors

A European investor’s phone rings in a Harare restaurant and it’s good news: an $80 million construction deal has been agreed with the Zimbabwean …

South Africa

European markets seen higher ahead of earnings; Trump-Putin meeting in focus

European shares are expected to open mostly higher Monday as investors focus on earnings and monitor an upcoming meeting between the United States …

Stock Markets

Why countries like Argentina and Turkey fret about exchange rates

IMAGINE if Milton Friedman had been put in charge of a central bank, only to lose his job for expanding the money supply too quickly. Or if Robert …

Forex

Caught in a debt trap, Indian states will have to borrow more money to repay loans

<b>Borrowings by states almost doubled between fiscal years ended 2013 and 2018, with the trend picking up after 2008.</b><p>Indian states raked up debt to …

Business (India)

Tencent and Alipay set to lose $1bn in revenue from payment rules | Financial Times

China’s two mobile payments giants, Alipay and Tencent, are poised to lose around $1bn in combined annual revenue to a new central bank requirement …

Banking

Bulgaria Takes Step Towards Eurozone ‘Waiting Room’

By Martin Dimitrov<p>Eurogroup finance ministers and the ECB on Thursday welcomed Bulgaria’s readiness to join the Banking Union, so entering the …

Europe

DIARY-Emerging Markets Economic Events to August 31

DIARY-Emerging Markets Economic Events to August 31<p>July 16 (Reuters) -<p>For other diaries, please see:<p>Top Economic Events<p>M/DIARY<p>Emerging Markets …

Banking

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate …

Economics