South Korea’s FX reserves post biggest monthly gain in 13 on weaker dollar
SEOUL (Reuters) – South Korea’s foreign exchange reserves increased in November for the first time in four months and by the largest amount in 13 …
reserves,
IMF grants Malawi waiver after it overstated its reserves
BLANTYRE (Reuters) – The International Monetary Fund’s executive board has granted Malawi a waiver after it misreported its international reserves, the IMF said on Thursday, …
South Korea FX reserves fall again in Oct as won weakens
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to …
South Korea FX reserves fall again in Oct as won weakens
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to …
‘Thick Blanket Of Amnesia’: Former Trump Adviser Blasts Senate Dem’s Call To Tap Heating Oil Reserves
‘Thick Blanket Of Amnesia’: Former Trump Adviser Blasts Senate Dem’s Call To Tap Heating Oil Reserves Harold Hutchison on October 26, 2022 Fox Business host …
Exclusive-Vietnam may widen dong trading band again to conserve FX reserves – source
HANOI (Reuters) – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar …
‘A Win For Taxpayers’: Biden To Pay Nearly Three Times More Than Trump Would Have To Refill Strategic Oil Reserves
‘A Win For Taxpayers’: Biden To Pay Nearly Three Times More Than Trump Would Have To Refill Strategic Oil Reserves Jack McEvoy on October …
Biden Admin To Further Drain Strategic Oil Reserves Ahead Of The Midterms: REPORT
Biden Admin To Further Drain Strategic Oil Reserves Ahead Of The Midterms: REPORT Jack McEvoy on October 18, 2022 The Biden administration will announce …
Analysis-Foreign banks amass reserves at the Fed, bracing for funding stress
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign bank units have been accumulating cash reserves at the Federal Reserve, likely reflecting concerns that a dollar …
China says it reserves right to use force over Taiwan
BEIJING (Reuters) – China reserves the right to use force over Taiwan as a last resort in compelling circumstances, though peaceful reunification is its first …
Tether says it has completely eliminated commercial paper from reserves
(Reuters) – Tether, the world’s largest stablecoin by market value, says it has has completely eliminated commercial paper from its reserves and has replaced those …
Turkish central bank net reserves rose $3 billion last week -data/bankers
ANKARA (Reuters) – The Turkish Central Bank’s net reserves rose $3 billion last week and total reserves climbed $7 billion, calculations based on preliminary data …
Hong Kong forex reserves at $419.2 billion at end-Sept – HKMA
Oct 7 (Reuters) – Hong Kong’s official foreign currency reserve assets stood at $419.2 billion at end-September, the Hong Kong Monetary Authority said on Friday, …
Indonesia’s forex reserves drop to $130.8 billion at end-September
JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $1.4 bln last month to $130.8 bln due to payments of foreign debt and the central …
China forex reserves fall to $3.029 trln in Sept
SHANGHAI (Reuters) -China’s foreign exchange reserves fell in September, official data showed on Friday, as the dollar climbed against other major currencies. The country’s foreign …
S.Korea Sept FX reserves post second-biggest monthly decline on record
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank by nearly $20 billion in September, the second-biggest monthly drop on record, as authorities stepped up …
Russian business lobby calls for c. bank to accelerate yuan reserves
MOSCOW (Reuters) – Russia’s top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a …
U.S. dollar share of global FX reserves rises in Q2; euro share slips -IMF data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, …
Biden Admin To Continue Draining Oil From Strategic Reserves Through Election Day
Biden Admin To Continue Draining Oil From Strategic Reserves Through Election Day Jack McEvoy on September 19, 2022 The Biden administration announced Monday that it …
Japan govt will spend $24 billion in budget reserves to cope with price hikes
TOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the …
Moscow’s military reserves may be smaller than initially assumed – German defence minister
By Sabine Siebold and Sarah Marsh BERLIN (Reuters) – Russia has suffered significant troop and equipment losses in Ukraine and the impact of Kyiv’s latest …
Argentina’s depleted FX reserves get timely soybean boost
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to end the week with over $1 billion of foreign currency purchases, boosted …
‘Playing With Fire’: Biden Admin Considers Draining Oil Reserves Past Election Day
‘Playing With Fire’: Biden Admin Considers Draining Oil Reserves Past Election Day Jack McEvoy on September 8, 2022 The Biden administration is considering releasing more …
India’s overall forex reserves to shrink further this year – Deutsche Bank
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central …
Bhutan bans import of most vehicles as foreign exchange reserves plummet
By Gopal Sharma KATHMANDU (Reuters) – Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save …
U.S. big company oil reserves up 13% since 2017, deals drive recent growth -study
NEW YORK (Reuters) – U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an …
Venezuela’s gold reserves drop six tonnes in the first half of 2022
CARACAS – The Venezuelan central bank’s gold reserves dropped by six tonnes as of June 2022, according to the bank’s first-half balance sheet published in …
Indonesia FX reserves drop to $132.2 billion in July, central bank remains buoyant
JAKARTA -Indonesia’s foreign exchange reserves fell the most in a month since the start of the pandemic, Bank Indonesia (BI) data showed on Friday, as …
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude Jack McEvoy on August 2, 2022 President Joe Biden’s Department of …
Bhutan considering steps to avoid fallout of falling forex reserves -minister
By Gopal Sharma and Manoj Kumar KATHMANDU/NEW DELHI – Bhutan is considering several steps to contain adverse impacts on the economy following a fall in …
THE NEW SCRAMBLE FOR AFRICA: Europe Eyes Africa’s Vast Gas Reserves As Alternative To Russia
THE NEW SCRAMBLE FOR AFRICA: Europe Eyes Africa’s Vast Gas Reserves As Alternative To Russia Micaela Burrow on July 27, 2022 European countries see African …
India cenbank “correct” to use FX reserves to tackle rupee volatility: econ adviser
By Savio Shetty and Divya Chowdhury MUMBAI – The Reserve Bank of India (RBI) is justified in using the country’s foreign exchange reserves to smooth …
Nepal central bank hikes policy rate, warns of pressure on FX reserves
By Gopal Sharma KATHMANDU -Nepal’s central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, …
Indonesia’s FX reserves rise to $136.4 billion at end-June
JAKARTA – Indonesia’s foreign exchange reserves increased to $136.4 billion in June, equivalent to 6.6 months worth of imports and up from $135.6 billion a …
U.S. dollar share of FX reserves steady in Q1, euro share dips, IMF says
By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, …
Circle Partners with New York Community Bancorp Inc. to Custody USDC Reserves and Invest in Community-Based Initiatives
NYCB partnership marks Circle’s first custody relationship with a community bank and brings digital financial literacy opportunities to the greater NYCB community BOSTON, June 28, …
No reserves in Germany’s federal budget, says finance minister
BERLIN – Germany’s federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus …
Mars Sour discount at widest in two years as U.S. reserves hit market
By Stephanie Kelly NEW YORK – A key U.S. sour crude grade is being discounted at levels not seen in more than two years as …
Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof
Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof Thomas Catenacci on May 29, 2022 President Joe Biden has raided …
Kremlin says G7 using Russia’s reserves for Ukraine would be ‘outright theft’
(Reuters) -The Kremlin said on Tuesday it would be “outright theft” for the Group of Seven economic powers and European Union to seize Russia’s frozen …
China to buy 40,000 tonnes of frozen pork for state reserves on May 13 -notice
BEIJING – China will buy 40,000 tonnes of local frozen pork for its state reserves on May 13, according to a notice issued by the …
Biden Copies Trump Proposal To Refill Oil Reserves — And Spends Way More Doing It
Biden Copies Trump Proposal To Refill Oil Reserves — And Spends Way More Doing It Thomas Catenacci on May 6, 2022 The Biden administration announced …
S.Korea April FX reserves fall on stronger dollar, intervention
SEOUL – South Korea’s foreign exchange reserves measured in U.S. dollars shrank by the most in more than two years in April on the dollar’s …
Ukraine’s foreign reserves resilient amid war shock – central bank head
(Reuters) – Foreign financial aid will ensure the stability of Ukraine’s central bank reserves as the country deals with the economic shock from the Russian …
Is Biden’s Mass Release From The Strategic Oil Reserves Even Legal?
Is Biden’s Mass Release From The Strategic Oil Reserves Even Legal? Thomas Catenacci on April 21, 2022 A former Trump administration official suggested that President …
Singapore cbank transfers $55 billion of excess foreign reserves to govt
SINGAPORE – Singapore’s central bank said on Thursday it has transferred excess official foreign reserves (OFR) of S$75 billion ($55.11 billion) to the government through …
Ukraine’s gold and forex reserves stand at $29 billion, says official
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the …
BNY Mellon chosen as custodian for Circle’s stablecoin reserves
By Hannah Lang (Reuters) – Circle Internet Financial has selected Bank of New York Mellon Corp as primary custodian for its reserves of USD Coin, …
Biden admin weighs 180 million bbl draw of oil from emergency reserves over months -sources
WASHINGTON – The Biden administration is weighing a draw of oil from emergency reserves of up to 180 million barrels over several months, two U.S. …
Czech central bank may discuss further use of FX reserves to slow inflation
PRAGUE – The Czech central bank may discuss whether to use its large foreign exchange reserves to not only stabilise exchange rate fluctuations but also …