Marketmind: China markets exhale after bank reserves cut
A look at the day ahead in European and global markets from Tom Westbrook Chinese markets caught a foothold overnight, with a cut in bank reserve requirements and vague promises of more…
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 foreign exchange reserves, its economic affairs minister…
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 energy resources as a possible substitute for…
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 out volatility in the rupee’s moves against…
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%, as part of efforts to tame inflation…
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 month earlier, the central bank said in…
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, unchanged from that of the last three…
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, 2022 — Today, Circle Internet Financial, a global…
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 pandemic, the impact of the war in…
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 it competes with a flood of reserves…
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 the Strategic Petroleum Reserve three times, but…
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 reserves and spend them on behalf of…
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 reserves management this year. The country is…
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 plans Thursday to refill the Strategic Petroleum…
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 strength and dollar-selling intervention by the authorities,…
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 invasion, central bank governor Kyrylo Shevchenko said…
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 Joe Biden’s recent release of 180 million…
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 a subscription of reserves management government securities.…
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 president’s economic adviser Oleh Ustenko said on…
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, a stablecoin cryptocurrency whose value is directly…
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. sources said on Wednesday. The move is…
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 for fighting inflation, central bank Governor Jiri…
India indicates readiness to release more oil reserves
By Nidhi Verma and Sethuraman N R New Delhi -India will take “appropriate” steps to calm the rise in oil prices, triggered by Russia’s invasion of Ukraine, the junior oil minister said…
Russia to use yuan from its forex reserves, finance minister says
– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the reserves, Finance Minister Anton Siluanov said on…
Russian central bank reserves: what are they made of?
LONDON – Major Western economies have launched moves to exclude Russian banks from the main global payments system while imposing curbs on Russia’s central bank to undermine its ability to support the…
Japan says it will deal with oil release from reserves in cooperation with IEA, other nations
TOKYO – Japan said on Friday it will appropriately deal with oil release from national reserves in cooperation with the International Energy Agency and relevant countries, after Russia’s attack on Ukraine fueled…
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