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1 min read

Russian banks say they're run out of yuan as Chinese firms pull away from the nation

Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…

Jennifer Sor   


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3 mins read

Russia's defense sector is running on overdrive — but firms are warning of bankruptcy

Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…

Thibault Spirlet   


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7 mins read

Millennials are hoarding cash. That could hurt them in the long run.

Millennials are holding onto a lot of cash instead of investing that money in the stock market. Tha…

Callie Cox   


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4 mins read

Republicans are mobilizing expat votes for Trump in Israel, hoping to tip the scale in battleground states

Republicans in Israel are targeting the country's American expat community—the world's fourth-large…

Joshua Nelken-Zitser   


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3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

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9 mins read

The 2024 presidential election may come down to swing states' results. Here's where Trump and Harris lead in the polls.

Election results in the swing states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsyl…

John L. Dorman,Kelsey Vlamis   


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3 mins read

RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets

The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…

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2 mins read

Markets end FY24 on buoyant note amid positive global cues

The NSE Nifty climbed 203.25 points or 0.92 per cent to end at 22,326.90. In the 2023-24 fin…

PTI   


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2 mins read

Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze

Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…

Huileng Tan   


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1 min read

Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan

Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…

Filip De Mott   


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2 mins read

Americans running out of unemployment benefits and part-time jobs at record levels point to a recession coming, economist says

Part-time gig workers are making the job market appear stronger than it actually is, according to D…

Jennifer Sor   


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2 mins read

Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack

The issues are being faced for the last two days after the discovery of a breach of the system…

PTI   


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4 mins read

On the right track — Economic Survey 2023-24 outlines India’s commendable climate action

India's Economic Survey 2023-24 showcases remarkable progress in combating climate change and promo…

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2 mins read

Ex-Georgia Senate candidate Herschel Walker still has $4 million left in the bank from his unsuccessful 2022 run. Republicans aren't happy about it.

Walker — weighed down by numerous controversies — lost to Democratic Sen. Raphael Warnock in a comp…

John L. Dorman   


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2 mins read

Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says

The US Treasury and State Department recently announced fresh restrictions against 400 people and e…

Huileng Tan   


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1 min read

China's state-run banks are swapping dollars for yuan as officials tell them to intervene in currency markets

Chinese authorities reportedly told state-run banks to intervene in currency markets this week to l…

Phil Rosen   


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2 mins read

Jammu and Kashmir's maiden human milk bank to be ready in Jammu's govt hospital by year-end

The first ever Comprehensive Lactation Management Centre (CLMC), commonly known as human milk bank,…

PTI   


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1 min read

China's state-run banks cut deposit rates to stimulate sluggish economic growth

Lowered deposit rates will eventually lead to an easing in lending rates, prompting more Chinese co…

Filip De Mott   


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3 mins read

RFK Jr.'s campaign is almost broke and giving $1 million back to his running mate Nicole Shanahan

Robert F. Kennedy Jr.'s long shot campaign was already burning through cash when it made a costly r…

Brent D. Griffiths,Alice Teco…   


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2 mins read

Market cap of BSE-listed firms hit all-time high of Rs 438.41 lakh crore

NTPC, JSW Steel, Tata Motors, Infosys, Tata Consultancy Services, Kotak Mahindra Bank and Bharti Ai…

PTI