U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance director of VTB, Russia's ... ( read original story ...)
China’s central bank puts the yuan’s exchange-rate swings in crosshairs
A stable exchange rate plays a key role in China’s position as a major importer and exporter, but the yuan has come under heavy pressure from the US dollar. ( read original story ...)
RBI imposes penalty of Rs 29.60 lakh on HSBC Bank for not following directions on credit, debit cards
This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 ... ( read original story ...)
Hong Kong’s IPO proceeds plunge to 2-decade low, pushing city down the global rankings
Shanghai’s stock exchange ranked 15th with nine IPOs raising US$1.3 billion while the Shanghai Star Market, which topped the table this time last year, fell to 20th spot with just six new listings ... ( read original story ...)
A Closer Look at the 0.9% Drop in Shanghai Composite Index: What Does It Mean for Investors?
The Shanghai Composite Index, one of China's major stock market benchmarks, experienced a significant 0.9% decline in its recent trading session. This downtrend was mirrored by over 4,700 stocks ... ( read original story ...)
Chinese money flows into bonds even as central bank warns of risks
China's treasury futures leapt to fresh highs on Thursday, while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated warnings about risk ... ( read original story ...)
Some Chinese property developers could be dropped from Stock Connect market access scheme
Based on the rules set by the Shanghai and Shenzhen bourses, any stock on the small-cap gauge will be kicked out of the cross-border investment scheme, should their average month-end market value fall ... ( read original story ...)