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At G20 Meeting, US Calls For Increased Economic Aid To Ukraine
US Treasury Secretary Janet Yellen stepped up calls on Thursday for increased financing support to Ukraine to help it battle the year-old Russian invasion as the United States readies an additional $10 billion in economic assistance in coming weeks.
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Rupee Flat At 82.75 A Dollar As RBI Steps In To Limit Any Sharp Losses
The rupee ended flat against the king dollar, even as Treasury yields rose as the Reserve Bank of India stepped in and limited any sharp losses.
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Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation
Australia’s Treasury, or Department of the Treasury, "token mapping", or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate. The government is preparing for the virtual stocktake of the country's cryptocurrency holdings before it regulates the $1 tril...
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India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
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After 34 Years, Puri Jagannath Temple Treasury To Be Opened For Inspection
This dark room laden with treasure has remained shut since 1984. Someone entering it now will need an oxygen cylinder. For 34 years, the door of the ratna bhandar or treasury of the 12th century Jagannath temple in Puri, has not seen light. But tomorrow, 10 people will unlock the room and step inside to check its structural integrity under c...
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US Sanctions Two North Korean Officials Over Missile Program
The United States on Tuesday announced sanctions on two North Korean officials for their roles in developing the country's ballistic missiles, the latest step in a campaign to press Pyongyang to give up its nuclear and missile programs.
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Kerala's Big Cash Crunch: ATMs, Salaries and Pensions Are Hit
The cash crisis has returned to haunt Kerala, threatening to disrupt withdrawal of salary and pensions by government employees across the state. The Kerala government on Tuesday declared that the state treasury had the money but not the currency notes that people needed. If the central bank does not step in, Finance Minister TM Thomas Isaac warned,...
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The Untold Story Behind Saudi Arabia's 41-Year US Debt Secret
It was July 1974. A steady predawn drizzle had given way to overcast skies when William Simon, newly appointed U.S. Treasury secretary, and his deputy, Gerry Parsky, stepped onto an 8 a.m. flight from Andrews Air Force Base. On board, the mood was tense. That year, the oil crisis had hit home.
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British Treasury Warns Leaving EU Would Cause Recession
Leaving the European Union would tip Britain into a "year-long recession", finance minister George Osborne warned today as campaigning stepped up a month from a referendum on membership of the bloc.
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US President Barack Obama Praises Treasury Steps To Deter 'Tax Inversions'
President Barack Obama on Tuesday promoted federal steps to deter a corporate financial practice known as "tax inversions" and called on Congress to close "one of the most insidious tax loopholes out there," saying it short-changes the country.
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Timothy Geithner: Suggested Hillary Clinton as Possible Successor
Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible successor.
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RBI bars foreign investors from short-term local debt
The steps had been expected given RBI officials have expressed concern that foreign institutional investors (FIIs) are excessively invested in treasury bills, creating concerns about the sturdiness of these flows.
-
Federal Reserve tapers by $10 billion: what experts say
The Federal Reserve started its long-awaited reduction in stimulus, cutting its monthly purchases to $75 billion a month, saying it expects to keep reducing asset buys in "measured steps" if economic figures continue to improve.
-
Raghuram Rajan effect, NDF market crackdown helping rupee stabilise: experts
Various steps taken by the recently-appointed Reserve Bank of India (RBI) Governor, Raghuram Rajan, and the reported crackdown on speculative trading in the non-deliverable forwards (NDF) market by the government brought stability to the foreign exchange market last week, according to analysts and treasury heads.
-
China gives currency more freedom with new reform
China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar.
-
At G20 Meeting, US Calls For Increased Economic Aid To Ukraine
US Treasury Secretary Janet Yellen stepped up calls on Thursday for increased financing support to Ukraine to help it battle the year-old Russian invasion as the United States readies an additional $10 billion in economic assistance in coming weeks.
-
Rupee Flat At 82.75 A Dollar As RBI Steps In To Limit Any Sharp Losses
The rupee ended flat against the king dollar, even as Treasury yields rose as the Reserve Bank of India stepped in and limited any sharp losses.
-
Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation
Australia’s Treasury, or Department of the Treasury, "token mapping", or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate. The government is preparing for the virtual stocktake of the country's cryptocurrency holdings before it regulates the $1 tril...
-
India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
-
After 34 Years, Puri Jagannath Temple Treasury To Be Opened For Inspection
This dark room laden with treasure has remained shut since 1984. Someone entering it now will need an oxygen cylinder. For 34 years, the door of the ratna bhandar or treasury of the 12th century Jagannath temple in Puri, has not seen light. But tomorrow, 10 people will unlock the room and step inside to check its structural integrity under c...
-
US Sanctions Two North Korean Officials Over Missile Program
The United States on Tuesday announced sanctions on two North Korean officials for their roles in developing the country's ballistic missiles, the latest step in a campaign to press Pyongyang to give up its nuclear and missile programs.
-
Kerala's Big Cash Crunch: ATMs, Salaries and Pensions Are Hit
The cash crisis has returned to haunt Kerala, threatening to disrupt withdrawal of salary and pensions by government employees across the state. The Kerala government on Tuesday declared that the state treasury had the money but not the currency notes that people needed. If the central bank does not step in, Finance Minister TM Thomas Isaac warned,...
-
The Untold Story Behind Saudi Arabia's 41-Year US Debt Secret
It was July 1974. A steady predawn drizzle had given way to overcast skies when William Simon, newly appointed U.S. Treasury secretary, and his deputy, Gerry Parsky, stepped onto an 8 a.m. flight from Andrews Air Force Base. On board, the mood was tense. That year, the oil crisis had hit home.
-
British Treasury Warns Leaving EU Would Cause Recession
Leaving the European Union would tip Britain into a "year-long recession", finance minister George Osborne warned today as campaigning stepped up a month from a referendum on membership of the bloc.
-
US President Barack Obama Praises Treasury Steps To Deter 'Tax Inversions'
President Barack Obama on Tuesday promoted federal steps to deter a corporate financial practice known as "tax inversions" and called on Congress to close "one of the most insidious tax loopholes out there," saying it short-changes the country.
-
Timothy Geithner: Suggested Hillary Clinton as Possible Successor
Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible successor.
-
RBI bars foreign investors from short-term local debt
The steps had been expected given RBI officials have expressed concern that foreign institutional investors (FIIs) are excessively invested in treasury bills, creating concerns about the sturdiness of these flows.
-
Federal Reserve tapers by $10 billion: what experts say
The Federal Reserve started its long-awaited reduction in stimulus, cutting its monthly purchases to $75 billion a month, saying it expects to keep reducing asset buys in "measured steps" if economic figures continue to improve.
-
Raghuram Rajan effect, NDF market crackdown helping rupee stabilise: experts
Various steps taken by the recently-appointed Reserve Bank of India (RBI) Governor, Raghuram Rajan, and the reported crackdown on speculative trading in the non-deliverable forwards (NDF) market by the government brought stability to the foreign exchange market last week, according to analysts and treasury heads.
-
China gives currency more freedom with new reform
China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar.
