New bank loans in China surged more than expected to a record high in January as the central bank moved to shore up a patchy ...

Countries like Malaysia and Thailand have expressed interest in joining BRICS, seen as a counterweight to the West, in recent ...

The People’s Bank of China said it will adjust the pace and intensity of its policymaking based on economic and financial ...

The consistent appreciation of the exchange value of the naira has sent a shockwave through the foreign exchange (FX) market, especially among the parallel segment traders who are wary of being ...

The renminbi remained under pressure last week after the US imposed new tariffs on Chinese goods, risking a prolonged trade ...

US and EU Response: The stability in China’s currency could influence the stance of US and European trade policymakers. While ...

The recent BRICS Summit, held in Kazan, Russia, from October 22 to 24, 2024, focused on promoting currency cooperation and exploring alternatives to the dollar. Through initiatives like enabling trade ...

These other assets can include: Gold Special drawing rights (SDRs) Reserve positions in the IMF However, foreign currency is the most abundant asset in most foreign reserves, and most nations hold ...

Your guide to what the 2024 US election means for Washington and the world The US Federal Reserve is on a collision course with Donald Trump, economists say, with the central bank set to keep ...

which measures the US currency against six rivals the yen and the euro, rose 0.13 percent to 107.94, after dropping to its lowest level since mid-December on Monday at 107.68. The Federal Reserve ...

Global re/insurer Everest Group, Ltd. has revealed that it expects to record full year 2024 net income of between $1.3 billion and $1.4 billion, despite total reserve strengthening across the business ...

Copyright 2025 The Associated Press. All Rights Reserved. The Marriner S. Eccles Federal Reserve Board Building in Washington, Nov. 18, 2024. (AP Photo/Jose Luis ...