The first element is the exchange rate. “Typically, banks trade foreign exchange with each other at what is called the ...

The interbank lending rate has an influence on the cost of borrowing for consumers as it determines part of a lender’s ...

Announcement of the Central Parity Rates of the RMB Exchange Rate Authorized by the China Foreign Exchange Trade System on April 24, 2025 ...

The bankers reckon that the current model has failed to take the cue from monetary policy actions like cuts on the benchmark ...

The Indian rupee gained 12 paise against the US dollar, closing at 85.33 due to a weaker dollar, lower crude oil prices, and ...

As Landbridge faces serious solvency issues in China, the most pressing risk threatening the port is a financial one.

The Opal, a mixed-income community, celebrates its grand opening on Thursday, April 17, 2025. The affordable housing property ...

The Central Bank of Egypt (CBE) announced that the total value of interbank payments in local currency processed through the ...

KARACHI: Kibor interbank offered rates on Monday (April 21, 2025). ===== KIBOR ===== Tenor BID OFFER ===== 1-Week 11.93 12.43 2-Week ...

A gauge of the offshore yuan’s borrowing cost in Hong Kong dropped to the lowest since data became available in 2013, putting ...

Ghana's local currency, the cedi, has recorded marginal gains against major trading currencies, particularly the US dollar, ...