U.S. jobless claims fell in the latest week, declining 5,000 to a seasonally-adjusted 238,000 for the week ended June 15, data showed, suggesting a generally stable labor market

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

Alfa Bank has applied to the Chinese authorities to open offices in Beijing and Shanghai, according to the outlet

WASHINGTON – Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business would cheer: A global shift to lower interest rates that would make borrowing cheaper and loans more available across the board.

RIYADH: The foreign currency reserves and liquidity of the Qatar Central Bank soared by 3.96 percent year-on-year, reaching 249.165 billion riyals ($68.4 billion) in May 2024, compared to 239.664 billion riyals in the same period last year.

RIYADH: The International Islamic Trade Finance Corp., an autonomous entity within the Islamic Development Bank Group, dedicated $3.8 billion in 2023 to bolster member countries’ energy sectors.