China keeps up efforts to attract investors
China will make it easier for insurance companies to invest in domestic stocks, the latest in a string of measures aimed at bolstering market sentiment. China’s National Administration of Financial…
US government to face shutdown?
A potential US government shutdown at the end of September could heighten concerns about the economy later in the year and beyond, investors said. Current funding for most government programs…
Bank of China opens branch in Saudi Arabia
Bank of China (BOC), one of China’s four largest state-owned commercial banks, has opened its first branch in Riyadh, the capital of Saudi Arabia, to expand the use of the…
EU wants to tax Russian assets
European Union officials will begin meetings with member states this week to outline the bloc’s plan to impose a tax on profits from more than €200 billion ($215 billion) of…
Asian currencies suffer due to dollar
The renewed appreciation of the US dollar drove Asian currencies to multi-month lows and prompted authorities in Japan and China to step up protection of their weakened exchange rates. Japan…
Russian ambassador unveiled BRICS currency in a symbolic move
At a ceremony to celebrate the UAE admission to BRICS+ in South Africa, Russian ambassador gifted a symbolic BRICS currency to the UAE ambassador.