Japanese Finance Minister Shunichi Suzuki declined to comment on remarks by an IMF official about currency intervention. He stated that the recent declines in the yen are driven by fundamentals and do not warrant intervention. The IMF considers intervention justified only in certain conditions, which currently do not exist. Japan bought yen last year...
Read MoreVladimir Putin visits ‘Dear Friend’ Xi Jinping in China: All you want to know
Read MoreKarur Vysya Bank has declared that J Natarajan, its President and Chief Operating Officer and Key Managerial Personnel, has been reassigned to the role of President. In this new capacity, he will oversee the business verticals related to commercial and corporate lending, as well as special projects, including consumer banking. This change will be...
Read MoreArtificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute’s global pensions report said on Tuesday, with the Netherlands in top spot in this year’s index. Additional uses for AI could include building customised portfolios and identifying market anomalies, although AI was unlikely to be able to...
Read MoreAuto giant Ford’s executive chairman called on striking workers Monday to end their month-long stoppage, warning of major economic impact if it continues. He called on UAW workers to “come together to bring an end to this acrimonious round of talks.”
Read MoreHowever, a couple of months back, Esha had organised a special screening of Gadar 2 for her close friends and family. Sunny and Bobby not only arrived for the same, but also posed with Esha. This was reportedly the first time that Dharmendra’s four children made a public appearance together. However, Sunny and Bobby...
Read MoreThe Israeli Air Force has targeted Hezbollah’s “terror targets and military infrastructure” in Lebanon in response to gunfire towards Israel. The Israeli Defence Force retaliated with artillery fire after military posts on the Lebanon border came under gunfire. No casualties were reported. The Israeli Air Force also announced the killing of Osama Mazini, the...
Read MoreConsumption of diesel, the most consumed fuel in the country, accounting for about two-fifths of the demand, dropped to 2.99 million tonnes during October 1 to 15 from 3.09 million tonnes a year back. Month-on-month sales were, however, up 9.6 per cent when compared with 2.73 million tonnes in the first half of September.
Read MoreChina’s Belt and Road Initiative (BRI) is set to become smaller and greener as the country seeks to address concerns over debt and the environment. The BRI, which aims to boost trade and deepen China’s global relations, has led to the construction of major infrastructure projects worldwide. However, the initiative has also resulted in...
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