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The move highlights the RBI’s effort to balance growth with currency stability as India faces the highest US tariffs in Asia[MUMBAI] India’s central bank has started a fresh round of foreign exchange swaps that shore up liquidity, according to sources familiar with the development, as its recent currency interventions drain cash from the banking system. Over the past week, the Reserve Bank of India (RBI) has swapped US dollars for rupees to inject cash, the sources said, asking not to be named as they are not authorised to speak publicly. The swaps, which are largely of an 18-month tenure, will…
MUMBAI :Cryptocurrency exchange Coinbase Global said on Wednesday it had made an investment in CoinDCX, which the Indian crypto exchange said values it at a post-money valuation of $2.45 billion. Coinbase Global’s investment follows multiple rounds of investment in the Indian exchange by the firm’s venture capital arm, Coinbase Ventures. In April 2022, Coinbase Ventures participated in a $135 million fundraise for CoinDCX, which had valued the firm at $2.15 billion post-money. As of July 2025, CoinDCX’s annualized group revenue stood at about $141 million, while its overall assets under custody were at $1.2 billion. “We believe India and its…
Net proceeds will be used to refinance existing borrowings due to mature in 2026 and 2027[SINGAPORE] The managers of Stoneweg Europe Stapled Trust (Sert) on Wednesday (Oct 15) announced that it has issued its second green bond in 2025 under its 1.5 billion euro medium-term note programme.The 300 million euro (S$452 million) bond will mature on Feb 22, 2033. It will have a coupon rate of 4.125 per cent, with a re-offer yield of 4.203 per cent, and maturity of 7.3 years.The deal comes days after Fitch Ratings upgraded the stapled trust’s long-term issuer default rating to “BBB”, from “BBB-”.…
The government does not currently have control of Britain’s borders, the home secretary will admit in a speech today.Shabana Mahmood is hosting counterparts from the Western Balkans and other European allies in London, and will demand greater international co-operation to tackle small boat crossings. Politics Hub: Follow latest updatesThe summit is designed to ensure nations on the continent strike new deals to tackle illegal migration, following Britain’s “one in, one out” agreement with France signed earlier this year.Calling for a “joined-up” response to the challenge, Ms Mahmood will say “coming together as we are today […] will make all of…
While CNMC Goldmine could fall back down in the near term, it may soar about 40% by Q2 2026[SINGAPORE] At the turn of the year, one share of CNMC Goldmine was worth S$0.25. Just over 10 months in, it has surged more than 400 per cent to S$1.28.Its fortunes have shined as investors flocked to gold as a safe haven amid geopolitical volatility and economic uncertainty. The price of the precious metal crossed the mythical US$4,000 barrier on Oct 8, and hit a new high of US$4,186.25 an ounce on Wednesday (Oct 15). Year to date, it has notched a…
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 26 per cent in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late US tax-credit rush, market research firm Rho Motion said on Wednesday.China accounted for about two-thirds of global sales with about 1.3 million units, while North America also hit a record as US buyers moved to secure incentives before they expired, said Rho Motion data manager Charles Lester.Why it’s importantChina is the world’s biggest car market and accounts for more than half of global EV sales, which…
In partnership with GOAL.comCristiano Ronaldo has broken yet another record as the Portuguese legend made World Cup qualifying history with a first-half brace in a 2-2 draw with Hungary on Tuesday. Attila Szalai gave Hungary an early lead in the eighth minute of their match but Ronaldo brought his side back in the game with an equaliser in the 22nd minute before handing the Selecao the lead on the stroke of half-time.Portugal denied World Cup berth despite Ronaldo heroicsPortugal were on track to book a place at the World Cup next year as they had to come from behind against…
NEW YORK :Citigroup CEO Jane Fraser said the company’s use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers. Almost 180,000 of the bank’s employees in 83 countries have access to Citi’s internal AI tools, she told analysts on an earnings call on Tuesday.
“First-class” retirement income systems that are robust, sustainable, deliver good benefits and have a high level of integrity get an A from Mercer[SINGAPORE] Singapore’s Central Provident Fund (CPF) has become the first in the Asia-Pacific to earn an A rating in an annual global ranking of pension systemsCPF climbed from a B+ in 2023 and 2024 to join the Netherlands, Iceland, Denmark and Israel in the A-league of the 2025 Mercer CFA Institute Global Pension Index. This is the first time CPF attained an A in the index’s 17 years.“First-class” retirement income systems that are robust, sustainable, deliver good benefits…
Pedestrians pass a Huawei Technologies Co. flagship store in Shenzhen, China, on Wednesday, Oct. 8, 2025. Qilai Shen | Bloomberg | Getty ImagesChina’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment.The consumer price index fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, a sharper decline than economists’ forecast of 0.2% slide, although easing from the 0.4% drop in August.Prices ticked up 0.1% month-on-month, a smaller than expected recovery compared to…