Reserves

China’s central bank adds more gold to its reserves in March
China’s central bank adds more gold to its reserves in March
April 8, 2024
CHINA’S central bank added 160,000 troy ounces of gold to its reserves in March, it said, in line with the market view that persistent official sector demand had supported...
India central bank keen to build up record high FX reserves
India central bank keen to build up record high FX reserves
March 27, 2024
INDIA’S central bank will keep building its forex reserves as it seeks to build larger buffers, and strong inflows into the country’s equity and debt markets give it an...
Best World International seeks to delist by selective capital reduction; shareholders requisition EGM on cash reserves, dividends, directors’ pay
Best World International seeks to delist by selective capital reduction; shareholders requisition EGM on cash reserves, dividends, directors’ pay
March 24, 2024
MAINBOARD-LISTED Best World International is looking to delist from the Singapore Exchange (SGX) by way of a selective capital reduction, citing the poor consumer sentiment and growth headwinds in...
US Federal Reserve’s Powell says balance sheet drawdown taper coming soon
US Federal Reserve’s Powell says balance sheet drawdown taper coming soon
March 20, 2024
THE Federal Reserve is nearing a decision on slowing the pace of its balance sheet run-off, central bank Chair Jerome Powell said on Wednesday, a tapering move that may allow...
China barred from buying US oil reserves in funding bill
China barred from buying US oil reserves in funding bill
March 3, 2024
CHINA would be barred from buying oil from the United States’s emergency stockpiles under a provision included in must-pass government funding legislation unveiled on Sunday (Feb 3). Republican critics...
Federal Reserve’s Bostic eyes two cuts amid expected uneven progress on inflation
Federal Reserve’s Bostic eyes two cuts amid expected uneven progress on inflation
February 16, 2024
FEDERAL Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he saw fewer interest rate cuts for 2024 in his last forecasts compared with his colleagues in...