CSA with China becomes operational

KARACHI: The State Bank of Pakistan (SBP) has announced that a currency swap arrangement (CSA) with China has begun from Wednesday and the first auction will be conducted on June 4. The SBP said that in order to provide sufficient lead time for ...

The People's Bank of China (PBOC) signed a bilateral currency swap agreement on Tuesday with the central bank of Brazil to strengthen economic ties and avert financial risks. The agreement, which is expected to alleviate over-reliance on U.S.

The derailing of the Malaysia people swap deal is not a valid excuse for the Gillard government to blame everyone else for asylum seeker deaths and change nothing. Neither is the Abbott opposition's unrealistic adherence to a turn-back-the-boats ...

The fifth Brics summit in Durban has brought to fore inherent contradictions in the politic-economic alliance. The five emerging markets consisting of more than one-third of the world population, however, made a generous attempt to seem ...

Australian Prime Minister Julia Gillard has just completed a five-day trip to China that concluded a currency swap agreement and a strategic partnership deal that have been hailed in the Australian media as a strengthening of bilateral ties. The ...

BRICS members China and Brazil yesterday agreed a deal allowing them to trade the equivalent of up to US$30 billion per year in their own currencies, moving to take almost half of their trade exchanges out of the US dollar zone. The agreement, due ...

Opening Keynote by Minister Lim Hng Kiang at Deutsche Bank Access Asia on 20 May 2013 Distinguished guests, Ladies and gentlemen, 1. A very good morning to all of you. It is my pleasure to join you at Deutsche Bank's Access Asia Conference 2013. 2.

Whether it is wine from the Golan Heights, pretzels from Ariel or cosmetics from the Dead Sea, the European Union is targeting goods produced beyond the Green Line. In December, the EU's Foreign Affairs Council reiterated its commitment to ensure ...

(African Banker Via Acquire Media NewsEdge) INTERNATIONAL BIO's first investment in Mozambique BIO (the Belgian Investment Company for Developing Countries) has granted a $15m senior loan to Mozambique's Banco Comercial e de Investimentos (BCI). The ...