On Wednesday, India announced its decision to permit 100% foreign direct investment (FDI) in satellite system manufacturing without prior approval. Additionally, the country will relax launch…
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With the annual meeting of China’s parliament looming next month, its leaders face unprecedented pressure to make decisive policy choices. These decisions must not only address…
In Asian trade on Wednesday, oil prices rebounded as concerns about attacks on ships in the Red Sea emerged. Simultaneously, growing expectations of delayed interest rate…
On Tuesday, China announced its largest-ever reduction in the benchmark mortgage rate. Authorities took this step to support the country’s struggling property market and economy. The…
At the end of last year, Japan unexpectedly entered a recession. It lost its position as the world’s third-largest economy to Germany. This development raised questions…
On Tuesday, oil prices experienced a slight increase due to concerns about potential disruptions in the Middle East that could affect the oil supply. However, gains…
On Tuesday, a workers’ union reported that ANZ Group (ANZ.AX), Australia’s fourth-largest bank, has announced plans to cut 170 jobs at its commercial banking operations. Australian…
Islamic banking is a banking system that operates according to the principles of Islamic law, also known as Shariah. The primary difference between Islamic banking and…
On Monday, Paytm (PAYT.NS) confirmed media reports regarding the resignation of an independent director at its banking arm. The Indian fintech company acknowledged the departure at its banking…
On Monday, New Zealand’s top central banker asserted that the inflation challenge persists. He pointed to broad financial pressures as the reason for maintaining a “restrictive…