Monetary policy review: Bank rate lowered by one percentage point
Kathmandu, May 12 : Nepal Rastra Bank (NRB) has reduced the bank rate by a percentage point. The central bank made this decrement through the third trimester review of the…
Int’l meet on financing for Nepal kicks off, PM pledges to strengthen investment climate
Kathmandu, May 12 : The International Conference on Financing for Nepal, 2023 kicked off here today, aiming to exploring investment sources and opportunities for the country's overall economic development. Prime…
China urges EU ‘not to set bad precedent’ after reported EU plans to sanction Chinese firms for alleged cooperation with Russia
China urges the EU to cherish the overall situation of China-EU mutual trust and cooperation, act prudently and not set a bad precedent, a spokesperson of the Ministry of Commerce…
Will US debt ceiling deadlock push capital to yuan market?
Every few years, there is a bipartisan political farce over the debt ceiling negotiations in the US. It may look like a routine political drama, but quantitative change can lead…
Pakistan may buy Russian crude with yuan as internationalization advances: report
Pakistan may using the yuan to buy a shipment of Russian crude, another example of international markets' moves to replace the US dollar in bulk commodity transactions as a result…
China-Australia economic and trade relations are facing an important window period: Chinese Ambassador
China-Australia economic and trade relations are facing an important window period. The two sides have important consensus on jointly maintaining the positive momentum of bilateral relations, Chinese Ambassador to Australia…
New-energy cooperation tests EU policy stance toward China
While the introduction of industrial subsidies in the US and European countries has significantly accelerated the global competition on green sectors, the EU's need to speed up its energy transition…
Economic problems will be resolved through monetary policy: Finance Minister Mahat
Kathmandu, May 7 : Finance Minister Dr Prakash Sharan Mahat has said the current economic problems could be resolved through the monetary policy instead of the fiscal policy. Initiatives would…
China’s Caixin services PMI hits 56.4 in April, marking second-highest since December 2020
China’s private Caixin services purchasing managers' index (PMI) stood at 56.4 in April, the fourth consecutive monthly expansion which observers said mirrored a reinvigorated services economy fueled by a quick…
US-led mineral ‘decoupling’ has huge environmental costs
In addition to pursuing a "decoupling" push from China in terms of the high-tech sphere, the US and its allies have advanced the formation of a Western buyers' club for…