A bond fund manager who correctly predicted that India’s central bank would introduce a US Federal Reserve style Operation Twist, now says that the nation needs more foreign capital to fund its record borrowing.
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati highlighted the country’s success in increasing its foreign exchange reserves and said they are at an unprecedented level in the past decade.
Representatives of about 80 Iranian companies held a meeting with their counterparts at a conference in Istanbul on Wednesday as part of a new push by Iran and Turkey to enhance their economic relations.
The South Korean economy expanded at the slowest pace in a decade in 2019, largely weighed down by an extended slump in outbound shipments amid a lengthy trade row between the United States and China, the central bank said Wednesday.
Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from the US amid the trade war, according to the Southeast Asian nation’s trade chief.