The Indian government is reportedly moving closer to a scheme to make some oil payments to Iran in rupees in a bid meant to avoid US economic sanctions.
India preparing to pay in rupees for Iran oil
China's central bank said it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.
China cuts some banks' reserve requirements to boost lending
Asian shares fell on Monday on escalating trade tensions between the United States and major economies while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production.
Global markets: Asian shares slip on trade worries, oil gives up some gains
The amount of payments made electronically in South Korea continued to rally in the first quarter of this year as a growing number of people are using mobile shopping and remittance services, central bank data showed on Monday.
Electronic payments in South Korea rally in Q1
Afghanistan has called on the US administration to exempt Iran's southeastern port city of Chabahar from a new wave of economic sanctions against the Islamic Republic.
Afghanistan wants Iran's Chabahar port exempted from US sanctions
The Islamic Republic's demands have been satisfied in the recent meeting of the Organization of the Petroleum Exporting Countries (OPEC), said Iran's former OPEC governor.
Iran's demands met in OPEC meeting: Ex-envoy
After a rousing rally in the spring, the economy is back on track for a heady year of growth that could come tantalizingly close to an elusive mark last achieved in 2005.
The US economy might hit this milestone for the first time in 11 years
South Korea's fiscal spending was found to make less contribution to narrowing income inequality compared with other members of the Organization for Economic Cooperation and Development (OECD) in 2015, data showed on Sunday.
South Korea's fiscal contribution to income distribution among lowest in 2015
The US economy is bounding along but economic forecaster Lakshman Achuthan sees evidence of a global slowdown in an unlikely place: Demand for cow hides.
Top economy watcher: A spike in oil and copper prices hiding what could be a slowdown
British Chancellor of the Exchequer Philip Hammond has spent many idle moments thinking about who should succeed Bank of England governor Mark Carney. How, the chancellor asks himself, can he repeat the stunning, rabbit-out-of-a-hat moment when No 11’s previous incumbent, George Osborne, said in 2013 that the Canadian central banker who was heading the global post-crash clean-up operation was coming to help Britain’s recovery?
After Brexit, BoE will have new boss and new problems

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