Sources say the Modi government has become uncomfortable with using yuan for settlement, while refining sources said settlement in yuan also increases Indian traders' costs
Gary Gensler said it was 'nearly unavoidable’ that the next financial crash would be sparked by an AI model being used somewhere in the banking system
Investors were in a positive frame of mind thanks to strong economic signs from the US even as the situation in Gaza darkened
With nearly $11 billion of offshore bonds and $6 billion of offshore loans, a default by Country Garden would set the stage for one of China's biggest corporate debt restructurings
The PBOC said it is pumping $39.5 billion of fresh liquidity into the banking system, the biggest net injection of its kind in nearly three years
A flash flood caused by the collapse of a glacial lake in Sikkim state has led to realization that India needs to monitor over 50 lakes in the Himalayas at risk of collapse because of global warming
Foreign exchange reserves across the region have taken a hit as central banks grapple with strong greenback and China's defence of its yuan
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.