Indian firms turn to cross-currency swaps
Indian companies are increasingly utilising cross-currency swaps to convert a portion of their rupee-denominated…
Turkish banks shift Russia-related transactions to local bank
Almost all Turkish banks are withdrawing from handling transactions related to Russia and Belarus, opting to…
Sterling hits two-year high on Thursday
The pound sterling surged to its highest level in over two years against the dollar on Thursday, reaching $1.33 for…
Indian rupee strengthens after Fed rate cut
The Indian rupee reached its highest level in over six weeks on Thursday, following the Fed’s decision to cut…
Cambodia’s garment workers get $2 monthly raise
Cambodia announced on Thursday a new monthly minimum wage of $208 for workers in the garment, footwear, and travel…
EGP closes high vs. USD on Thursday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Turkish central bank keeps interest rate at 50%
The Turkish Central Bank decided on Thursday to keep its policy rate steady at 50 per cent, citing a stable…
Egypt registers 18,375 carbon certificates in voluntary market
The Financial Regulatory Authority (FRA) has registered 18,375 carbon certificates in its voluntary carbon market…
Malaysia’s exports surge 12.1% YoY in August ’24
Malaysia's exports surged by 12.1 per cent year-on-year in August, reaching 129.16 billion ringgits (approximately…
Spain pushes for stronger EU-China partnership on EV
Spain’s Industry Minister Jordi Hereu emphasised the need for China as a "strategic partner" in building Europe’s…
