China's central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on August 28, its latest move to put a floor under the currency as a trade war with the United States grinds on.But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan's gains in the spot market.The People's Bank of China (PBOC) confirmed market suspicions on Friday by announcing it had started changing the way it calculates the mid-point earlier in August, a sign authorities are wary of letting the yuan weaken further after a record 10 straight weeks of losses.Close But market watchers say the yuan will come under ongoing depreciation pressure as the Sino-US trade battle deepens and China continues to ease policy to support its cooling economy. related news Hong Kong leader Lam heads for Beijing as pressure mounts at home Congressional panel ask Google, Apple if apps like TikTok disclose non-US ties US … [Read more...] about China raises yuan mid-point most in 15 months, spurs dollar buying
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Customs cooperation pact may conclude by ’19: BIMSTEC Secy Gen
Seven-membered regional grouping BIMSTEC expressed hope that the customs cooperation agreement, which is a trade facilitation initiative, among the member nations will be finalised by 2019.The grouping is also expected to conclude the agreement on trade in goods by 2020.Founded in 1997, BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional grouping comprising India, Bangladesh, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.Close The objective of the alliance is to harness shared and accelerated growth through mutual cooperation in different areas of common interests by utilising regional resources and geographical advantages. related news India joining RCEP will send signal its commitment to multilateral trading systems: Indonesia US thanks India for principled generosity in hosting Dalai Lama China, US agree on text of phase one trade deal to end trade war: Chinese official media The grouping accounts for 22 percent of the … [Read more...] about Customs cooperation pact may conclude by ’19: BIMSTEC Secy Gen
India vs West Indies 1st ODI preview: Where to watch, team news, possible XI and betting odds
Captain Virat Kohli along with his dynamic opening duo of Rohit Sharma and KL Rahul have been in imperious form off late as they showed in the T20I series where they tormented the West Indies attack. Now the lethal trio will train their guns once again on the Windies as the two sides square off in a three-match ODI rubber starting on December 15 in Chennai .The no. 2 ranked ODI squad on the ICC rankings will be looking for their 10th straight bilateral ODI series win against their Caribbean counterparts who are way down in the rankings on 9th spot.However, India will be wary of the weather playing spoilsport with rains hitting the MA Chidambaram Stadium in the last 24 hours.Close Where to watch: The match starts 1.30 PM IST. It will be broadcast live on Star Sports 1 and Star Sports 1 HD. Online viewers can catch the action on Hotstar. related news On the Ball podcast | IND vs WI ODI series preview: India way too strong for West Indies, will pick up a 3-0 … [Read more...] about India vs West Indies 1st ODI preview: Where to watch, team news, possible XI and betting odds
Congress trying to regain lost ground in Ladakh through divisive politics: BJP
A senior BJP leader from Ladakh on December 14 accused Congress of trying to regain the lost ground in the Union Territory through "divisive politics" by provoking the youth on "false pretext".Leh district president of BJP Dorje Angchuk claimed that Congress Rajya Sabha member Ambika Soni is trying to create a scare among the Ladakhis by predicting threat to their resources and rich cultural identity.Cautioning that situation in Ladakh may turn alarming, Soni on December 13 demanded inclusion of the Union Territory in the Sixth Schedule of the Constitution to protect its resources and rich cultural identity.Close "Till now Congress has been relying on the false promise of UT to lure the voters but failed to fulfil the promise despite being in power for decades and now that the BJP has met the aspiration of the people of Ladakh by making it a UT, which Congress opposed in the Parliament, it is now trying to divide the people by creating fear in their minds," Dorje said reacting to her … [Read more...] about Congress trying to regain lost ground in Ladakh through divisive politics: BJP
Arsenal vs Manchester City preview: Where to watch, predicted starting XI, team news and betting odds
Arsenal ended their nine-game winless run last weekend when they beat West Ham 3-1, but the Gunners under interim boss Freddie Ljungberg will face their sternest test yet as reigning champions Manchester City come knocking at the Emirates stadium on December 15.The North London club sacked coach Unai Emery on November 29 due to a poor run of results with club legend and assistant coach Ljungberg taking over the reins. However, the club haven’t really enjoyed a great start to life in the post-Emery era picking up just four points from the next three Premier League games.Where to watch: The match will be beamed live on Star Sports Select 1 and Star Sports Select 1 HD and will begin at 10:00 PM on December 15. Online users can catch the action live on Hotstar.Close While the 3-1 win at West Ham provided hope of a change of fortunes for the Gunners, a 2-2 draw which followed in the Europa League against Standard Liege showed there is still a lot of work to be done with this squad. … [Read more...] about Arsenal vs Manchester City preview: Where to watch, predicted starting XI, team news and betting odds