Yuan move is unlikely to cure US deficit woes The GuardianLondon, July 22: China’s long-awaited but small revaluation of its currency probably heralds the start of a series of revaluations but on its own will make little difference to the huge American trade deficit. Washington, which has been... 22 Jul, 2005
Stark reality A new monetary policy for the year 2005-06 is imminent. It is reported that the new policy aims to control inflation, boost investment, maintain macroeconomic stability and be more liberal. Accordingly, the central bank is likely to be a little tougher... 21 Jul, 2005
China revalues yuan, scraps peg Agence France PresseBeijing, July 21:China today revalued its currency for the first time in about a decade, scrapping the peg to the dollar in favour of a basket of currencies. The currency is now valued at 8.11 yuan to the US dollar compared to the... 21 Jul, 2005
Good news for depositors, travellers Gopal TiwariKathmandu, July 20:Nepal Rastra Bank (NRB) is all set to release monetary policy for fiscal year 2005-06 on Friday, for which work at warfooting is going on.The forthcoming monetary policy, which aims at controlling inflation and... 20 Jul, 2005
First exchange-traded bond fund in ASEAN Associated PressKuala Lumpur, July 18:Malaysia today launched its first bond fund on the stock exchange as part of an Asian scheme to augment underdeveloped capital markets. The exchange-traded fund is also the first of its kind in Southeast Asia and... 18 Jul, 2005
NRB Report : Inflation to cross 4.5pc mark Himalayan News ServiceKathmandu, July 14: Due to sharp rise in the prices of grains and cereal products along with housing goods and services, transport and communication, the national price index in point-to-point basis, increased by 6.4 per cent... 14 Jul, 2005
NIC bank ranks first Himalayan News ServiceKathmandu, July 13:Nepal Industrial & Commercial Bank (NIC-Bank) has been ranked number one by Nepal Rastra Bank (NRB), the central bank of the country, based on the result of an in-depth study of overall portfolio management of... 13 Jul, 2005
Ringside view Service delivery keyFinancial sector is emerging as a driving force for promoting economic activities and national growth. The momentum needs to be sustained over thel long-run by improving the sector’s management and service delivery. Reforms in... 12 Jul, 2005
Country calls Plan implementationProgrammes to recover investment that have been haunting financial institutions as bad loans and to invest money again in development by the financial sector should be introduced. Private banks should be encouraged to take a more... 12 Jul, 2005
BIZ BRIEFS ECB to hold ratesFRANKFURT: With the euro losing its momentum against the dollar, oil back at $60 a barrel and economic growth in Europe slowing, the European Central Bank (ECB) is facing louder and more frequent calls for a rate cut. — APAziz to... 07 Jul, 2005
Market needs realistic monetary policy Himalayan News ServiceKathmandu, July 5:On the eve of the release of monetary policy by the Nepal Rastra Bank (NRB) in about two weeks’ time, experts have stressed on the need to introduce an effective and workable monetary policy to maintain price... 05 Jul, 2005
S Korea to spur economy Agence France PresseSeoul, July 4:The South Korean government outlined new measures today to help spur an economic recovery in the face of concerns that high oil prices will continue to drag down growth. “Our economic policy will focus on easing... 04 Jul, 2005
