China's Central Bank Drains 40 Bn Yuan from Market
The China's central bank
Beijing - QNA
The China's central bank on Sunday allowed 40 billion yuan about (6.1 billion US dollars) to drain from the market.
The People's Bank of China (PBOC) put 70 billion yuan into seven-day reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future.
The reverse repos were priced to yield 2.25%, according to a PBOC statement.
Reverse repos worth 110 billion yuan matured on Sunday, so the central bank has effectively drained 40 billion yuan from the market, according to China's (Xinhua) News Agency.
On Sunday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor) was 2%.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEO
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 18:41 2018 Sunday ,21 January
Jordan urges Pence to rebuild trust after Jerusalem pivot
GMT 09:45 2018 Friday ,19 January
Syria threatens to 'destroy' Turkish warplanes
GMT 06:42 2014 Monday ,03 March
Host\'s star-studded Oscars \'selfie\' sets Twitter ablaze
GMT 10:29 2014 Thursday ,11 September
Bahrain king receives Amr MoussaGMT 13:56 2011 Tuesday ,07 June
Jordan\'s new FIFA VP seeks to address hijab ban
GMT 23:38 2017 Saturday ,30 September
Goals of International Sports and LeisureGMT 13:20 2011 Saturday ,07 May
Libya\'s third largest city might amount to a war crimeGMT 12:32 2012 Monday ,05 March
World famous artists to perform at 9th Abu Dhabi Festival
GMT 11:21 2016 Monday ,08 February
Germany shuts down German arm of Canada's Maple Bank
GMT 17:30 2016 Monday ,01 February
2m square meters allocated for Russian industrial zone in Egypt
GMT 03:24 2015 Friday ,17 April
Chinese journalist Gao Yu, 71, jailed for 7 years
GMT 09:10 2015 Wednesday ,24 June
France summons US ambassador over spying claims
GMT 10:50 2017 Thursday ,04 May
World’s largest ICONS Coffee Couture to open in Dammam
GMT 02:47 2016 Tuesday ,06 December
Saudi delegation visits media institutions in Abu Dhabi
GMT 13:06 2014 Sunday ,02 November
More daylight means more active, healthier kids
GMT 02:41 2016 Wednesday ,29 June
NASA tests deep space rocket booster
GMT 13:43 2017 Thursday ,08 June
Egyptian Commercial Services signed export contracts with Erbil
GMT 12:16 2015 Friday ,09 October
Blue skies, frozen water detected on Pluto
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor