global finance

New IMF executive director: Urjit Patel appointed for three-year term; succeeds Dr Krishnamurthy Subramanian

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Dr. Urjit Patel, former RBI governor, has been appointed as Executive Director at the International Monetary Fund for a three-year term, following central government approval. ...

China stablecoin shift: Beijing mulls yuan-backed tokens to push global adoption; plans major policy reversal

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China might permit yuan-backed stablecoins. This move aims to enhance the yuan’s global presence. The State Council will review a plan to compete with US ...

Asian markets stabilise as US bond yields retreat after tax-cutting budget clears key hurdle

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Asian markets rebounded following a volatile period, buoyed by receding US bond yields and optimism surrounding economic stability. Investors are closely monitoring the potential impact ...