Safe

Biden says US banking system is 'safe' after Silicon Valley Bank collapse

The president's early morning comments came after US bank regulators spent the weekend working on a plan to shore up the public's confidence in the soundness of the financial system and limit spillover effects following the closing of the Silicon Valley Bank last week.

BSE CEO Ashishkumar Chauhan is new chairman of SAFE

The forum provides the countries a platform to share, exchange and promote the technologies, experiences for the rapid growth and development of capital markets and works towards the regional as well as global integration.

'Making monetary policy neutral will help supply-side reforms'

China's monetary policy is prudent and neutral and the central bank has many tools at its disposal, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said at a news conference on the sidelines of the annual parliament session in Beijing.

China shuts down $7.3 bn illegal forex operation

The State Administration of Foreign Exchange (SAFE) said in a statement yesterday that it had investigated six companies suspected of illegal forex transfers in the southern city of Shenzhen.

China FX regulator says strengthening supervision of forex mkt

Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment.

China forex reserves fall for 6th mnth in Dec, near $3 trillion

China's foreign exchange reserves fell to near six-year lows in December, but held just above the critical USD3 trillion level, as authorities stepped in to support the weakening yuan ahead of US President-elect Donald Trump's inauguration.

China to intensify crackdown on forex irregularities - regulator

China will intensify efforts in 2017 to crack down on foreign exchange irregularities, such as underground banking, the foreign exchange regulator said on Friday.

'China's ambitions to globalise yuan hit by currency fall'

Foreign exchange reserves stood at USD 3.05 trillion in November, down by USD 69.1 billion or 2.2 percent from October, State Administration of Foreign Exchange (SAFE) said.

China forex regulator tightens controls to stem capital outflows

The State Administration of Foreign Exchange (SAFE) has begun vetting transfers abroad worth USD5 million or more and is stepping up scrutiny of major outbound deals, including those with prior approval, sources with knowledge of the new rules told Reuters.

Nestle, ITC execs spar over latter's 'safe noodles' ad

Recent ads by ITC's Sunfeat YIPPee! Noodles, depicting the instant-noodles snack as 'safe' and having cleared regulatory permissions seem to have unnerved Nestle a bit, whose Maggi noodles recently ran into a problem with the foods regulator.

Ensure no illegal mining happens in Haridwar: NGT to MoEF

A bench, headed by NGT Chairperson Justice Swantanter Kumar, also issued a notice to the Ministry of Environment and forests (MoEF) and Uttarakhand government on a plea filed by an NGO seeking a stay on mining of minor minerals on the bed of river Ganga in Haridwar.

J&K Bank says no customer data lost in floods

Mushtaq Ahmad chairman and chief executive officer said only two of the seven zones of the bank in the state, namely Srinagar and Anantnag, have been impacted by the floods which started last week, while the Baramulla zone is partially impacted.

China turf war over yuan reform rattles foreign firms

As President Xi Jinping and Premier Li Keqiang try to build confidence in their reformist agenda through consensus and resolution, analysts say the last thing they need is key agencies in charge of critical components of policy being seen as in conflict.

Will China investor snap up US stocks? Maybe not

Chinese investors so far have shown little enthusiasm for owning foreign stocks under limited investment schemes available in China and are more likely to channel their money into real estate.