China's Central Bank Drains 180Bn Yuan from Market
The People's Bank of China (PBOC)
Beijing - QNA
China's central bank on Monday allowed 180 billion yuan (around 27 billion U.S. dollars) to drain from the market.
The People's Bank of China (PBOC) put 90 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, according to China's (Xinhua) News Agency.
The reverse repos were priced to yield 2.25%, according to a PBOC statement.
Reverse repos worth 270 billion yuan matured on Monday, so the central bank has effectively drained 180 billion yuan from the market.
On Monday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor) was 2.01%, down 1.3 basis points from the previous trading day.
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 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:23 2016 Wednesday ,23 March
cartoon fourteen
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 09:57 2016 Wednesday ,23 March
cartoon two
GMT 10:22 2016 Wednesday ,23 March
cartoon twelve
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 08:26 2017 Saturday ,15 July
UN Asks Countries to Shift $40m
GMT 12:39 2017 Wednesday ,25 October
to record global tree cover loss
GMT 13:34 2017 Saturday ,25 February
Announced the face of Valentino Eyewear
GMT 08:16 2017 Thursday ,10 August
Uprooted entrepreneurs form 'Little Damascus'
GMT 08:51 2017 Sunday ,17 December
Saudi women will also be allowed
GMT 21:06 2017 Monday ,01 May
Will Smith at all-star Jazz Day in Cuba
GMT 18:17 2017 Tuesday ,18 July
Generic medicines hit Novartis profits
GMT 22:12 2017 Wednesday ,06 September
At least two deaths on islands of St Barts, St Martin: French minister
GMT 09:53 2017 Saturday ,30 September
Aisha Ben Ahmed happy for 'The Cell' success
GMT 08:17 2017 Saturday ,23 September
Actress Dora prefers simple designs
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor