China’s central bank suspends treasury bond purchases
BEIJING (Agencies): The People’s Bank of China (PBC) announced on Friday that it has decided to temporarily suspend treasury bond purchases in the open market, starting from this month. The…
Turkey and Russia to Establish a Joint Bank
MOSCOW (Agencies): In a groundbreaking move, Turkey and Russia have announced plans to establish a joint bank. This unprecedented decision marks a significant shift in the economic relations between the…
Citigroup announces mass layoffs
NEW YORK (Agencies): The US banking giant Citigroup has announced plans to cut up to 20,000 jobs after reporting a steep quarterly loss of $1.8 billion for the last three…