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ADIA establishes subsidiary in India’s GIFT City

ABU DHABI: The Abu Dhabi Investment Authority (ADIA) has established a subsidiary at the Gujarat International Finance Tec-City (GIFT City), India’s international financial services centre.

The subsidiary has been granted regulatory approval by the I…

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China’s Foreign Exchange Reserves Up 0.86%

China’s foreign exchange reserves totaled $3.3164 trillion at the end of September, up by $28.2 billion, or 0.86%, compared to the end of August.

China’s State Administration of Foreign Exchange said on Monday that the US dollar index declined, and g…

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Dollar Holds Gains Made on US Jobs Data

The dollar index measure against major peers was flat. It rose on Friday to a seven-week high, logging more than 2% gains for the week, its biggest in two years.

Japan’s yen fell to its lowest in nearly two months and other major currencies too were …

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