Emirates Business China’s central bank will keep in close communication with the International Monetary Fund on key topics centered around the global and Chinese economies, according to People’s Bank of China Governor Zhou Xiaochuan. Zhou made the remarks in a meeting with IMF Deputy Managing Director David Lipton in Beijing, according to a statement released on the central bank’s ...

    BLOOMBERG Qatar National Bank SAQ, the country’s biggest bank, raised 10 billion riyals (US$2.75 billion) from capital-boosting perpetual notes in the single largest such issue in the Middle East and North Africa. The privately placed Tier I notes will help strengthen the group’s capital adequacy ratios and support growth across the group, the Doha-based lender said in an ...

  BERLIN / Bloomberg Once upon a time, the euro had aspirations to challenge the dollar’s status as the world’s reserve currency of choice. Instead, the common European currency is losing favour as a store of value. And as European banks scale back their trading activities, the euro’s role on the global stage is likely to diminish further. Almost a ...