ABU DHABI / WAM Aldar announced on Thursday it has sold 80 percent of the …
Read More »China money rate climbs most in 2 years as PBOC drains funds
Shanghai / Agencies China’s two-week money-market rate climbed the most in almost two years as the central bank drained funds from the financial system and a weakening yuan reduced the possibility of monetary easing. The 14-day repurchase rate, a gauge of interbank funding availability, surged 52 basis points, the most since December 2014, to a two-week high of 3.03 …
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