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India, Thailand boost ties with Prayut’s visit

  Aditya Sharma SPECIAL TO EMIRATES BUSINESS For the first time after a military coup deposed the civilian government of Yingluck Shinawatra, Thailand’s new head of state and military ruler Prayut Chan-o-cha visited India last Thursday. New Delhi has been looking forward to the Thai delegation, which will further boost ties with the Southeast Asian nation. According to local media ...

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Federal Reserve in retreat as reasons for rate hikes fade

  Bloomberg Three weeks ago, Federal Reserve officials sounded like they needed a reason not to hike interest rates soon. Now, they’re in search of a reason to consider any change in policy. “Unless something unexpectedly positive happens, they’re likely on hold for the next couple of meetings,” said Carl Tannenbaum, chief economist at Northern Trust Corp in Chicago. Fed ...

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Yuan rate increases as banks hoard cash

  Bloomberg China’s money-market rate jumped by the most in almost three months as injections of funds by the central bank were overwhelmed by quarter-end demand. The 14-day repurchase rate, a gauge of interbank funding availability, climbed 13 basis points to 2.92 percent. in Shanghai, the most since March 31, according to National Interbank Funding Center prices. The benchmark seven-day ...

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