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Currencies

India’s forex reserves stood at $691.5 billion, says RBI chief

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...
Currencies

India’s forex reserves stood at $691.5 billion, says RBI chief

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...
UK Property

Fourth man detained at UK airport over property attacks

Keir Starmer arson plot: Fourth man detained at UK airport over property attacksA fourth man has been arrested for being involved in several fire attacks linked to UK Prime Minister Sir Keir Starmer.These fires involved two buildings and a car connected to Starmer, with the aim of putting lives at risk. "The 48-year-old man was detained at London Stansted Airport on Monday and is being questioned on suspicion of conspiracy to commit arson with intent to endanger life, the Metropolitan Police said," reported Sky News.Previous arrests over UK Prime Minister...
Upcoming Investments

Unicycive Therapeutics to Present at Upcoming Investor Conferences

LOS ALTOS, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Unicycive Therapeutics, Inc. (Nasdaq: UNCY), a clinical-stage biotechnology company developing therapies for patients with kidney disease, today announced that Shalabh Gupta, M.D., Chief Executive Officer will present at two upcoming virtual investment conferences. Event:   Lytham Partners Spring 2025 Investor ConferenceType:   Fireside Chat Date/Time:   Thursday, May 29, 2025, at 12:30 p.m. ETEvent:   Noble Capital Markets 2025 Emerging Growth Virtual Equity Conference Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address,...
Currencies

Asian Expat Working at Kuwait’s Central Bank Held for Counterfeiting KD 19,000

KUWAIT CITY, March 26: The Counterfeiting and Forgery Investigations Department of the Criminal Security Sector, under the leadership of Major General Hamed Al-Dawas, has referred an Asian expatriate to the Public Prosecution on charges of counterfeiting Kuwaiti currency. The case file includes 19,000 Kuwaiti dinars in counterfeit banknotes (denominations of 20 and 10 dinars) from the fifth edition of the currency.Details of the CrimeInvestigations revealed that the accused, who worked at the Central Bank of Kuwait, believed his position would enable him to fraudulently exchange the counterfeit fifth-edition notes for authentic sixth-edition currency. According to a security source, the Central Bank initially detained...