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People's Bank

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  • Indian rupee to stagnate on dollar rally; yuan to rise slowly

    BANGALORE (Reuters) - The Indian rupee will likely stagnate over the next year as a U.S. dollar rally gathers steam and the Indian economy at best chugs along, while the Chinese yuan will probably appreciate a little, a Reuters poll found.
  • Franklin Hills winemakers announce distillery plans in Bethlehem

    Franklin Hills winemakers announce distillery plans in Bethlehem
    The Social Still, poised to become Northampton County's first craft distillery in a Prohibition-era bank in south Bethlehem, was first envisioned as a small venture on a Slate Belt family farm turned winery. Adam Flatt, whose mother founded Franklin...

    China credit plunge argues for interest rate cut but no quick action seen

    BEIJING (Reuters) - China's surprisingly sharp and sudden drop in credit has strengthened the case for the central bank to cut interest rates, but policy insiders believe it will be reluctant to take more aggressive steps and for now will stick to more...

    Fiat Chrysler growth plan challenged by possible merger delay

    By Agnieszka Flak MILAN (Reuters) - Sergio Marchionne has shown he is determined to let nothing stand in the way of Fiat's merger with Chrysler, but a share price slide may yet force the CEO to hit the brakes on plans to turn the world's No. 7...

    Argentina says discusses mechanism of currency swap with China

    BUENOS AIRES (Reuters) - Argentina's central bank chief, Juan Carlos Fabrega, met his Chinese counterpart on Sunday to discuss how a currency swap worth billions of dollars will be put into action, the Argentine monetary authority said. The swap will...