Reserve assets

In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, meets with political leaders with the aim of finding solutions to the country's economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. Aoun said in a speech at the opening of the one-day session that everyone should make "sacrifices" in order to get one of the world's most indebted countries out of its problems. (Dalati Nohra via AP)
1010 WINS Newsroom
September 04, 2019 - 9:50 am
BEIRUT (AP) — An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in Lebanon, resulting in an accelerated drawdown of foreign currency reserves that would test the highly indebted country's ability to...
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In this Tuesday, Aug. 6, 2019, photo, a man walks by a money exchange shop decorated with Chinese yuan banknotes and other countries currency banknotes at Central, a business district in Hong Kong. China's yuan has weakened again after signs its decline was stabilizing helped to reassure financial markets. (AP Photo/Kin Cheung)
August 07, 2019 - 7:16 am
BEIJING (AP) — China's currency weakened again Wednesday after hopes among financial traders that its decline was stabilizing helped to calm jittery global markets. The yuan edged down to 7.0488 to the U.S. dollar, about 0.4% below its level late Tuesday. The currency strengthened slightly to 7...
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International Monetary Fund (IMF) Managing Director Christine Lagarde, right, and European Central Bank (ECB) President Mario Draghi, left, speak prior to G20 Finance Ministers' and Central Bank Governors' Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko, Pool)
June 13, 2019 - 7:41 am
FRANKFURT, Germany (AP) — The euro has gained ground on the dollar as a global currency used for government reserves as U.S. sanctions deter some countries' use of the U.S. currency. The dollar, however, is still very much the dominant currency for international trade, borrowing and reserves. That...
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FILE - In this Sept. 11, 2017, file photo, The United Nations Security Council votes to pass a new sanctions resolution against North Korea during a meeting at U.N. headquarters. Some experts say North Korean Kim Jong Un may ask Russian President Vladimir Putin in a meeting set to take place in Vladivostok on Thursday, April 25, 2019, to voice strong opposition to the sanctions, enforce them less stringently and send humanitarian food aid to North Korea. (AP Photo/Jason DeCrow, File)
April 23, 2019 - 10:42 pm
SEOUL, South Korea (AP) — Two months after he failed to win a badly needed easing of sanctions from President Donald Trump, North Korean leader Kim Jong Un is traveling to Russia in a possible attempt to win its help as the U.S.-led trade sanctions hurt his country's already-struggling economy...
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November 07, 2018 - 5:34 am
BEIJING (AP) — China's foreign currency reserves declined in October, suggesting Beijing might be intervening in market to keep its yuan's politically sensitive exchange rate from falling to far against the dollar. Central bank data on Wednesday showed the reserves, the world's biggest, contracted...
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Pakistani Prime Minister Imran Khan, speaks in front of a screen displaying his national flag during the opening of the Future Investment Initiative conference, in Riyadh, Saudi Arabia, Tuesday, Oct. 23, 2018. A high-profile economic forum in Saudi Arabia has begun in Riyadh, the kingdom's first major event on the world stage since the killing of writer Jamal Khashoggi at the Saudi Consulate in Istanbul earlier this month. (AP Photo/Amr Nabil)
October 24, 2018 - 7:26 am
ISLAMABAD (AP) — Pakistan has negotiated a $6 billion assistance package of loans and deferred payments from Saudi Arabia in hopes of resuscitating its flagging economy, struggling under the weight of a whopping $18 billion deficit. Analysts say the Saudi infusion will allow Islamabad to breathe a...
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