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Iran requests India to allow open accounts in multiple banks

Last Updated: Thursday, January 16, 2014, 17:15

Iran has requested the Ministry of Finance and the Reserve Bank of India to allow it open accounts in multiple banks to facilitate better non-oil trade between the two nations.

Yen under pressure in Asia as BoJ wraps up meet

Last Updated: Tuesday, June 11, 2013, 08:59

The yen faced selling pressure in Tuesday morning Asian trade as markets keep a close eye on the Bank of Japan which wraps up a two-day policy meeting later in the day.

Bank of China cuts off North Korea trade bank

Last Updated: Wednesday, May 08, 2013, 00:54

One of China`s biggest banks said on it has halted business with a North Korean bank accused by the US of financing Pyongyang`s missile and nuclear programs in the latest sign of Beijing`s displeasure with its estranged ally.

India to provide $500 mn line of credit to Myanmar

Last Updated: Thursday, June 28, 2012, 08:44

India on Thursday announced it will provide a 500 million-dollar line of credit to Myanmar as the two countries signed 12 agreements on a range of sectors, including air services, beginning a "new journey" of bilateral cooperation.