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4 days ago · The freezing of more than $300bn worth of Russian central bank assets in 2022 also sparked fresh calls among some of the world’s largest emerging economies to shift away from the dollar ...
3 days ago · A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
1 day ago · Asia, the world’s largest and most diverse continent. It occupies the eastern four-fifths of the giant Eurasian landmass. Asia is more a geographic term than a homogeneous continent, and the use of the term to describe such a vast area always carries the potential of obscuring the enormous diversity among the regions it encompasses.
3 days ago · The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference.
3 days ago · Macau is located on the southwestern corner of the Pearl (Zhu) River (Chu Chiang) estuary (at the head of which is the port of Guangzhou [Canton]) and stands opposite the Hong Kong Special Administrative Region, which is some 40 miles (60 km) away on the eastern side of the estuary.
1 day ago · MSCI's broadest index of Asia-Pacific shares outside Japan tracked world stocks higher and rose 0.3% in early Asia trade. The index was headed for a weekly gain of nearly 3%. Hong Kong's Hang Seng Index similarly ticked up 0.14%, while Chinese blue chips edged 0.23% higher.
2 days ago · Central China, encompassing largely the Yangtze valley and including most of the Yunnan plateau, contains much of the rich and distinctive warm temperate flora which characterizes eastern Asia. A similar type of flora is also found in central Japan.
