Reserves

Manchester United to sell Valdes after reserves snub, says Van Gaal

Manchester United will sell goalkeeper Victor Valdes after the Spaniard refused to play in the reserves, manager Louis van Gaal said on Wednesday.

US budget deficit down to $680 bn, lowest in 5 years

The government said Wednesday that the deficit for the 2013 budget year totaled $680.3 billion, down from $1.09 trillion in 2012. That's the smallest imbalance since 2008, when the government ran a $458.6 billion deficit. It's still the fifth-largest deficit of all time.

India's forex reserves up by $ 56 million

India's foreign exchange (forex) reserves went up by $55.6 million to $295.29 billion for the week ended Oct 26, Reserve Bank of India (RBI) data show.<br /><br />

No safe haven: Swiss National Bank to charge 0.25% for deposits

The Swiss National Bank on Thursday said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank as it seeks to deter safe-haven buying.

Black money returns via bullion? Swiss gold imports to India near Rs 1 lakh cr in 2014

Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs one-trillion mark for the entire 2014.

RBI comfortable with CAD position currently, says Rajan

The Reserve Bank of India (RBI) is comfortable with the current account deficit even after it widened in the July-September quarter, Governor Raghuram Rajan said on Thursday.<br />

Swiss voters reject referendum asking SNB to hold 20% gold as reserves

Swiss voters on Sunday flatly rejected in a referendum a proposal stipulating the central bank in Switzerland to increase its gold reserves