China's central bank renews $19 billion currency swap agreement with Argentina for five years, the PBOC says. Deal worth 130 billion yuan, equivalent to 28 trillion Argentine pesos, aims to deepen bilateral financial cooperation.
The People's Bank of China announced Thursday it renewed a bilateral currency swap agreement with the Central Bank of Argentina worth 130 billion yuan (about $19.1 billion), equivalent to 28 trillion Argentine pesos. The deal runs for five years and is renewable by mutual consent, and the PBOC said the renewal will deepen financial cooperation and safeguard financial market stability.
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China's central bank renews and expands bilateral currency swap with Malaysia, raising the ceiling from 180 billion yuan to 220 billion yuan under a five-year deal.
China's central bank, the People's Bank of China (PBOC), said on Friday it renewed and expanded its bilateral currency swap agreement with Malaysia's central bank, Bank Negara Malaysia. The swap amount rises from 180 billion yuan (about 110 billion ringgit) to 220 billion yuan (about 130 billion ringgit) and is valid for five years, extendable by mutual consent, according to the PBOC.
Japan's real household spending fell 3.3% year-on-year in June, marking a seventh consecutive monthly decline, government data showed Friday. Households spent an average of 290,886 yen (~$1,840), with drops across food, dining out, and transport.
Japan's real household spending fell 3.3% year-on-year in June, the seventh straight monthly decline, government data showed Friday. Average household spending was 290,886 yen (about $1,840), with declines across food, dining out, consumables, and transportation categories.
South Africa and AIIB sign $500M sovereign-backed loan, AIIB's first investment in South Africa, targeting water, electricity and waste services across eight metropolitan municipalities.
South Africa and the Asian Infrastructure Investment Bank signed a $500 million sovereign-backed loan agreement, AIIB's first investment in South Africa, to support the South Africa Metro Trading Services Program aimed at improving urban water, electricity and waste management services across eight metropolitan municipalities.
U.S. nonfarm payrolls fell by a seasonally adjusted 23,000 in July, the Bureau of Labor Statistics reported Friday. The figure covers July 2026 employment.
U.S. nonfarm payrolls decreased by a seasonally adjusted 23,000 in July, the Bureau of Labor Statistics reported on Friday.
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