The President of the Presidential Leadership Council, Dr. Rashad al-Alimi, sent a congratulatory cable to Russian President Vladimir Putin on the occasion of Victory Day in Russia.
Oil prices rose, today, Wednesday, remaining just above four-year lows, as investors focused on U.S.-China trade talks and signs of declining U.S. production.
Paris Saint-Germain qualified for the Champions League final for the second time in its history, after repeating its 2-1 victory over Arsenal in the second leg of the semi-final.
Chinese Central Bank injects 125 billion yuan into the financial market
[15/05/2023 09:16]
BEIJING-SABA
The People's Bank of China (the central bank) on Monday injected funds into the financial market with a total amount of 125 billion yuan (17.93 billion US dollars) through medium-term lending facilities (MLF) and reverse repo operations.
According to the Chinese news agency (Xinhua) "the central bank also conducted seven-day reverse repos worth 2 billion yuan at an interest rate of 2 percent".
The reverse repo operations known as a "reverse repo" are operations in which the central bank purchase securities from commercial banks through bidding, with an agreement to sell them back to them in the future.