BEIJING: China's central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday. Xinhua News Agency quoted the People's Bank of China as saying that the move aims to keep liquidity reasonable and ample in the banking system. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. Source: Emirates News Agency
EU Appoints Ilze Brands Kehris as New Special Representative for Human Rights
October 20, 2026
Brussels:The Council of the European Union has appointed Ilze Brands Kehris, a Latvian national, as the new EU Special Representative