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Top related persons:
— - 1 Vaisakhi - 1 Anumeha Sinha - 1 Guru Nanak - 1 Guru Gobind Singh - 1 Singh - 1 Kaur - 1 it's - 1
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Search resuls for: "Panth"


5 mentions found


☆ For the vibrant springtime celebration Vaisakhi, Sikhs from near and far gathered to honor their faith and community
  + stars: | 2024-04-29 | by ( Nimarta Narang | ) www.businessinsider.com   time to read: +10 min
The April celebration Vaisakhi is a time when Sikhs gather for community worship, meals, and parades. Here I was in America about a century later trying to honor the community he helped build and, by extension, the Sikh faith. Anumeha Sinha for BINow in my late 20s, it's been 11 years since I've lived in a close-knit Sikh community. To feel closer to her community, Kaur said she's now making a personal effort to honor traditions she learned when she was younger. But outside the Sikh community — and increasingly after 9/11, like Singh mentioned — I saw people misunderstand our symbols of faith.
Persons: —, Vaisakhi, Anumeha Sinha, Guru Nanak, Guru Gobind Singh, Singh, Kaur, it's, I've, Harmeet Kaur, Harman Singh, Harmeet, hadn't, Sahib, she's, Kaur's, nishaan sahib, I'm, It's Organizations: Service, New, BI, Khalsa, ., BI Kaur, New York, Darbar Locations: New York City, Richmond Hill, Queens, Punjab, South Asia, Bangkok, America, . Orange, Brooklyn, Kentucky, Pikeville, Lexington , Kentucky, Atlanta and New York, New, Detroit, India, Windsor , Ontario, Bangkok , New York
☆ IMF sees recent yen falls as reflecting fundamentals
  + stars: | 2023-10-14 | by ( Leika Kihara | ) www.reuters.com   time to read: +1 min
Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. "On the yen, our sense is that the exchange rate is driven pretty much by fundamentals. As long as interest rate differentials remain, the yen will continue to face pressure," Sanjaya Panth, deputy director of the IMF's Asia and Pacific Department, told reporters. Authorities in Japan are facing renewed pressure to combat a sustained depreciation in the yen , as investors bet on higher-for-longer U.S. interest rates while the Bank of Japan remains wedded to its super low interest rate policy. "I don't think any of the three considerations are existing right now," he said, when asked whether recent yen falls call for authorities to intervene in the currency market.
Persons: Florence Lo, Panth, Leika Kihara, Emelia Sithole, Mike Harrison Organizations: REUTERS, Rights, Monetary Fund, Pacific Department, Authorities, Bank of Japan, IMF, Thomson Locations: Rights MARRAKECH, Morocco, Asia, Japan
☆ Analysis: G7 fails to reach intervention deal to ease pain of soaring dollar
  + stars: | 2022-10-16 | by ( Leika Kihara | ) www.reuters.com   time to read: +7 min
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. With a strong push from Japan, finance leaders of the Group of Seven advanced economies included a phrase in a statement on Wednesday saying they will closely monitor "recent volatility" in markets. "Many countries saw the need for vigilance to the spill-over effect of global monetary tightening, and mentioned currency moves in that context. "I've said on many occasions that I think a market-determined value for the dollar is in America's interest. "It's impossible to reverse the yen's downtrend with solo intervention," said Daisaku Ueno, chief forex strategist at Mitsubishi UFJ Morgan Stanley Securities.
☆ IMF sees Japan's currency intervention as 'signaling' move with short-term impact
  + stars: | 2022-10-13 | by ( Leika Kihara | ) www.reuters.com   time to read: +3 min
Panth said Japanese authorities likely intervened last month with the view that the yen's "pretty sharp" moves could dampen corporate investment and hurt consumer confidence. "It was a fairly small amount given how liquid the market is," Panth said, referring to the size of Japan's intervention. Panth said he had not seen anything so far that suggests the yen's value is deviating from Japan's economic fundamentals. When looked at historically, the impact of these kinds of interventions doesn't last very long," he said. The intervention was a one-time event so far of relatively small magnitude in a deep market."
☆ IMF urges most Asian central banks to tighten policy further
  + stars: | 2022-10-13 | by ( Leika Kihara | ) www.reuters.com   time to read: +2 min
WASHINGTON, Oct 13 (Reuters) - Most Asian central banks must tighten monetary policy further as rising commodity prices and their currencies' depreciation, driven by steady U.S. interest rate hikes, push inflation above their targets, the International Monetary Fund said on Thursday. Many Asian currencies depreciated "quite sharply" as U.S. monetary tightening led to widening interest rate differentials, helping push up import costs for the countries, he said. Large currency depreciations and rising interest rates could also trigger financial stress in Asian countries with high debt, Srinivasan said. "Asia is now the largest debtor in the world besides being the biggest saver, and several countries are at high risk of debt distress," he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Leika Kihara; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
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