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Russia says it defused U.S.-developed munition near Kursk nuclear plant

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Russia says it defused U.S.-developed munition near Kursk nuclear plant

2024-08-28 21:24 Last Updated At:21:37

Russian National Guard (Rosgvardiya) troops have defused an unexploded HIMARS cluster munition near the Kursk nuclear power plant.

Upon arrival, the Rosgvardiya officers discovered a missile fragment filled with 180 unexploded strike elements, according to a Rosgvardiya statement on Wednesday, adding that the munition was found five kilometers from the Kursk plant.

Russian forces successfully neutralized the munition while observing safety measures, it said.

HIMARS is a U.S.-developed light multiple rocket launcher.

Russia and Ukraine have traded blame for endangering nuclear security since Ukraine launched an offensive into Russia's Kursk region on August 6.

Director General of the International Atomic Energy Agency Rafael Grossi visited the Kursk nuclear power plant on Tuesday. He noted the risk of a nuclear incident in Russia's Kursk region while adding that the plant is operating normally under the current circumstances.

Russia says it defused U.S.-developed munition near Kursk nuclear plant

Russia says it defused U.S.-developed munition near Kursk nuclear plant

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Onshore Chinese yuan strengthens against USD in Aug

2024-09-14 10:56 Last Updated At:11:07

The onshore Chinese currency renminbi, or the yuan, strengthened to below 7.10 against the U.S. dollar in August.

In August, the weighted average rate on new corporate loans registered around 3.6 percent, a decline of over 0.2 percentage points from an already relatively low benchmark in 2023.

This indicates that China has continued to lower the overall financing costs and is encouraging financial institutions to pass on profits to the real economy.

The RMB exchange rate has seen an appreciation. The U.S. dollar index, which measures the greenback against six major peers, has retreated from its peak since August, decreasing from above 104 to below 101, marking a new low in over a year with a decline of about 3 percent.

The onshore RMB exchange rate against the U.S. dollar has strengthened from a high point of 7.27 yuan in mid-July to below 7.10 yuan, a cumulative appreciation of 2 percent.

Cross-border funds continued to flow into the Chinese domestic market, maintaining a net increase trend. In August, overseas investors increased their net holdings of domestic bonds by approximately 17 billion U.S. dollars, marking the 12th consecutive month of net inflows.

Onshore Chinese yuan strengthens against USD in Aug

Onshore Chinese yuan strengthens against USD in Aug

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