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-- 2022-10-10 19:33:16
Pakistan's central bank on Monday kept its key policy rate unchanged at 15 per cent at a scheduled meeting of its monetary policy committee, the bank said in a statement. Pakistan has been facing an...
-- 2022-10-10 16:18:10
Three US-based economists -- Ben Bernanke, Douglas Diamond and Philip Dybvig -- won the 2022 Nobel Economics Prize "for research on banks and financial crises", the Royal Swedish Academy of Sciences s...
REUTERS 2022-10-10 15:01:36
Thailand's economic recovery will not be affected by a global slowdown due to a rebound in tourism, Finance Minister Arkhom Termpittayapaisith told reporters on Monday. "Our economy depends on touris...
REUTERS 2022-10-10 12:42:20
Stocks slipped in Asia on Monday after a surprise drop in US unemployment quashed any thought of a pivot on policy tightening ahead of a reading on inflation which is expected to see core prices move...
-- 2022-10-10 11:04:54
The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes, Reuter...
-- 2022-10-08 15:46:19
Victoriia Maslova abandoned her herbal cosmetics factory in the Ukrainian town of Bucha on the first day of Russia's invasion of the country, fleeing to Poland with her mother and three younger brothe...
-- 2022-10-08 15:42:09
The Reserve Bank of India will soon commence limited pilot launches of a central bank-backed digital rupee for specific use cases, it said in a concept paper released on Friday. According to Reuters,...
REUTERS 2022-10-07 14:55:42
Malaysia on Friday unveiled a smaller budget for 2023, prioritising fiscal discipline over expectations of populist measures, as it warned of a slowdown in the economy from rising global risks. Prime...
-- 2022-10-07 11:41:51
Indonesia's foreign exchange reserves fell by $1.4 billion last month to $130.8 billion due to payments of foreign debt and the central bank's effort to stabilise the rupiah currency, Bank Indonesia (...
-- 2022-10-07 10:56:43
India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive US Federal Reserve rate-hiking campaign, according to a Reut...
-- 2022-10-06 17:54:33
The World Bank on Thursday slashed its growth forecast for India to 6.5 per cent year-on-year for 2022/23, from an earlier estimate of 7.5 per cent, while warning that spillovers from the Russia-...
-- 2022-10-05 20:10:42
The world is unlikely to meet a longstanding goal of ending extreme poverty by 2030 due to shocks related to the COVID-19 pandemic and the Russia-Ukraine war, the World Bank said in a new report relea...
-- 2022-10-05 15:05:51
The World Bank said on Tuesday that countries in eastern Europe and Central Asia will return to weak growth in 2023, but warned that a cut-off of Russian energy to the European Union would tip them in...
-- 2022-10-05 13:08:15
Singapore is likely to tighten monetary policy this month, the fifth time in a row, amid persistent inflation in the Asian financial hub due to global supply chain disruptions and a tight labour marke...
REUTERS 2022-10-05 10:11:28
Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressure...
-- 2022-10-04 18:18:25
Global recession can be avoided if governments' fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International...
REUTERS 2022-10-04 10:49:31
Chinese refiners are likely to boost refined oil products exports in the last two months of 2022 and into early 2023 after receiving the biggest allocation from Beijing this year, trade sources and an...
FE ONLINE DESK 2022-10-03 21:12:57
The United Nations Conference on Trade and Development (UNCTAD) has projected that the world economy would grow 2.5 per cent in 2022. UNCAD expected that growth to decline further to 2.2 per cent in...
-- 2022-10-03 14:10:43
British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and tur...
-- 2022-10-03 11:41:03
Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy-saving measures and high prices, the Internati...
-- 2022-10-02 18:36:41
The Ukraine war's disruptions to grain and fertiliser flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million...
-- 2022-10-02 12:38:28
The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices, reports Reuter...
-- 2022-10-01 15:30:28
US consumers are exhibiting fragility ahead of the peak period for corporate results next month, as some are struggling to pay bills and others are slowing purchases of cars, sneaker...
-- 2022-09-30 19:17:11
The Asian Development Bank (ADB) said Friday that it has approved a financial project to support restoration, conservation and management of coral reefs in four countries in Southeast Asia and the Pac...
-- 2022-09-30 18:54:27
Sri Lanka's inflation, as measured by the year-on-year change in the Colombo Consumer Price Index, rose to 69.8 per cent in September 2022 from 64.3 per cent a month earlier, the Department of Census...
-- 2022-09-30 11:59:55
The Reserve Bank of India's benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame sustained abov...
-- 2022-09-29 21:29:29
German inflation was at its highest level in more than a quarter of a century in September, driven by higher energy prices no longer dampened by popular relief measures, data showed on Thursday, repor...
-- 2022-09-29 18:18:04
World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia after its invasion of Ukraine, prolonging the risk of stagfla...
-- 2022-09-27 18:54:36
The Philippine economy will grow more slowly this year than previously thought due to the global economic slowdown and tightening financial conditions, the International Monetary Fund (IMF) said on Mo...
-- 2022-09-27 18:48:12
Thailand's economy is expected to grow 3.1 per cent this year, higher than a forecast in June of 2.9 per cent, supported by private consumption and exports, the World Bank said on Tuesday. However, t...
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