Showing 1 - 10 of 292
Argentina's Milei may find an unexpected friend in the IMF
AFP, Published on 22/11/2023
» WASHINGTON - What will the relationship be like between Javier Milei, Argentina's new self-described "anarcho-capitalist" president, and the IMF, with which the Latin American country has an ongoing $44 billion loan agreement?
OECD sees 'sub-par' global growth as high rates bite
AFP, Published on 19/09/2023
» PARIS - The OECD raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as interest-rate hikes aimed at curbing inflation take their toll.
Stocks bounce despite China rate cut failing to ease worries
AFP, Published on 21/08/2023
» LONDON: European and US stocks rebounded on Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.
China cuts key interest rate to support economy
AFP, Published on 21/08/2023
» BEIJING: China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
IMF and Pakistan reach $3 billion stand-by deal
AFP, Published on 30/06/2023
» ISLAMABAD: Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth US$3 billion announced by the IMF in Washington late Thursday.
Deal averting US default clears first hurdle
AFP, Published on 31/05/2023
» WASHINGTON: A deal to raise the US debt ceiling passed its first major test in Congress on Tuesday, surviving a crucial procedural vote amid a conservative backlash that resurrected the threat of the country's first-ever default.
Hong Kong unveils US$97bn recovery budget
AFP, Published on 22/02/2023
» HONG KONG: Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.
Hard to bear: UK's only panda pair to return to China
AFP, Published on 05/01/2023
» EDINBURGH - It was supposed to be a match made in heaven that would produce a cub but after years of trying, Edinburgh Zoo said on Wednesday it is now sending its breeding pair of giant pandas back to China.
China export growth slows sharply in August: official data
AFP, Published on 07/09/2022
» BEIJING: China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.
'Hopeless': Chinese homebuyers run out of patience with developers
AFP, Published on 12/08/2022
» BEIJING - Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China's ballooning property crisis.