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As IMF funding delayed, Pakistan expects $3bn from friendly country

Pakistan expects to secure $3 billion in external financing from a friendly country in two weeks, its finance minister said on Friday as the South Asian country awaits IMF funding, Reuters reports. An International Monetary Fund (IMF) review for the release of its next tranche of funding has...

Venezuela signs contracts with US oil giant Chevron

Venezuela's oil minister and top representatives of state-run company PDVSA...

Inflation may be peaking, but doubts emerge about its decline

With central banks ratcheting up their response to a global inflation shock,...

World Bank chief says poorest countries owe $62bn on bilateral debt

The world's poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35...

IMF chief sees higher chance of global growth below 2.0pc in 2023

International Monetary Fund managing director Kristalina Georgieva said on Thursday...

India cuts windfall tax on diesel exports

India has cut the windfall tax on crude oil to...

India annual GDP growth slows to 6.2pc in Sept quarter

Annual growth in the Indian economy likely slowed in the...

Sri Lanka's key inflation rate eases to 61pc in November

Sri Lanka's key inflation rate eased to 61 per cent...

Pakistan, IMF begin talks on $7bn loan review

Pakistan and the International Monetary Fund have begun talks online on a ninth review of...

Region sees partial recovery from Covid impacts

Asia-Pacific labour markets have recorded a partial rebound from the...

Turkey in final stage talks for up to $10b funding from Qatar

Turkey and Qatar are in the final stages of talks...

Ghana plans to buy oil with gold instead of US dollars

Ghana's government is working on a new policy to buy...

Sri Lankan central bank threatens measures over high market interest rates

Sri Lanka's central bank on Thursday threatened administrative intervention to...

Singapore core inflation eases for first time in eight months

Singapore's key consumer price gauge rose 5.1 per cent in...

New Zealand delivers record rate hike, flags 2023 recession

New Zealand's central bank on Wednesday hiked interest rates by...

Europe to be hit hardest in next year's global slowdown: OECD

The global economy should avoid a recession next year but...

Qatar seals 27-year LNG deal with China

QatarEnergy has signed a 27-year deal to supply China's Sinopec...

UK inflation hits 41-year high

Surging household energy bills and food prices pushed British inflation...

G20 vows to calibrate pace of interest rate hikes, avoid spillovers

Leaders of the Group of 20 (G20) major economies have...

WTO warns of 'real' recession risk in some major economies

The head of the World Trade Organization (WTO) warned on...

Indonesia signs deals to increase renewable energy

Indonesia has signed deals with international lenders and major nations...

Japan's economy unexpectedly shrinks as hot inflation, global slowdown take toll

Japan's economy unexpectedly shrank for the first time in a...

IMF says global economic outlook getting 'gloomier'

The global economic outlook is even gloomier than projected last...

Sri Lanka budget to seek recovery for crisis-hit economy

Sri Lanka unveils a budget on Monday attempting to put...

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