Search results for: Global

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

-- 2022-11-25 15:24:41

Turkey and Qatar are in the final stages of talks for Doha to provide up to $10 billion in funding for Ankara, including up to $3 billion by the end of this year, two senior Turkish officials and one...

Ghana plans to buy oil with gold instead of US dollars

-- 2022-11-25 11:23:19

Ghana's government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle d...

Sri Lankan central bank threatens measures over high market interest rates

-- 2022-11-24 11:29:48

Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook. Any such action, interpre...

Singapore core inflation eases for first time in eight months

-- 2022-11-23 15:31:00

Singapore's key consumer price gauge rose 5.1 per cent in October, slightly less than forecast and marking the first easing in eight months, official data showed on Wednesday, due to smaller rises in...

New Zealand delivers record rate hike, flags 2023 recession

REUTERS 2022-11-23 11:28:58

New Zealand's central bank on Wednesday hiked interest rates by a record amount and warned the economy might have to spend an entire year in recession to bring sky-high inflation under control. The R...

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

-- 2022-11-22 20:42:08

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that fighting inflation...

Qatar seals 27-year LNG deal with China

-- 2022-11-22 10:34:51

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas in the longest such LNG agreement to date as volatility drives buyers to seek long-term supplies. Since Russ...

UK inflation hits 41-year high

-- 2022-11-16 20:16:01

Surging household energy bills and food prices pushed British inflation to a 41-year high, according to data published a day before finance minister Jeremy Hunt announces tax hikes and spending cuts t...

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

-- 2022-11-16 16:32:47

Leaders of the Group of 20 (G20) major economies have agreed to pace their interest rate hikes carefully to avoid spillovers and warned of "increased volatility" in currency moves, a sea change from l...

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

REUTERS 2022-11-16 12:07:22

The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as the war in Ukraine, rising food and fuel costs, and...

Asian stocks shaken by blast in Poland; dollar gains

REUTERS 2022-11-16 12:02:30

Asian stocks dropped and the dollar gained on Wednesday after a blast in Poland that Ukraine and Polish authorities said was caused by a Russian-made missile. Worries over a potential ratcheting up o...

Indonesia signs deals to increase renewable energy

-- 2022-11-15 17:38:56

Indonesia has signed deals with international lenders and major nations that will bring billions of dollars in funding to help the country increase its use of renewable energy and reduce its reliance...

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

REUTERS 2022-11-15 13:49:39

Japan's economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took...

IMF says global economic outlook getting 'gloomier'

-- 2022-11-14 10:14:13

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It bl...

Sri Lanka budget to seek recovery for crisis-hit economy

REUTERS 2022-11-14 09:34:13

Sri Lanka unveils a budget on Monday attempting to put the South Asian government's finances in order, with reforms to advance a $2.9 global billion bailout from the island's worst financial crisis si...

Russia says no agreement yet to extend Black Sea grain deal

-- 2022-11-13 13:06:12

Russia said on Saturday there was no agreement yet to extend a deal allowing Ukraine to export grain via the Black Sea, repeating its insistence on unhindered access to world markets for its own...

Global debt levels rose 'substantially' in 2021: World Bank chief

-- 2022-11-13 11:46:20

Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring...

More than 50 countries in danger of bankruptcy, UN official warns

-- 2022-11-12 16:58:22

More than 50 of the poorest developing countries are in danger of defaulting on their debt and becoming effectively bankrupt unless the rich world offers urgent assistance. Head of the UN Development...

Indian debt attractive, but not enough to lure foreign flows just yet : Fund managers

FE ONLINE DESK 2022-11-10 13:13:42

Foreign investors are unlikely to enter the Indian government debt market, despite attractive valuations, deterred by near-term headwinds, including a depreciating rupee and high hedging costs. India...

Sri Lanka starts its largest port project funded by India's Adani

-- 2022-11-09 17:34:40

Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by India's Adani Group, an official said, marking the first foray by an Indian company into t...

Musk's net worth slips below $200b as Tesla shares waver

-- 2022-11-09 11:29:10

Elon Musk's net worth dropped below $200 billion on Tuesday as investors dumped Tesla shares on fears the top executive and largest shareholder of the world's most valuable electric-vehicle maker...

Buying Russian oil is to India's advantage: Subrahmanyam Jaishankar

-- 2022-11-08 18:12:09

India will continue buying Russian oil as it is advantageous for the country, Foreign Minister Subrahmanyam Jaishankar said on Tuesday after meeting his Russian counterpart. India has emerged as Russ...

Sri Lanka's tourism earnings surpass $1b in first 10 months 

-- 2022-11-05 17:38:31

Sri Lanka's tourism earnings in the first 10 months this year surpassed 1.0 billion U.S. dollars, according to the latest data from the country's central bank.  The data showed that the monthly...

China's gas consumption may post first fall in 20 years

-- 2022-11-03 13:14:57

China's 2022 natural gas consumption may post the first decline in two decades amid a struggling economy, with demand this winter set to rise more modestly than in previous years, state energy officia...

Fed delivers big rate hike, signals possible smaller increases ahead

FE ONLINE DESK 2022-11-03 10:39:26

The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signalled future increas...

UAE, US to spur $100b in clean energy projects

-- 2022-11-01 18:18:19

The United Arab Emirates and the United States have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news...

Q4 may see stunted jobs growth: ILO

FE REPORT 2022-11-01 08:51:59

Global employment growth might deteriorate significantly in the final quarter of 2022 amid conflicts and crises like hyperinflation, tightening monetary policy, increasing debt and declining consumer...

COP27 climate summit to test resolve of world battling war, inflation

-- 2022-10-31 19:40:43

An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest players are distracted by urgent crises ranging from...

Loan talks: IMF suggests NPL cut, financial reforms

FE REPORT 2022-10-31 08:33:45

An International Monetary Fund (IMF) delegation now in lending talks with Bangladesh government suggests downsizing non-performing loans (NPLs) and ensuring good governance in financial sector, offici...

Top central bankers fear breaking economy if they raise rates too fast

FE ONLINE DESK 2022-10-29 12:50:57

The world's top central bankers are beginning to fear that an already weak global economy will stall if they keep pressing on the brakes, unnerved by plunging commodity prices, turmoil in emergi...