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REUTERS 2022-08-31 13:01:33
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four s...
Reuters 2022-08-30 16:51:02
Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. Th...
REUTERS 2022-08-30 15:03:21
European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of higher interest rate expectations, though fears around a burgeoning energy crisis and loomi...
-- 2022-08-30 14:53:33
In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family’s last remaining handful of dried fish – a reminder of Sri Lanka’s worst economic crisis in decades. She...
-- 2022-08-30 13:30:22
Early estimates put the damage from Pakistan's recent deadly floods at more than $10 billion, its planning minister said on Monday, adding the world has an obligation to help the South Asian nat...
-- 2022-08-29 16:34:27
Singapore has announced new work visa rules to woo foreign talent as the Asian financial hub looks to bolster its recovery from the Covid-19 pandemic. The measures include a new five-year visa for pe...
REUTERS 2022-08-29 10:40:37
India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the...
FE ONLINE DESK 2022-08-27 18:46:12
As the economic crisis continues to rattle Sri Lanka, it is the poorest, most vulnerable girls and boys who are paying the steepest price, according to United Nations Children's Fund (UNICEF). &ldquo...
-- 2022-08-26 16:12:23
Indonesia may raise subsidised fuel prices by 30 per cent to 40 per cent to manage fiscal pressure from a ballooning subsidy budget, lawmakers from President Joko Widodo's ruling coalition government...
REUTERS 2022-08-26 10:33:18
Japanese wages are unlikely to grow as much as nationwide consumer prices over the coming year, almost 80 per cent of economists said in a Reuters poll, which would be bad news for an economy that has...
-- 2022-08-25 15:23:10
Taiwan has unveiled plans for a record boost in defence spending, weeks after China staged unprecedented military exercises around the democratically governed island. The 13.9 per cent spending incre...
-- 2022-08-25 13:16:37
President Joe Biden said on Wednesday the US government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for th...
-- 2022-08-24 21:47:18
India has provided $1 million to the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Secretariat in Dhaka to increase its operational budget. Indian Min...
-- 2022-08-24 21:04:15
The Qatar Investment Authority aims to invest $3.0 billion in Pakistan, the Qatari ruler's office said on Wednesday, lending support to the South Asian nation's cash-strapped economy. Pakistan is in...
-- 2022-08-24 18:21:43
Kuwait has said that it will increase oil production to 2.811 million barrels per day to ensure safe and stable supplies amid rising global demand. In a statement cited by Kuwait News Agency, D...
REUTERS 2022-08-24 13:05:51
The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many nations will find it harder to escape poverty, the Asian Development Bank (ADB) said on W...
-- 2022-08-24 12:07:32
India's e-commerce companies are adding delivery personnel at a rapid pace, fearing a labour shortage might cause them to lose out in one of the biggest annual shopping seasons that begins in earnest...
-- 2022-08-22 21:06:30
British consumer price inflation is set to peak at 18 per cent - nine times the Bank of England's target - in early 2023, an economist at US bank Citi said on Monday, raising his forecast once again i...
REUTERS 2022-08-22 10:26:01
China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a...
-- 2022-08-21 17:40:00
Iraq's foreign currency reserves are now above $80 billion and are expected to hit $90 billion by the end of the year. Deputy Governor of Iraq’s central bank Ammar Khalaf gave the information o...
-- 2022-08-20 13:45:02
Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said in a notice se...
-- 2022-08-19 16:42:30
Shamla Yoosoof, an investment researcher from Colombo, left Sri Lanka with her three-year-old son and a jam-packed suitcase, swapping economic chaos at home for a new start in Dubai. She flew out in...
-- 2022-08-19 16:06:00
Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank's new governor on Friday, appointing him for a five-year term. The Pakistani central bank had b...
-- 2022-08-19 16:04:03
Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices, not OPEC, the producer group's new Secretary General Haitham Al Ghais told Reuters on Thurs...
-- 2022-08-19 13:09:07
Asian stock markets were mixed Friday after Wall Street rose as investors analyzed conflicting economic signals ahead of a Federal Reserve conference next week. Shanghai, Tokyo and Seoul declined whi...
-- 2022-08-18 13:21:18
Australia's jobless rate dropped to a fresh 48-year low in July even as employment broke a super-strong run with the first fall this year, a mixed report that might hint at some cooling in the red-hot...
-- 2022-08-17 21:25:37
Oil climbed about $2.0 after hitting a six-month low earlier on Wednesday as US government data showed a much larger than expected draw in crude inventories thanks to strong export demand. US crude s...
-- 2022-08-17 11:07:36
US President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in the country's history, designed to cut domestic greenhouse gas emissions as well as...
-- 2022-08-16 20:08:39
Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandemic in the year to June, driven overwhelmingly by workers from outside the European Union, official figures sh...
-- 2022-08-16 14:47:23
Britain has launched a scheme to extend tariff cuts to hundreds of products, such as clothes and food, from developing countries, part of London's post-Brexit efforts to set up systems to replace thos...
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