Economy
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Japan to prepare another round of economic stimulus measures
Oct 2, 2022Japan is preparing another round of economic stimulus measures, the government said Friday, as rising prices and the plummeting yen squeeze the world’s third-largest economy, reports BSS. Prime Minister Fumio Kishida told ministers to draft the... -
Sri Lanka’s inflation rate hit nearly 70 percent in September
Oct 2, 2022Sri Lanka’s inflation rate hit nearly 70 percent in September for a 12th consecutive monthly record, official data showed Friday after a year of shortages, price hikes and economic misery. An unprecedented downturn forced the government... -
British pound sank by more than one percent against the dollar after the Bank of England intervened on the bond markets
Sep 30, 2022The British pound sank on Thursday by more than one percent against the dollar after the Bank of England intervened on the bond markets to head off a fresh financial catastrophe. Sterling slid as low as... -
The dollar lost a little of its strength
Sep 27, 2022The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to... -
Crisis-hit Sri Lanka pleaded for a swift agreement for $2.9 billion IMF bailout
Sep 25, 2022Crisis-hit Sri Lanka pleaded on Friday for a swift agreement with its international creditors to clear the way for a desperately needed $2.9 billion IMF bailout. The International Monetary Fund’s board needs to ratify this month’s... -
The pound fell to a fresh 37-year low against the dollar
Sep 23, 2022The pound fell to a fresh 37-year low against the dollar on Friday as traders grow increasingly worried about the economic outlook with central banks ramping up interest rates to fight runaway inflation. Sterling fell as... -
It is possible to bring down record-high inflation in the United States, Treasury Secretary Janet Yellen said
Sep 23, 2022It is possible to bring down record-high inflation in the United States while maintaining a healthy labor market, US Treasury Secretary Janet Yellen said on Thursday. Her comments come a day after the Federal Reserve hiked... -
UK’s new government unveils multibillion-pound measures aimed at supporting households and businesses hit by inflation
Sep 23, 2022The UK’s new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by decades-high inflation. Finance minister Kwasi Kwarteng, fresh from being appointed by new Prime Minister Liz Truss, will deliver his mini-budget... -
Hong Kong lost its crown as Asia’s premier finance centre to Singapore
Sep 23, 2022Hong Kong has lost its crown as Asia’s premier finance centre to Singapore in a global ranking list where New York and London maintained their number one and two spots. Singapore jumped three places to third... -
$14.25 billion is raised by the Global Fund to fight malaria, TB, and HIV
Sep 22, 2022In spite of decades of progress against the diseases being reversed by Covid, the Global Fund to Fight AIDS, Tuberculosis, and Malaria received $14.25 billion on Wednesday at a donor meeting hosted by US President Joe...
