Economy

India’s central bank on Friday hiked interest rates for a third-consecutive time, as Asia’s third-largest economy contends with a widening trade deficit and weakening currency. The Reserve Bank of India’s rate-setting committee raised its key lending...

Due to a 90 percent increase in oil earnings from a year ago, Saudi Arabia reported on Thursday that it has achieved a rare budget surplus of almost $20 billion in the second quarter of 2022....

Turkey’s annual inflation rate stabilized in July at just under 80 percent, official data showed on Wednesday, helping support President Recep Tayyip Erdogan’s pledges that runaway prices would soon begin to fall. The official annual rate...

Brazil’s central bank raised its benchmark interest rate for the 12th straight time on Wednesday, citing an “adverse and volatile” global economy, and indicated its tightening cycle, one of the world’s most aggressive, may not be...

Bangladesh anticipates receiving roughly 4.5 billion USD in loans from the IMF as a preventative step and to stabilize its foreign exchange reserves. The country is attempting to obtain an IMF loan while two other South...

Following the IMF, the World Bank and ADB are interested in helping the government with its budget. A 1.7 billion dollar idea has already been talked about. It intends to collect at least $7 billion over...

Ranil Wickremesinghe, the country’s new leader, has officially asked lawmakers to join an all-party unity government that will enact difficult changes in an effort to rescue the nation’s failing economy, his office announced on Sunday. Wickremesinghe...

Due to slower growth in the People’s Republic of China (PRC), more aggressive monetary tightening in advanced economies, and the effects of Russia’s ongoing invasion of Ukraine, the Asian Development Bank (ADB) reduced its economic growth...

The Bank of Japan dug its heels in on its easy-money policies Thursday while raising its inflation forecast, even as other countries hike interest rates to tackle soaring prices. Policymakers have refused to move away measures...

Japan’s core consumer prices for items excluding fresh products rose 2.2 percent in June from a year earlier, driven by energy costs, government data showed on Friday. Excluding energy, the increase was just one percent compared...