Economy
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US-China Trade Tensions Escalate as Trump Imposes Sweeping Tariffs
Apr 16, 2025In a significant development on April 16, 2025, the United States intensified its trade measures against China, imposing additional tariffs on a wide range of Chinese imports. President Donald Trump has stated that “the ball is... -
Argentina’s peso sinks after currency controls eased
Apr 16, 2025Argentina’s peso slumped more than 11 percent against the US dollar Monday, after Javier Milei’s libertarian government loosened currency controls to win a $20 billion IMF bailout. The peso was trading at just under 1,200 to... -
Japan’s envoy for upcoming tariff talks to depart for Washington to meet senior US officials on Wednesday
Apr 16, 2025Japan’s envoy for upcoming tariff talks will depart for Washington to meet senior US officials on Wednesday, the government confirmed. Japan has not escaped President Donald Trump’s trade blitz despite the close strategic and economic ally... -
Argentina’s peso slumped more than 11 percent against the US dollar on Monday
Apr 16, 2025Argentina’s peso slumped more than 11 percent against the US dollar on Monday, after Javier Milei’s libertarian government loosened currency controls to win a $20 billion IMF bailout. The peso was trading at just under 1,200... -
Expatriate Bangladeshis sent over US$ 1.05 billion remittances during the first twelve days of April
Apr 16, 2025Expatriate Bangladeshis sent over US$ 1.05 billion remittances during the first twelve days of April in the fiscal 2024-25. Of this, remittances through state-owned and specialised banks accounted for $459.72 million, while private banks received $590.34... -
Iraqi markets a haven for pedlars escaping Iran’s economic woes
Apr 13, 2025Every Friday, Alawi crosses the border from Iran into Iraq to sell his produce in the markets of Basra, which serve as a haven for Iranians grappling with economic sanctions. He is just one of many... -
IMF board approves new $20 bn Argentina bailout
Apr 13, 2025In support of President Javier Milei’s vigorous attempts to turn around the Latin American nation, the International Monetary Fund approved a new $20 billion bailout for Argentina on Friday, which would last for four years. “The... -
IDB to provide Argentina with up to $10 bn in financing
Apr 13, 2025Argentina will receive “up to $10 billion” in public and private funding over the next three years, according to a Friday announcement from the Inter-American Development Bank (IDB). A fresh $20 billion loan arrangement from the... -
IMF chief says US tariffs a ‘significant risk’ to global economy
Apr 4, 2025IMF chief Kristalina Georgieva on Thursday said new US tariffs “clearly represent a significant risk to the global outlook” and urged Washington to work with its trade partners. The statement was the first from the IMF... -
Senegal president warns over African nation’s finances
Apr 4, 2025In his yearly state of the nation address, Senegal’s president Bassirou Diomaye Faye cautioned Thursday that the nation faced a challenging financial future that will need sacrifices. Following claims by the International Monetary Fund and authorities...
