Economy / Global


Japan's general election outcome could muddle BOJ plans

Japan's general election outcome could muddle BOJ plans

The risk of Japan ending up with a minority coalition government after the upcoming general election is raising concerns that the central bank could face complications in its quest to gradually wean the nation off decades of monetary stimulus. Several recent polls have shown the possibility of the

IMF lifts US growth forecast but marks down China

IMF lifts US growth forecast but marks down China

The International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the US, Brazil and Britain but cut them for China, Japan and the euro zone, adding that risks abound from armed conflicts, potential new trade wars and the hangover from tight monetary policy. The IMF's latest

IMF chief says higher prices are here to stay

IMF chief says higher prices are here to stay

Higher prices are here to stay, which adds to economic pain also stemming from slow growth and high debt, the International Monetary Fund's managing director, Kristalina Georgieva, said on Monday. "The pain we all feel because prices have gone up is here to stay, and a higher level of prices makes

ECB cuts rates again as euro zone economy stagnates

ECB cuts rates again as euro zone economy stagnates

The European Central Bank cut interest rates for the third time this year on Thursday, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone’

Suez Canal cuts transit, mooring fees for yachts

Suez Canal cuts transit, mooring fees for yachts

Egypt's Suez Canal Authority (SCA) has announced a 20-50 per cent reduction in transit and mooring fees for yachts in the Red Sea, effective on November 1. "The move is part of the SCA's flexible marketing policies to encourage yacht tourism and develop marine tourism in the Red Sea region by prov

Rupee drops below 84 per dollar on equity outflows, oil prices

Rupee drops below 84 per dollar on equity outflows, oil prices

The Indian rupee fell below 84 per dollar for the first time on Friday, pressured by concerns about the recent spike in oil prices and the exodus of foreign money from the equity market. The rupee closed at 84.06, down 0.1 per cent on the day, after hitting a record low of 84.07 earlier in the ses

China, Vietnam set to sign deals on railway links, agriculture

China, Vietnam set to sign deals on railway links, agriculture

China and Vietnam are expected to sign new agreements, including pacts to boost railway links and agricultural trade, during Chinese Premier Li Qiang's visit to Hanoi this weekend, two people briefed about the plans said, reports Reuters.  Seamless rail links are a sign of growing trust betwe