Indian lenders will be allowed to finance acquisitions up to 20 per cent of their eligible capital base, the Reserve Bank of India said in its final rules following a review of bank exposure to capital markets. The RBI had suggested a cap of 10 per cent of a bank's tier-1 capital for acquisition f
The Asian Development Bank (ADB) has appointed Sona Shrestha as Director General of its South Asia Department (SARD), where she will lead the development and implementation of ADB’s strategy and operations in Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka. “I am honoured to
Global inflation is expected to fall to 3.8 per cent this year and to 3.4 per cent in 2027, helped by softer demand and lower energy prices, the IMF chief said on Monday. Managing Director Kristalina Georgieva said in a speech in the Annual Arab Fiscal Forum in Dubai that global growth has held up
Indian Prime Minister Narendra Modi's government releases its annual budget on Sunday, expected to strengthen domestic policy reforms to cushion the economy from rising uncertainties such as steep US tariffs and broader geopolitical tensions. But Finance Minister Nirmala Sitharaman, who presents t
The euro zone's largest economies grew at a modest but steady pace last quarter as consumption and investments kicked into higher gear to offset low exports and exceptional uncertainty from erratic US trade policy, national data showed on Friday. The figures signal remarkable resilience for a bloc
US President Donald Trump on Monday said that he would hike tariffs on South Korean autos and other imports, blaming a delay in enacting the pact agreed last year. Trump said that South Korea's parliament was not living up to its side of the deal by swiftly enacting the agreement he reached with P
Chinese capital Beijing's GDP exceeded 5.207 trillion yuan (about 743.79 billion U.S. dollars) in 2025, up 5.4 per cent year on year, surpassing the 5 trillion yuan mark for the first time, according to the municipal statistics bureau.
India's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise. The Reserve Bank of India (RBI) has recommended to the
The global economy is proving more resilient than expected, with 2026 GDP growth expected to improve slightly over forecasts from last June, the World Bank said on Tuesday while warning that growth is too concentrated in advanced countries and overall too weak to reduce extreme poverty. The World
US job growth slowed more than expected in December amid business caution about hiring because of import tariffs and rising artificial intelligence investment, but the unemployment rate dipped to 4.4 per cent, supporting expectations the Federal Reserve would leave interest rates unchanged this mon
US President Donald Trump has approved the new bill called the ‘Sanctioning of Russia Act 2025’, which aims to sharply increase pressure on Russia over the Ukraine war. The proposed law would allow the US to impose tariffs of at least 500 per cent on countries that buy Russian oil, inc
The Bank of Japan raised interest rates on Friday to levels unseen in 30 years, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs. The central bank also signalled its readiness to continue raising rates by offering a slightly more upbeat view on
The European Central Bank kept its policy rates steady on Thursday and took a more positive view on a euro zone economy that has shown resilience to global trade shocks. The central bank for the 20 countries that share the euro raised several of its growth and inflation projections for the bloc, i
