Officials will discuss major steps to restore support for Syria from the World Bank and International Monetary Fund at spring meetings next week, though sanctions remain a major obstacle to rebuilding the country, a UN official said on Friday. Abdallah Dardari, assistant secretary-general for the
Argentina received 12 billion US dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country's gross international reserves to 36.8 billion dollars,
When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired Apple executive from Albuquerque had invested about $100,000 last decade in Dalian Chuming Meat Processing through a US-listed holding company, Energroup Holdings. Chuming had not paid divi
China wants to address the challenges of the ‘reciprocal tariff’ imposed by the Trump administration in collaboration with other countries, including Bangladesh and the European Union, said Chinese Ambassador in Dhaka Yao Wen on Sunday. Terming the US tariff move ‘a crazy
Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next T
US consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions that have roiled financial markets and raised the risk of a recession. The University of Michigan Surveys of Consumers said on F
Beijing on Friday increased its tariffs on US imports to 125 per cent, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145 per cent and raising the stakes in a trade war that threatens to up-end global supply chains. China's retaliation intensified the
European Commission President Ursula von der Leyen has welcomed President Donald Trump’s decision to temporarily halt most US tariffs, but she did not say whether the European Union intends to press ahead with its own retaliatory measures. “I have authorised a 90 day PAUSE,” Trum
Vietnam will buy more American goods, including defence and security products, and has asked for a 45-day delay in the imposition of US tariffs, Prime Minister Pham Minh Chinh said in a statement issued late on Monday. Hanoi will also seek faster deliveries of commercial planes that Vietnamese air
China declared on Tuesday that it would “fight to the end” and implement countermeasures to protect its interests after U.S. President Donald Trump threatened to impose a further 50% tariff on Chinese goods. The Commerce Ministry criticised the United States for introducing what it ter
India may still meet its 6.3-6.8 percent growth projection for the 2025/26 fiscal year that started on Apr 1 despite global disruptions from new US tariffs, if oil prices stay below $70 per barrel, government officials said, even as many private economists lowered their forecasts. Economists, incl
US President Donald Trump said on Sunday foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," prompting further carnage in global financial markets. Asian stocks posted steep losses in early trading on Monday and US stock market futur
The US dollar struggled to regain its footing with the safe-haven yen hovering near a six-month peak on Friday, as traders took stock of the fallout from President Donald Trump's aggressive and far-reaching new tariff measures. The dollar was steady after bouncing off six-month troughs to the euro
