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BSP cuts bank reserve ratio

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced Thursday a  1 percentage-point cut on banks’ reserve requirement ratio (RRR). The central bank reduced the RRR as a move that could pump more than $1.5...

Iraq may get $30b for reconstruction

Total contributions by countries participating in Kuwait International Conference on...

For India’s banks, more bad loan woes likely on the way

Just when many Indian banks thought the worst of their...

Consumer price rise signals firming inflation

The Consumer Price Index grew by 0.5 per cent against...

PNB detects $1.8b fraud in Mumbai branch

Indian state-run Punjab National Bank (PNB) has detected some “fraudulent...

Philippines, China to jointly explore energy in S China Sea

The Philippines and China have agreed to set up a...

Japan GDP slows to 0.5pc in Q4

Japan's economic growth slowed in the last three months of...

Singapore cautious on outlook after 2017 growth

Singapore is expecting a moderation in economic growth this year,...

Global trade’s upward trajectory likely to continue in Q1: WTO

The World Trade Organisation (WTO) expresses optimism about the continued...

Japan economy seen growing for eighth quarter in a row

Japan’s economy was expected to grow for an eighth straight...

UAE banks hopeful of recovering $22b Saudi debt

Banks in the United Arab Emirates are hopeful of recovering...

China creates over 66m urban jobs in 5 years

China created more than 66 million urban jobs over the...

UK economy continues stable growth

The British economy continues to show stable growth, with the...

Colombia keen to build Venezuela financial rescue plan

Colombia has contacted international lending agencies about devising a financial...

China lifts 13m people out of poverty each year

China lifts at least 13 million people out of poverty...

Iraq seeks $100b for reconstruction

Iraq seeks around $100 billion in foreign investment in transport,...

Brief US govt shutdown ends

A brief US government shutdown ended on Friday after Congress...

China inflation eases in January

The consumer inflation of China eased lowest since July 2017,...

Cannot continue in UK without profit: Japan

Japan has warned Prime Minister Theresa May that its companies...

US govt shuts down for second time in three weeks

The US Senate approved a budget deal including a stopgap...

Australia’s $40b tourism industry under threat of climate change

Australia’s $40 billion tourism ­industry is in danger and least...

S Korea to keep rates accommodative: BOK

The Bank of Korea (BOK), the central bank of South...

German trade surplus falls in 2017

Germany’s trade surplus fell in 2017 for the first time...

BoE to send new rates message

The Bank of England (BoE) is expected to say on...

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