- Tuesday, 17 May 2022 |
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-- 2022-05-16 15:00:40
India's ban on exports of wheat due to the heatwave that hit crops has raised the prices of the staple cereal in the international markets. Domestic prices in the South Asian country ascended to a...
-- 2022-05-15 16:05:27
Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country's Taliban authorities said on Saturday without clarifying how the gap between expected reven...
-- 2022-05-13 17:49:00
The dollar climbed to a 20-year high on Thursday as concerns persisted that central bank actions to counter high inflation would crimp global economic growth, boosting the currency's safe-haven appeal...
-- 2022-05-12 17:12:05
SoftBank Group sank into losses in the past fiscal year as the value of its global investments declined, the Japanese technology company reported Thursday. SoftBank Group Corp. reported red ink total...
-- 2022-05-11 23:16:10
US consumer price growth slowed sharply in April as gasoline prices eased off record highs, suggesting that inflation has probably peaked, though it is likely to stay hot for a while and keep the Fede...
-- 2022-05-11 21:42:20
The war in Ukraine will help slow the growth of officially recorded remittance flows to low- and middle-income countries to an estimated 4.2 per cent this year from a strong 8.6 per cent rebound in 20...
-- 2022-05-10 17:12:15
Indian shares fell and the rupee hit an all-time low on Monday, weighed down by global economic growth worries due to tightening of lockdown in Shanghai and fears inflation could increase aggressive p...
-- 2022-05-09 17:10:19
Ukraine has sown about 7.0 million hectares of spring crops so far this year, or 25-30 per cent less than in the corresponding period of 2021, and exported 1.090 million tonnes of grain in April, Ag...
-- 2022-05-08 23:19:29
The Group of Seven (G7) leaders said in a joint statement on Sunday that they will reinforce Russia's economic isolation and ‘elevate’ a campaign against Russian elites who support Preside...
-- 2022-05-08 19:48:08
The China-backed Asian Infrastructure Investment Bank (AIIB) is considering granting $100 million in emergency support to Sri Lanka, the country's finance ministry said on Sunday. Sri Lanka has reque...
-- 2022-05-07 16:07:30
Somalia's government has asked the International Monetary Fund (IMF) to extend its financial support by three months to August 17, the head of the IMF's country mission told news agency Reuters. The...
-- 2022-05-06 19:19:58
India's central bank has raised the benchmark interest rate for the first time in two years in an attempt to rein in high consumer prices. The Reserve Bank of India (RBI) raised the repo rate - at wh...
-- 2022-05-06 16:37:16
World food prices eased slightly in April after hitting a record high in March, but global food security remained a concern because of the difficult market conditions, UN food agency said on Friday....
-- 2022-05-06 13:54:49
The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10 per cent as it raised interest rates on Thursday to their highest since 2009, hiking b...
-- 2022-05-06 11:42:19
Stock markets in Asia and America have tumbled after the US central bank this week announced the biggest interest rate rise in 22 years. The sell-off comes as worries intensified over how...
-- 2022-05-05 13:12:43
On a lush plantation in Sri Lanka, Arulappan Ideijody deftly plucks the tips of each tea bush, throwing them over her shoulder into an open basket on her back, Reuters reports. After a month of picki...
-- 2022-05-04 17:53:09
Conflict, extreme weather and economic shocks increased the number of people facing a severe lack of food by a fifth to 193 million last year and the Ukraine war means the outlook will worsen without...
-- 2022-05-04 14:36:41
Sri Lanka plans to replace its current "unrealistic" budget and is in talks with the World Bank to extend its support by $300 million to $700 million, the country's finance minister said on Wednesday....
-- 2022-05-03 22:26:17
The Asian Development Bank (ADB) has approved a ceiling of up to $18 billion in policy-based lending (PBL) between 2022 and 2024 and enhanced its crisis-response instruments to support its developing...
-- 2022-05-03 22:20:39
Australia's central bank on Tuesday raised its cash rate by a surprisingly-large 25 basis points to 0.35 per cent, the first hike in over a decade, and flagged more to come as it pulls down the curtai...
-- 2022-05-01 18:56:37
Indian Prime Minister Narendra Modi has vowed to bolster ties with India's European partners in the country's quest for "peace and prosperity", ahead of his tour of Germany, Denmark and France amid th...
-- 2022-04-29 11:30:26
Tesla Inc Chief Executive Officer Elon Musk sold $4 billion worth of shares in of the electric vehicle maker, US securities filings showed on Thursday, in sales likely aimed at helping finance his pla...
-- 2022-04-27 19:55:10
Climate change could see 4.0 per cent of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Rating...
-- 2022-04-26 20:56:18
Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of stagflation, the World Bank said in its latest Commodities Marke...
-- 2022-04-24 09:52:26
The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for th...
-- 2022-04-23 09:09:31
The leaders of the International Monetary Fund, World Trade Organization and the World Bank on Friday called for quick work on a new action plan on food security to be prepared by international financ...
-- 2022-04-22 11:28:21
Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President Davi...
-- 2022-04-22 10:45:23
Elon Musk has secured $46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with US regulators showed on Thursday. Musk himself has committed to put u...
-- 2022-04-21 12:31:14
The world is facing a "human catastrophe" from a food crisis arising from Russia's invasion of Ukraine, according to the President of the World Bank, David Malpass. In an interview with BBC e...
-- 2022-04-20 19:12:14
Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in the world's se...
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