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Search results for: global

World stocks eye best month since late 2020

World stocks eye best month since late 2020

-- 2022-07-29 18:00:44

Global stocks rose on Friday, on course for their best month since late 2020, as eurozone growth beat expectations, while the dollar dipped as traders await fresh US data for clues to the outlook for...

Sri Lanka's inflation surges to a record 60.8pc

Sri Lanka's inflation surges to a record 60.8pc

-- 2022-07-29 17:00:09

Sri Lanka's inflation surged to a record 60.8 per cent in July, the crisis-struck country's statistics department said on Friday, compared to a 54.6 per cent rise in June. The jump in the Colombo Con...

World Bank says no new plans for financing for Sri Lanka

World Bank says no new plans for financing for Sri Lanka

-- 2022-07-29 11:47:40

The World Bank does not plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place, it said in a statement on Thursday. The World Bank stressed that Sri Lan...

Some Asia economies may need rapid rate hikes to cool inflation: IMF

Some Asia economies may need rapid rate hikes to cool inflation: IMF

-- 2022-07-29 11:08:29

Several Asian central banks must raise interest rates rapidly, because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior Intern...

Apple forecasts strong iPhone demand despite glum economy

Apple forecasts strong iPhone demand despite glum economy

-- 2022-07-29 09:56:48

Apple on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sale...

US GDP shrinks in second quarter. Is the nation in recession?

US GDP shrinks in second quarter. Is the nation in recession?

-- 2022-07-28 21:47:38

The US economy shrank for a second straight quarter, data released on Thursday showed, amplifying an ongoing debate over whether the country is, or will soon be, in recession. The 0.9 per cen...

China targets $148bn in financing for cash-strapped developers

China targets $148bn in financing for cash-strapped developers

-- 2022-07-28 17:11:04

China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, reports Reutesr on Thursday citing Financial Times, as it tries to revive the d...

Consumer-focused firms see no shortage of demand despite soaring cost-of-living

Consumer-focused firms see no shortage of demand despite soaring cost-of-living

-- 2022-07-27 21:33:00

Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long th...

China to address 'unbalanced and inadequate' development in next five years: Xi

China to address 'unbalanced and inadequate' development in next five years: Xi

-- 2022-07-27 20:54:09

China must focus on addressing "unbalanced and inadequate development" in the next five years, President Xi Jinping told senior leaders this week, indicating he wants to continue the economic prioriti...

Global economy in grips of serious slowdown, poll shows

Global economy in grips of serious slowdown, poll shows

-- 2022-07-27 12:12:02

The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year, according to Reuters pol...

Australian inflation rate hits 21-year high

Australian inflation rate hits 21-year high

-- 2022-07-27 10:43:18

Australian inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and energy costs explode, stoking speculation interest rates will need to more than double to...

IMF cuts 2022 global growth forecast to 3.2pc

IMF cuts 2022 global growth forecast to 3.2pc

-- 2022-07-26 19:56:56

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materialising and could push the world economy to...

US and Taliban make progress on Afghan reserves, but big gaps remain

US and Taliban make progress on Afghan reserves, but big gaps remain

REUTERS 2022-07-26 14:17:54

US and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talk...

Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages

Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages

-- 2022-07-26 13:19:45

Crisis-hit Sri Lanka invited on Tuesday expressions of interest from oil companies in petroleum-producing nations seeking to import and sell petroleum products as the Indian Ocean island opens its mar...

Stocks wobble on Walmart warning, looming Fed hike

Stocks wobble on Walmart warning, looming Fed hike

REUTERS 2022-07-26 11:50:09

Asian shares wobbled on Tuesday and bonds were firm as a profit warning from Walmart put consumption and company earnings under a cloud ahead of what is likely to be another sharp US interest rate hik...

South Korea's economy unexpectedly speeds up, pointing to more rate hikes

South Korea's economy unexpectedly speeds up, pointing to more rate hikes

REUTERS 2022-07-26 10:20:08

South Korean economic growth unexpectedly picked up in the second quarter as strong consumption on eased COVID-19 restrictions offset poor exports, supporting the case for further central bank inter...

Pakistan's financing needs fully met for this year, says central bank chief

Pakistan's financing needs fully met for this year, says central bank chief

-- 2022-07-24 12:19:50

Pakistan's $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that "unwarranted" market concerns about its financial posit...

Sri Lanka food prices increase by 75.8pc in 12 months

Sri Lanka food prices increase by 75.8pc in 12 months

-- 2022-07-22 21:48:54

Food prices in Sri Lanka increased by 75.8 per cent in the twelve months till June, accelerating from 58.0 per cent in May. Sri Lankan news outlet Daily Mirror said the data from National Consumer Pr...

Global slowdown fears darken prospects for Asian factories

Global slowdown fears darken prospects for Asian factories

-- 2022-07-22 20:40:46

Worries over a global slowdown are casting a shadow over Asia's recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their econom...

World stocks eye sixth day of gains but euro hit as activity sours

World stocks eye sixth day of gains but euro hit as activity sours

-- 2022-07-22 16:55:59

Global stocks edged up on Friday, eyeing a sixth day of gains, while weak euro zone business activity data hit the euro and weighed on the bloc's debt. The MSCI World index, its broadest gauge of equ...

Europe's banks brace for bumpy ride

Europe's banks brace for bumpy ride

-- 2022-07-22 15:23:03

Europe's banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their busin...

Asian stocks set for best week in two months; dollar heavy

Asian stocks set for best week in two months; dollar heavy

FE ONLINE DESK 2022-07-22 09:56:53

Asian stock markets were on course for their best week in months and the dollar held off recent record highs after the European Central Bank (ECB) raised rates for the first time in more than a decade...

New Sri Lankan government must raise taxes, make difficult reforms: central bank governor

New Sri Lankan government must raise taxes, make difficult reforms: central bank governor

-- 2022-07-21 10:52:01

Sri Lanka's new president will have to deal with daunting political challenges and his reforms should include tax rises to stabilise a devastated economy, the central bank governor told the Financial...

EU wants full implementation of labour roadmap for trade facility

EU wants full implementation of labour roadmap for trade facility

-- 2022-07-19 20:45:41

The European Parliament's delegation on international trade on Tuesday said that the block wants full implementation of Bangladesh government's commitment to implement a labour roadmap. "We want the...

Pakistani rupee falls to all-time low against US dollar

Pakistani rupee falls to all-time low against US dollar

-- 2022-07-19 18:19:12

The Pakistani rupee fell to an all-time low against the dollar for the second day in a row on Tuesday, closing at Rs222 in the interbank market. According to the Forex Association of Pakistan (FAP),...

Indian rupee falls past 80 against dollar to hit record low

Indian rupee falls past 80 against dollar to hit record low

-- 2022-07-19 17:29:28

The Indian rupee hit a seventh straight session of record lows on Tuesday as weakness in domestic shares and currencies weighed, but dollar selling intervention by the central bank helped limit furthe...

Asian shares drift lower in choppy markets

Asian shares drift lower in choppy markets

REUTERS 2022-07-19 09:08:58

Asian shares slipped on Tuesday, following overnight declines on Wall Street, and the dollar hovered below last week's peak, but traders' main focus was approaching central bank meetings and the early...

Sri Lanka crisis is a warning to other Asian nations: BBC

Sri Lanka crisis is a warning to other Asian nations: BBC

BBC 2022-07-18 17:21:30

Sri Lanka is in the midst of a deep and unprecedented economic crisis that has sparked huge protests and seen its president quit after fleeing the country - but other countries could be at risk of sim...

Australia, New Zealand dollars get a lift from sky-high inflation

Australia, New Zealand dollars get a lift from sky-high inflation

-- 2022-07-18 16:41:08

The New Zealand dollar got a rare rally on Monday after an alarmingly high reading on inflation stoked speculation of more aggressive rate hikes, pushing up bond yields and its Australian cousin. The...

China's monetary policy has ample room to meet challenges: State media

China's monetary policy has ample room to meet challenges: State media

-- 2022-07-17 17:09:32

China's monetary policy has ample room and sufficient tools, including further cutting banks' reserve requirements, to cope with new challenges amid a shaky economic recovery, says Reuters citing a co...