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The Financial Express

Search results for: global

Indian home prices to accelerate again

Indian home prices to accelerate again

-- 2022-05-31 10:07:29

Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordab...

ADB stepped up support for Covid-19 response last year

ADB stepped up support for Covid-19 response last year

FE ONLINE DESK 2022-05-30 21:58:48

The Asian Development Bank’s private sector operations stepped up support for the region’s response to the Covid-19 last year, dedicating 78 per cent of $4.3 billion in the total project a...

WB to disburse $700m to Sri Lanka

WB to disburse $700m to Sri Lanka

-- 2022-05-30 19:46:45

The World Bank will disburse approximately USD 700 million to Sri Lanka within the next few months, Sri Lanka's foreign minister announced on Monday. This pledge was made when the World Bank's Countr...

Sri Lanka to pay $72.6m for 90,000 tonnes Russian oil, minister says

Sri Lanka to pay $72.6m for 90,000 tonnes Russian oil, minister says

-- 2022-05-29 10:46:27

Sri Lanka will pay $72.6 million to buy a 90,000-tonne shipment of Russian oil docked at Colombo's port for weeks, its energy minister said on Saturday, as the island nation works to restart its only...

Hong Kong seeks to revive global banking status

Hong Kong seeks to revive global banking status

-- 2022-05-27 11:29:01

Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business followin...

Musk sued by Twitter investors for stock 'manipulation'

Musk sued by Twitter investors for stock 'manipulation'

-- 2022-05-27 09:50:39

Billionaire Elon Musk was sued by Twitter Inc investors claiming he manipulated the company's stock price downward, as the chief executive of electric carmaker Tesla mounts a $44 billion takeover bid...

World Bank president says war in Ukraine may trigger global recession

World Bank president says war in Ukraine may trigger global recession

-- 2022-05-26 18:22:14

World Bank President David Malpass on Wednesday suggested that Russia's war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global reces...

Asia's war on inflation targets supply, not consumers

Asia's war on inflation targets supply, not consumers

-- 2022-05-26 14:16:22

From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be...

Russia inches closer to debt default as its licence to pay US bondholders expires

Russia inches closer to debt default as its licence to pay US bondholders expires

-- 2022-05-25 17:00:02

The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its licence to pay bondholders, as Washington ramps up pressure on the country following it...

Sri Lanka's prime minister takes on crucial finance ministry portfolio

Sri Lanka's prime minister takes on crucial finance ministry portfolio

-- 2022-05-25 13:37:29

Sri Lanka's Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president's office announced on Wednesday and will lead talks with the International Monetary Fund (IMF)...

Food crisis fuels fears of protectionism compounding shortages

Food crisis fuels fears of protectionism compounding shortages

-- 2022-05-25 11:02:43

A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the Wor...

Western countries must not trade security for economic profit, says NATO

Western countries must not trade security for economic profit, says NATO

-- 2022-05-24 17:44:05

Western countries must not trade security for economic profit, NATO Secretary-General Jens Stoltenberg warned on Tuesday, referring to debates over the use of Chinese technology in 5G networks and the...

Sri Lanka increases fuel prices to address economic crisis

Sri Lanka increases fuel prices to address economic crisis

-- 2022-05-24 14:10:27

Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in t...

Pakistan central bank hikes main policy rate by 150 bps to 13.75pc

Pakistan central bank hikes main policy rate by 150 bps to 13.75pc

-- 2022-05-23 20:28:42

Pakistan's central bank raised the key policy rate on Monday by 150 basis points to 13.75 per cent, the second hike in less than two months, as the South Asian nation grapples with a sinking economy....

Biden to launch Indo-Pacific economic plan to counter Beijing  

Biden to launch Indo-Pacific economic plan to counter Beijing  

-- 2022-05-22 19:16:15

US President Joe Biden arrived in Japan on Sunday to launch a plan for greater US economic engagement with the Indo-Pacific, facing criticism even before the programme is announced that it will offer...

Governments should subsidise food and energy, IMF boss says

Governments should subsidise food and energy, IMF boss says

BBC 2022-05-22 10:32:46

Governments need to subsidise the cost of food and energy for the poorest members of society, the head of the International Monetary Fund (IMF) has told the BBC. People around the world a...

Indian government trims tax on fuel to fight inflation

Indian government trims tax on fuel to fight inflation

-- 2022-05-21 22:17:31

India's Finance Minister Nirmala Sitharaman on Saturday announced a reduction of taxes on petrol and diesel to fight inflation and keep prices of essential items in check.The excise duty on petrol was...

Australia reports 48-year-low jobless rate

Australia reports 48-year-low jobless rate

-- 2022-05-20 19:38:45

Australia's unemployment rate stood at its lowest in almost 50 years in April as firms took on more full-time workers, a tightening in the labour market that will ratchet up pressure for further hikes...

Pakistan bans import of luxury goods as rupee hits new lows

Pakistan bans import of luxury goods as rupee hits new lows

-- 2022-05-20 16:26:04

Pakistan has imposed a complete ban on the import of more than three dozen non-essential luxury items as part of an emergency economic plan to stabilise the economy. On Thursday, Minister for Informa...

China wants to expand BRICS bloc of emerging economies

China wants to expand BRICS bloc of emerging economies

-- 2022-05-19 22:25:16

China wants to expand the group of emerging economies known as BRICS, in the first shake up of the bloc in over a decade, a senior Chinese diplomat said on Thursday.Brazil, Russia, India and China ini...

World Bank to offer $30 billion to address global food crisis

World Bank to offer $30 billion to address global food crisis

-- 2022-05-19 12:53:07

The World Bank said on Wednesday it will make $30 billion available to help stem a food security crisis threatened by Russia's war in Ukraine, which has cut off most grain exports from the two countri...

UK inflation hits 40-year high

UK inflation hits 40-year high

-- 2022-05-18 15:45:39

Britain’s inflation rate rose to the highest level in 40 years last month as Russia’s war in Ukraine fueled further increases in food and fuel prices. Consumer price inflation accelerated...

US Dollar Currency Index down 0.7pc at 103.39, lowest since May 6

US Dollar Currency Index down 0.7pc at 103.39, lowest since May 6

-- 2022-05-17 22:02:50

The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors' appetite for riskier bets diminished the US curren...

Ukraine war, India ban push wheat prices higher in global markets

Ukraine war, India ban push wheat prices higher in global markets

-- 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...

Taliban announces first annual Afghan budget

Taliban announces first annual Afghan budget

-- 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...

Dollar climbs to 20-year high on inflation fears

Dollar climbs to 20-year high on inflation fears

-- 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...

Japan's SoftBank faces record losses as investments sour

Japan's SoftBank faces record losses as investments sour

-- 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...

US consumer price growth slows sharply in April

US consumer price growth slows sharply in April

-- 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...

Ukraine war slowing global remittances growth: World Bank

Ukraine war slowing global remittances growth: World Bank

-- 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...

Indian shares end lower, rupee hits an all-time low

Indian shares end lower, rupee hits an all-time low

-- 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...