Economy – Page 129 – Asian News from UK

Free fall of rupee triggers financial emergency in Pakistan

“Since the end of August, the yields on some of the government’s international bonds have jumped by a third, while the currency is one of the worst performing in Asia, said PBF

December 6, 2022

-Top News·Asia News·Economy

‘Pakistan won’t plead to IMF’: Dar on delay in funds

Finance Minister Ishaq Dar stated that the delay was not because of discrepancies within Pakistan’s positioning and standing and went on to criticise IMF’s “abnormal behaviour”, stating that Pakistan will not plead

December 3, 2022

-Top News·Asia News·Economy

Smaller rate hikes likely in December: Fed chair

Fed officials have ramped up their rhetoric in recent weeks to disseminate the message that there’s much more work to do, and will forge ahead with rate increases…reports Asian Lite News Jerome

December 2, 2022

Economy·USA

‘Economy ceased to be priority area of Xi Jinping’

The complete focus during the 20th party congress was seen shifted to politics, hyper-nationalism and military expansion Chinese economy has ceased to become a priority area for Chinese President Xi Jinping’s administration

November 5, 2022

-Top News·China·Economy

Global economy on brink of recession, warns World Bank

The World Bank chief noted at the press conference that world population growth is estimated at 1.1 per cent per year….reports Asian Lite News The global economy is “dangerously close” to a

October 14, 2022

-Top News·Economy

Pound falls sharply after BoE gives bond-buying end date

Pensions industry leaders and one of the Bank’s former deputy governors had earlier called for an extension to mop up the ongoing bond market fallout triggered by Chancellor Kwasi Kwarteng’s ill-received mini-budget

October 12, 2022

-Top News·Economy·UK News

Inflation in India to come down to 4%: IMF

According to the IMF, the global inflation rate is projected to be 8.8 per cent this year and come down to 6.5 per cent next year…reports Asian Lite News The International Monetary

October 12, 2022

-Top News·Business·Economy

IMF chief warns of darker global outlook

The IMF estimates that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year….reports Asian Lite News Managing Director of

October 7, 2022

-Top News·Economy·World News

ECB expects economic activity to slow

The euro area economy grew by 0.8 per cent in the second quarter of 2022, Lagarde explained, mainly owing to strong consumer spending on services as the economy reopened…reports Asian Lite News

September 27, 2022

-Top News·Economy·Europe

Sterling crumbles to record low

Sterling also tumbled 1.3% against the euro, having hit its lowest since September 2020 at 92.60 pence…reports Asian Lite News Sterling crashed to a record low on Monday as traders scampered for

September 26, 2022

-Top News·Economy·UK News

Economy - Page 129