Wed, 28 Sep 2022

Asian Development Bank cuts Asia growth forecast

MANILA, Philippines: Amidst increased central bank monetary tightening, Russia's invasion of Ukraine and COVID-19 lockdowns in China, the Asian Development ...

Stock falls after Gap cuts 500 corporate jobs

SAN FRANCISCO, California: Amidst declining margins and weak sales of outdated clothes of its brands, including Old Navy and Banana ...

Seeking rebound after Covid, Shanghai begins construction projects

SHANGHAI, China: After its economy slowed due to COVID-19 lockdowns in April and May, Shanghai, China's largest city, announced the ...

CBUAE offers to sell silver commemorative coins

ABU DHABI, 27th September, 2022 (WAM) -- The Central Bank of the UAE (CBUAE) is selling silver commemorative coins issued ...

Despite IMF loans, Pakistani rupee continues to fall

Islamabad [Pakistan], September 27 (ANI): Despite the inflow of International Monetary Fund (IMF) loans, Pakistan's currency continues to fall. The ...

Real estate sector well-placed to absorb RBI's another rate hike, says Anarock

New Delhi [India], September 27 (ANI): With the inflationary pressures evident across the globe, many countries have been witnessing back-to-back ...

Sensex, Nifty rangebound after four straight sessions of slump

Mumbai (Maharashtra) [India], September 27 (ANI): The Indian stock market's key indices, Sensex and Nifty, were rangebound with positive bias ...

Eurozone economic growth may drop to zero ECB

Economic output has been suffering due to rising energy costsEurozone economic growth has slumped and could soon wind down to ...

Indian stocks rise after fourth straight day of sharp slump

New Delhi [India], September 27 (ANI): Snapping four straight sessions of sharp losses, Indian stocks again gained some momentum in ...

Quad alliance to amplify supply-chain and investment shifts; India to benefit: Moody's

New Delhi [India], September 27 (ANI): Deepening economic relationships among members of the Quad to increase technological and energy security ...

WhatsApp to roll out call links feature, tests 32-person video chats

Washington [US], September 26 (ANI): Instant messaging and calling service Whatsapp will be rolling out a new feature that allows ...

RBI imposes monetary penalty on Hissar Urban Cooperative Bank

Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary ...

ECB expects economic activity to slow, interest rates to increase further

© Provided by Xinhua Addressing a hearing of the European Parliament's Economic and Monetary Affairs Committee, Lagarde said: "We expect ...

EU central bank warns outlook is darkening

The ECB has slashed growth forecasts, hiking interest rates even as it predicts inflation will climb furtherEurope is facing lower-than-expected ...

RBI imposes monetary penalty on Varachha Co-operative Bank

Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary ...

5 steps you can take to manage a hike in interest rates

The governor of the South African Reserve Bank recently announced an increase in the lending rate by 75 basis points. ...

Twilight of the Tigris: Iraq's Mighty River Drying Up

It was the river that is said to have watered the biblical Garden of Eden and helped give birth to ...

China raises reserve requirement for forward forex trading

© Provided by Xinhua BEIJING, Sept. 26 (Xinhua) -- China will elevate the foreign exchange risk reserve ratio for forward-forex ...

Why Patagonia's purpose-driven business model is unlikely to spread

Patagonia founder Yvon Chouinard, his wife, Malinda, and their two adult children no longer own the outdoor gear and apparel ...

Worst bond market crash in over 70 years coming Bloomberg

The central banks aggressive interest rate hikes could cause a heavy selloff, strategists reportedly warnGlobal government bonds are on course ...

Sensex slumps 954 points tracking weakness in global equities

Mumbai (Maharashtra) [India], September 26 (ANI): The Indian stock market's key indices, Sensex and Nifty, slumped by nearly two per ...

Tax Cut Plans Pull British Pound to 4 Decade Lows

London - The British pound has resumed a slide against the U.S. dollar that picked up pace last week after ...

Sensex, Nifty slump tracking weakness in global equities

Mumbai (Maharashtra) [India], September 26 (ANI): The Indian stock market's key indices, Sensex and Nifty, were trading with a loss ...

Slump in Indian stocks continues over monetary policy tightening risks

New Delhi [India], September 26 (ANI): Indian stocks extended their losses from the previous week and declined further on Monday ...

Italy Voters Shift Sharply, Reward Meloni's Far-Right Party

rome - Italian voters rewarded Giorgia Meloni's euroskeptic party with neo-fascist roots, propelling the country toward what likely would be ...

No let-up in Rupee depreciation; touches another lifetime low

New Delhi [India], September 26 (ANI): Continuing with the depreciation, Rupee slipped further from the past week's low and hit ...

Poverty and Inflation: Egypt's Economy Hit by Global Turmoil

DUBAI, United Arab Emirates - Stores are selling winter clothes from last season in the middle of summer. Repair shops ...

Lebanon's Banks to Reopen on Monday

BEIRUT - Lebanon's banks will reopen on Monday, the banking association said, after five days of closure following a wave ...

World Bank Pledges $2 Billion for Flood-Ravaged Pakistan

Islamabad - The World Bank said it will provide about $2 billion in aid to Pakistan, ravaged by floods that ...

Italians Vote in Election That Could Take Far-Right to Power

Rome - The Italians voted Sunday in an election that could move the country's politics sharply toward the right during ...

Union minister Jitendra Singh interacts with Indian diaspora in US

New York [US], September 25 (ANI): Union minister Jitendra Singh, who is on a 5-day visit to the US on ...

Russia's forex reserves maintain growth

Half of the holdings remain frozen as part of Ukraine-related sanctionsRussia's foreign currency reserves increased by $300 million, or 0.05%, ...

Foreign investors remain net buyers in India for third straight month

New Delhi [India], September 25 (ANI): Foreign portfolio investors (FPIs) have continued to remain net buyers in Indian equity markets ...

Billionaire investor warns worst is yet to come for US economy

Inflation cannot be cured, Carl Icahn saysLoose monetary policy has spawned record-high inflation in the US economy, a circumstance that ...

Rupee has held "very well" against US Dollar compared to other currencies: FM Nirmala Sitharaman

Pune (Maharashtra) [India], September 24 (ANI): The Indian Rupee has held "very well" against the US Dollar compared to other ...

Pakistan seeks debt relief from Paris Club creditors

Islamabad [Pakistan], September 24 (ANI): Pakistan Finance Minister Miftah Ismail has said that his country is seeking debt relief from ...

At Bihar rally, Shah highlights India becoming 5th largest economy in world overtaking UK

Kishanganj (Bihar) [India], September 24 (ANI): Highlighting the country's growth stride, Union Home Minister Amit Shah on Saturday said that ...

US oil reserves at lowest level in decades media

The stockpile has been gradually shrinking due to Washington's attempts to stabilize gasoline pricesUS strategic petroleum reserves (SPRs) have shrunk ...

Hungarian FM warns of apocalyptic conflict

Preventing a direct military confrontation between NATO and Russia is now everyone's main task, Peter Szijjarto has saidThe international community ...

Why Japan's central bank sticks to ultralow rate policy

© Provided by Xinhua Experts here believe that there are reasons behind the BOJ's decision to keep the ultralow rate ...

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Indian Navy's P8I Aircraft participates in Exercise Kakadu in Darwin

New Delhi [India], September 27 (ANI): The Indian Navy's Long Range Maritime Reconnaissance Aircraft P8I participated in the Multinational Maritime ...

PM Modi holds 'productive' talks with Australian counterpart Albanese in Tokyo

Tokyo [Japan], September 27 (ANI): Prime Minister Narendra Modi on Tuesday met Australian Prime Minister Anthony Albanese and noted that ...

China finishes in top two of Women's Basketball World Cup Group A

© Provided by Xinhua China advanced to the quarterfinals as the second-placed finisher in Group A at the FIBA Women's ...

Adapting to conditions in Australia for T20 World Cup will be biggest challenge for team: India batting coach

Thiruvananthapuram (Kerala) [India], September 27 (ANI): Indian batting coach Vikram Rathour has said the team is looking to improve in ...

Skilling population between 15 and 25 is a major challenge: Union minister Dharmendra Pradhan

New Delhi [India], September 27 (ANI): Indian civilization has always been knowledge-based and knowledge-driven, Union Education minister Dharmendra Pradhan said ...

India to face Spain in Hockey World Cup opener

Lausanne [Switzerland], September 27 (ANI): The Indian hockey team will start its 2023 Hockey World Cup Campaign against Spain at ...

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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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