Dollar Shortage Spurs 44% Devaluation in Malawi’s Currency
Malawi devalued its currency by 44% amid a shortage of dollars that has curbed imports of fuel and
2023-11-09 21:15
Japan’s Cabinet Set to Green Light $88 Billion Extra Budget
Prime Minister Fumio Kishida’s cabinet is set to green light a ¥13.2 trillion ($87.5 billion) extra budget to
2023-11-09 18:28
Philippine GDP Accelerates to Lead Region as Risks Remain
The Philippine economy remained on track to post Southeast Asia’s quickest expansion this year after a stellar third-quarter
2023-11-09 15:24
Premature ECB Rate Cuts Would Be Costly Mistake, IMF Warns
The European Central Bank would risk a costly mistake by loosening monetary policy too soon after pausing its
2023-11-08 20:29
Saudi Budget Deficit Blows Out to $9.5 Billion as Revenues Slip
Saudi Arabia posted a budget deficit in the third quarter that was almost seven times larger than in
2023-11-02 15:28
IMF Urges Australia to Tighten Policy Further to Quell Inflation
Australia needs to tighten monetary policy further as part of stepped up efforts to rein in inflation that
2023-11-01 07:46
German Economy Shrank in Third Quarter Amid Recession Threat
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for
2023-10-30 17:59
Charting the Global Economy: Inflation Picks Up in US, Tokyo
US underlying inflation picked up along with consumer spending as the third quarter drew to a close, government
2023-10-28 17:47
Lagarde’s Plan to Keep ECB Rates at Record Becomes a Test of Endurance
As night fell in Marrakech earlier this month, Christine Lagarde was there, busy talking to a colleague from
2023-10-28 16:16
Zambia Reaches Deal With Bondholders on Debt Restructuring
Zambia’s government reached an agreement in principle with a steering committee of holders of $3 billion in eurobonds
2023-10-26 17:20
Germany to Pass Japan as 3rd-Largest Economy, Helped by Weak Yen
Germany’s economy is projected to dislodge Japan’s as the world’s third largest in 2023, helped by a slide
2023-10-24 14:26
Argentina Heads to Runoff With Massa Surprisingly Leading Vote
Argentina’s election will be settled in a presidential runoff between Economy Minister Sergio Massa, who defied expectations to
2023-10-23 09:19