/cloudfront-us-east-2.images.arcpublishing.com/reuters/R66AOBL3T5IPVJBUA2YDM3OCSQ.jpg)
COLOMBO/NEW DELHI, Dec 27 (Reuters) – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LXXFU6CJQ5N5BJSDFVGILBWBRU.jpg)
Ghana suspends payments on Eurobonds, commercial loans Announcement a week after IMF staff-level agreement Eurobonds sink up to 3 cents in dollar ACCRA, Dec 19 (Reuters) – Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit. Its finance ministry … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HHQHPQ5HNJMKVPINYXYRSBWZYU.jpg)
China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meet points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3OSKK2XRINM2FH7GKCCLX3STMY.jpg)
LONDON, Dec 5 (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, the BIS raised the concerns in its … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/GHL6SXTHDBLWXL2MSPAQ6XHVJA.jpg)
BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localised lockdowns, mass testing and other curbs that are fuelling frustration and darkening the outlook for the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/UZWXAEDHTBLPBLSRLMFXA223NY.jpg)
MUMBAI, Nov 7 (Reuters) – The big jump in India’s foreign exchange reserves in the last week of October was likely fuelled by the softer dollar and changes in the central bank’s forward book, economists said on Monday. India’s forex reserves rose by $6.5 billion to $531.1 billion in the week through Oct. 28, marking … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LHB6BAAEJFKQRDMKG2NVZQNB6U.jpg)
At least 112,000 Russians move to neighbour Georgia Georgia set to be one of fastest-growing economies Some locals being priced out of housing, education Economy could face hard landing if newcomers leave TBILISI, Nov 5 (Reuters) – As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom. Georgia is … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XQG5OJR5BBISTLKTTZ2EAF7VFE.jpg)
SHANGHAI/BEIJING, Oct 25 (Reuters) – China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources with direct knowledge of the matter told Reuters. The survey comes at a time when China’s yuan is hitting its weakest levels since the global financial … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/QZHJBRZ6VZI7NKXEXWLOS2WISI.jpg)
Yen volatile as Tokyo suspected of intervention for 2nd day FX officials remains tight lipped on intervention Policymakers keep up warning vs excess FX volatility BOJ Kuroda repeats need to keep ultra-low rates TOKYO, Oct 24 (Reuters) – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CEHYYQPTYBN7NINNO4I37ETF7U.jpg)
TOKYO, Oct 22 (Reuters) – Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting to shore up … Read more