A man walks past a foreign exchange outlet in Mexico City. File/Reuters
Pakistan’s central bank (CB) kept its main interest rate at 13.25 per cent, having recently stopped hiking rates as data on the economy has begun to show that inflation is steadying.
The National Bank of Hungary’s (NBH) closely watched gauge of lasting price developments, tax-adjusted core inflation, will peak at 3.8% in the fourth quarter and decline from the end of 2019, the bank said in its quarterly inflation report.
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Boeing Co’s 787 Dreamliner has returned to the world market for newly delivered aircraft at a time when demand for wide-body jetliners is finally stirring to life after a prolonged slump.
Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed.
AD Ports Group announced its financial results for the quarter ended 30 June 2022. The Group’s revenue grew 35% Year-on-Year to Dhs1,242 million in Q2 2022