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The International Monetary Fund’s (IMF) board has approved a roughly $700 million loan for Pakistan under a $3 billion bailout, the fund and the finance ministry said on Thursday.
Citigroup will cut 20,000 jobs over the next two years, its Chief Financial Officer Mark Mason said, after the bank reported a $1.8 billion loss for the fourth quarter.
US producer prices unexpectedly fell in December amid declining costs for goods such as diesel fuel and food, suggesting inflation would continue to subside and allow the Federal Reserve
The US stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any guide. The S&P 500 ended the year on Friday
Despite a downturn in the financial position of other countries, the UAE has shown that where its economy is concerned, it is on sound, stable ground.
Indian markets on Tuesday made up for the losses it incurred on Budget day supported by a sharp decline in global oil prices. Sensex added 917 points during the day’s trade led by index-heavyweights like Reliance Industries, HDFC twins, ITC and ICICI Bank.
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far.
It was a very Black Monday for a very beleaguered nation, which is facing growing isolation as countries shun it. The coronavirus outbreak in China has not only taken a toll on human life, but also on the economy.
Asian and European stocks advanced on Tuesday, after Wall Street reached record peak on easing investor concerns over the economic impact of China’s coronavirus outbreak.
Stock markets across the world ticked higher on Friday, as investors bet that the damage to the global economy from China’s coronavirus outbreak would not be long-lasting.
