Economy

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World Bank readies Sri Lanka aid package, IMF calls loan talks ‘fruitful’

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka on its loan request, while the World Bank said.

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Economy News

Argentina will not modify $45 billion debt with IMF -finance minister

BUENOS AIRES (Reuters) – Argentine economy minister Martin Guzman said late on Friday that a $45 billion debt deal with the International Monetary Fund will not be modified, following a.

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Economy News

India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg

MUMBAI (Reuters) – India wants to be strong friends with the “liberal world” but it needs Russia’s assistance to defend its borders, Finance Minister Nirmala Sitharaman told Bloomberg in an.

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Economy News

Lebanon banking group rejects latest draft of financial recovery plan

BEIRUT (Reuters) -The Association of Banks in Lebanon said on Saturday it “completely rejects” the government’s latest draft of a financial recovery plan meant to pull the country out of.

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Colombia presidential candidates agree need for pension reform

By Nelson Bocanegra CARTAGENA (Reuters) – Candidates most likely to win Colombia’s presidential elections on Friday agreed for the need to reform the country’s unbalanced pension system so that it.

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Economy News

Indonesia’s Indrawati says palm oil export ban will hurt other countries, but necessary

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -Indonesia’s new palm oil export ban will hurt other countries but is necessary to try to bring down the soaring domestic price.

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Business Economy News

Traders bet Fed to go bigger, but Mester says not so fast

By Ann Saphir (Reuters) -With expectations for a half-percentage point rate hike at the Federal Reserve’s May meeting now locked in, traders on Friday piled into bets that the central.

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Economy News

Energy prices a ‘major concern’ for South Africa -Finance Minister Godongwana

By Rachel Savage and Karin Strohecker LONDON (Reuters) – Energy prices that have soared since Russia’s war in Ukraine are a “major concern” for South Africa’s economy, Finance Minister Enoch.

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Economy News

Wall Street stocks tumble amid rate hike jitters

(Reuters) – All three Wall Street benchmarks fell more than 2% on Friday, stumbling towards the end of a week which has seen whipsaw moves caused by surprise earnings news,.

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Economy News

Zelenskiy says Ukraine needs $7 billion per month to make up for losses caused by invasion

WASHINGTON (Reuters) – Ukraine President Volodymyr Zelenskiy said on Thursday that Ukraine needs $7 billion per month to make up for economic losses caused by Russia’s invasion of his country..

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