Russia posts record current account surplus of $227 bln in 2022
According to the central bank, Russia's current account surplus achieved an all-time high in 2022, thanks to a decline in...
Global Economy
UK economists say BOE outlook for deep recession is misleading
Bloomberg: Some of Britain’s top economists warned that the Bank of England risks making a bad situation worse by publishing...
World currency reserves shrink by $1 trillion in record drawdown
Global foreign-currency reserves are falling at the fastest pace on record, as central banks from India to the Czech Republic...
Goal of ending extreme poverty by 2030 out of reach: World Bank
The world is unlikely to meet a longstanding goal of ending extreme poverty by 2030, the World Bank has said,...
Sri Lanka holds rates as central bank tries to stabilise harsh economic conditions
Sri Lanka kept borrowing costs unchanged for a second straight meeting, as the central bank judged the current level of...
Credit Suisse aims for stronger franchise from global review
Credit Suisse's top two executives have told staff the bank is working to establish a stronger franchise in the longer...
India amends policy to allow export-import payments in rupee
India has amended its Foreign Trade Policy to allow international trade invoicing, payment and settlement in the Indian rupee, activating...
Pakistan: Costly food, energy prices fuel weekly inflation
The weekly inflation slightly decelerated to 40.58 per cent largely driven by prices of essential kitchen items and high energy...
Gautam Adani now world’s third richest man
Indian billionaire tycoon Gautam Adani briefly became the world's second richest man, replacing Bernard Arnault by a whisker on the...
