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...
Global Economy
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...
Americans are feeling better about the economy, but inflation worries still loom
Americans continue to feel slightly better about the economy as gas prices retreat from their early summer highs. Consumer sentiment...
JPMorgan team says Soft Landing is more likely than recession
By Tassia Sipahutar, Bloomberg A soft landing is becoming the more likely scenario for the global economy, which will continue...
Fed set for another 75-basis-point rate hike; early pivot unlikely
The Federal Reserve will deliver another 75-basis-point interest rate hike next week and likely hold its policy rate steady for...
Baring Private Equity raises $11B in its largest Asia buyout fund
Hong Kong-based Baring Private Equity Asia (BPEA) has closed its eighth pan-Asia fund at $11.2 billion, the largest in the...
