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Economy News

Oil majors pledge $150M to World Bank methane fund

Oil majors pledge $150M to World Bank methane fund

At the COP28 climate event in Dubai, a significant new initiative was launched to combat methane emissions in the oil…
Zimbabwe foreign exchange inflows reach $9.44 billion on diaspora remittances

Zimbabwe foreign exchange inflows reach $9.44 billion on diaspora remittances

Zimbabwe has seen a significant rise in foreign exchange inflows, reaching $9.44 billion, bolstered by a robust growth in diaspora…
IMF Executive Board excludes Pakistan from December agenda amid financial uncertainty

IMF Executive Board excludes Pakistan from December agenda amid financial uncertainty

Pakistan’s economic prospects have been hit with uncertainty as the International Monetary Fund (IMF) Executive Board has not scheduled a…
Australia’s central bank holds rates steady until at least February

Australia’s central bank holds rates steady until at least February

FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018.…
RBA keeps rates steady in final meeting of 2023; inflation risks remain

RBA keeps rates steady in final meeting of 2023; inflation risks remain

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Top development banks, funds set up ‘debt-for-nature’ task force

Top development banks, funds set up ‘debt-for-nature’ task force

2/2 FILE PHOTO: Fishermen go out to sea after Ecuador’s goverment expanded the protected marine area around the Galapagos Islands,…
JP Morgan president warns of economic risks amid high inflation and rising interest rates

JP Morgan president warns of economic risks amid high inflation and rising interest rates

Daniel Pinto, the president of JP Morgan Chase (NYSE:JPM) & Co., expressed concerns about the vulnerability of the robust U.S.…
ECB hints at potential rate hikes in upcoming policy decision

ECB hints at potential rate hikes in upcoming policy decision

The European Central Bank (ECB) could potentially increase rates in the upcoming policy decision on October 26, according to Klaas…
Analysis-IMF warning on China puts ‘Japanization’ risk in spotlight

Analysis-IMF warning on China puts ‘Japanization’ risk in spotlight

2/2 FILE PHOTO: A businessman walks inside the Japan bridge at La Defense financial and business district in Puteaux, near…
PNC Financial reports drop in profit, begins job cuts

PNC Financial reports drop in profit, begins job cuts

FILE PHOTO: A screen displays the logo and trading information for PNC Financial Services Group Inc. on the floor of…
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