Asian Development Bank Renders $2.3-2.5 Bn for Floods in Pakistan
The Asian Development Bank proclaimed it would provide $2.3 to 2.5 billion for release processes for devastating floods in Pakistan that affected more than 33...
Category : ECONOMY
India’s Services Sector Growth Fell 6-Month Low in September
According to a private survey, India’s services sector activity had slumped to a six-month low by a substantial demand easing amid high inflation. The S&P...
Canada’s Exports Plunge in August as Crude Prices Drag
On Wednesday, Statistics Canada (Statscan) revealed that Canada’s exports dropped 2.9 per cent in August, largely driven by lower crude oil prices. Statistics Canada also...
New Zealand’s Central Bank Raises Rates by 50 Bps
New Zealand’s Central Bank increased interest rates by 50 basis points (bps) to a seven-year high of 3.5 per cent on Wednesday and highlighted more...
IMF Contemplates $1.3 Billion in Emergency Funding for Ukraine
The International Monetary Fund’s (IMF) executive board will be considering Ukraine’s request for $1.3 billion in supplementary emergency funding on Friday as Russia’s war in...
World Bank Approves $400 Mn for Decarbonisation Efforts in Egypt
On Monday, the World Bank Group said that it agreed to provide Egypt with USD 400 million to develop the transportation sectors and logistics and...
Manufacturing PMI Plunges to 3-Month Low of 55.1 in September on Poor Demand
In September, India’s factory growth fell to a three-month low due to moderate demand and output, despite strong business confidence and easing inflationary pressures. In...
$1.2 Trillion PM Gati Shakti Plan to Compete with China
Under a 100-trillion-rupee (USD 1.2 trillion) mega project called PM Gati, Modi’s administration plans to create a digital platform that combines 16 ministries. The platform...
Euro Zone Inflation Touches Record High 10% in 19 EU Countries
As per the reports, this month, Eurozone inflation zoomed past forecasts to hit a fresh record high, reinforcing expectations for another huge interest rate hike...
RBI Hikes Repo Rates by 50 Bps to 5.9%, 3rd Time in Row
On September 30, The Reserve Bank of India (RBI) declared a 50 basis points hike in the repo rate to step up its fight against...