World Bank IDA Approves $700 Million Financing for Sri Lanka
The World Bank Board of Directors have approved a $700 million financing for Sri Lanka’s budgetary and welfare support from its concessionary International Development Association...
Category : WORLD
PM Modi, Biden Announce Defence and Chip Deals on First State Visit
During his first state visit, Prime Minister (PM) Narendra Modi and US President Joe Biden announced a series of defence and commercial deals designed to...
Bank of England Hikes Rate to 5%, Highest Since 2008
On Thursday, the Bank of England (BoE) raised its interest rates by 50 basis points (bps) or half a percentage point, a bigger-than-expected rise. The...
PM Modi to Meet 15+ CEOs, Including Sundar Pichai, Tim Cook and Satya Nadella, During His First State Visit
Prime Minister Narendra Modi is set to meet 15-20 Chief Executive Officers (CEOs) of US companies, including top tech leaders in Washington, for three out...
Amazon Sued by US FTC for ‘Knowingly Duping’ People to Sign Up for Prime Membership
The US Federal Trade Commission (FTC) has sued the e-commerce giant Amazon, accusing the company of “knowingly” deceiving millions of customers into subscribing to its...
Cathie Wood’s Ark Sells Major Tesla Holdings, Again
Cathie Wood-led asset management company Ark Invest sold significant Tesla holdings on Tuesday, despite the stock reaching eight-month highs. Ark Invest offloaded 31,500 Tesla shares...
China’s Currency to Get a Boost as Two Dozen Hong Kong Stocks to be Priced in Yuan
Hong Kong Stock Exchanges and Clearing (HKEX) is launching the HKD-RMB Dual Counter Model program to attract overseas investors with yuan holdings and, eventually, mainland...
Asian Stocks Corrected Ahead of China’s Interest Rate Decision, Powell’s Testimony
Asian stocks moved in a flat-to-low range on Monday, consolidating gains after their best weekly run in five months, as investors awaited more interest rate...
China Lowers Medium-term Loan Rates, Following Short-term Lending Rate Cut
In line with market expectations, the People’s Bank of China (PBOC) cut the borrowing rate of its one-year medium-term lending facility (MLF) for the first...
Bank of Japan Keeps Interest Rates Ultra-low Despite High Inflation Risks
Japan’s central bank continued to maintain its ultra-loose monetary policy despite stronger-than-expected inflation and fragile economic growth. The Bank of Japan (BOJ) remains a dovish...
