Global Economy

India, Japan Planning To Release Crude Oil On US Request: Report

India, Japan Planning To Release Crude Oil On US Request: Report

Reuters | Monday November 22, 2021

The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude

Pakistan Rupee Slumps To Record Low Against US Dollar: Report

Pakistan Rupee Slumps To Record Low Against US Dollar: Report

Asian News International | Saturday November 13, 2021

Analysts believe the demand for the foreign currency stood higher than supply amid an increase in import payments, rising global commodity prices and uncertainty about the resumption of the IMF loan programme

Despite Slow Export Growth, China Economic Outlook Upbeat

Despite Slow Export Growth, China Economic Outlook Upbeat

Reuters | Sunday November 07, 2021

Premier Li Keqiang said that China's government will take measures to support the industrial sector as the economy faces renewed downward pressures

Crude Oil Prices Settle Higher On Renewed Supply Concerns: Report

Crude Oil Prices Settle Higher On Renewed Supply Concerns: Report

Reuters | Saturday November 06, 2021

Brent crude rose $2.20 to settle at $82.74 per barrel, while U.S. West Texas Intermediate crude (WTI) gained $2.46 to $81.27.

US October Employment Rate Dropped To 4.6%, 531,000 News Jobs Added: Report

US October Employment Rate Dropped To 4.6%, 531,000 News Jobs Added: Report

Reuters | Friday November 05, 2021

U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided. Nonfarm payrolls increased by 531,000 jobs last month

US Economy Grew At 2% In September Quarter On Poor Consumer Spending

US Economy Grew At 2% In September Quarter On Poor Consumer Spending

Agence France-Presse | Thursday October 28, 2021

US economic expansion slowed dramatically in the third quarter to an annual rate of just two per cent as consumer spending moderated

Oil Traded Below Multi-Year Highs. Brent Crude Futures Registers 7th Weekly Gain

Oil Traded Below Multi-Year Highs. Brent Crude Futures Registers 7th Weekly Gain

Reuters | Saturday October 23, 2021

Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.

IMF Cuts Growth Outlook For Asia On Fears Of Fresh Covid Wave

IMF Cuts Growth Outlook For Asia On Fears Of Fresh Covid Wave

Reuters | Wednesday October 20, 2021

IMF slashed this year's economic growth forecast for Asia and warned that a fresh wave of COVID-19 infections poses downside risks to the outlook

"Quicker Vaccinations Key To Global Economic Recovery": IMF Chief

"Quicker Vaccinations Key To Global Economic Recovery": IMF Chief

Agence France-Presse | Friday October 15, 2021

Accelerating the pace of vaccinations worldwide will be key not just to containing the coronavirus pandemic, but also to resolving the speed bumps besetting the global economic recovery, IMF chief Kristalina Georgieva said Thursday.

India Recognises Importance Of Universal Vaccination: Nirmala Sitharaman

India Recognises Importance Of Universal Vaccination: Nirmala Sitharaman

Edited by Animesh Singh | Friday October 15, 2021

Nirmala Sitharaman has said that India recognises importance of universal vaccination to stem spread of pandemic

Global Debt Touched New High Of $226 Trillion In 2021, Says IMF

Global Debt Touched New High Of $226 Trillion In 2021, Says IMF

Press Trust of India | Wednesday October 13, 2021

Due to COVID-19 and policies put in place to respond to it, the global debt has jumped to a new high of $226 trillion, IMF has said

EU Holds World's Largest 'Green Bond' Sale, Raises 12 Billion Euros

EU Holds World's Largest 'Green Bond' Sale, Raises 12 Billion Euros

Agence France-Presse | Tuesday October 12, 2021

The money raised by the EU commission is to be handed out to member states to be spent on cleaner energy, energy efficiency and other ways to achieve the EU goal of carbon neutrality by 2050.

IMF Upgrades Eurozone Growth Rate To 5% From 4.6%

IMF Upgrades Eurozone Growth Rate To 5% From 4.6%

Agence France-Presse | Tuesday October 12, 2021

IMF said it now expects growth of five percent for the single currency area, compared to just 4.6 percent in its previous forecast in July.

At 8%, IMF Cuts China's Growth Rate For 2021 On Weakness In Real Estate

At 8%, IMF Cuts China's Growth Rate For 2021 On Weakness In Real Estate

Agence France-Presse | Tuesday October 12, 2021

The eight percent prediction by IMF is down 0.1 percentage points from its July estimate as analysts warn China is facing a painful fallout from real estate weakness and shocks from surging coal prices and shortages

India Likely To Be Only Country To Fill Global Supply Gap For Sugar: Report

India Likely To Be Only Country To Fill Global Supply Gap For Sugar: Report

Reuters | Saturday October 09, 2021

However, India's sugar policies, which include large subsidies, have been questioned for years at the World Trade Organization by competitors including Brazil and Australia.