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
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
Premier Li Keqiang said that China's government will take measures to support the industrial sector as the economy faces renewed downward pressures
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.
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 economic expansion slowed dramatically in the third quarter to an annual rate of just two per cent as consumer spending moderated
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 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
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.
Nirmala Sitharaman has said that India recognises importance of universal vaccination to stem spread of pandemic
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
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.
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
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.