Banking Crisis

A senior British minister admitted Friday "I don't know where Boris is" as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.

The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.

The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and the liquidity crisis in June. Now, the International Monetary Fund (IMF) believes the crypto market could see another sell-off alongside crypto failures, including stablecoins.

The video clip from Henan shows a long queue of tanks preventing locals from reaching the bank branch.

The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.

The Central Bank of Sri Lanka (CBSL) has issued warnings to people against buying crypto assets in light of the lack of regulatory discipline at the time. Along with the governmental crisis and national economy crash, the ongoing slump in the global crypto industry is also a matter of concern for the CBSL.

Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.

A recent Twitter post by Kabir Haqmal, who earlier worked with the Hamid Karzai government, shows how many talented professionals in Afghanistan have been pushed into poverty.

Inflation has reached its highest levels in over 40 years in the US and Europe, which has forced central banks there to hike interest rates

Sri Lanka has sought a $55 million loan from India for the procurement of urea amidst threatening a severe food shortage. The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea.

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

The World Bank is planning to disburse $700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented economic crisis.

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework, the global lender has said.

The Sri Lankan Cabinet has approved seeking a 500 million dollar loan from the Exim Bank of India for the purchase of petroleum products amid a severe foreign exchange crisis in the island nation.

A senior British minister admitted Friday "I don't know where Boris is" as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.

The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.

The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and the liquidity crisis in June. Now, the International Monetary Fund (IMF) believes the crypto market could see another sell-off alongside crypto failures, including stablecoins.

The video clip from Henan shows a long queue of tanks preventing locals from reaching the bank branch.

The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.

The Central Bank of Sri Lanka (CBSL) has issued warnings to people against buying crypto assets in light of the lack of regulatory discipline at the time. Along with the governmental crisis and national economy crash, the ongoing slump in the global crypto industry is also a matter of concern for the CBSL.

Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.

A recent Twitter post by Kabir Haqmal, who earlier worked with the Hamid Karzai government, shows how many talented professionals in Afghanistan have been pushed into poverty.

Inflation has reached its highest levels in over 40 years in the US and Europe, which has forced central banks there to hike interest rates

Sri Lanka has sought a $55 million loan from India for the procurement of urea amidst threatening a severe food shortage. The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea.

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

The World Bank is planning to disburse $700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented economic crisis.

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework, the global lender has said.

The Sri Lankan Cabinet has approved seeking a 500 million dollar loan from the Exim Bank of India for the purchase of petroleum products amid a severe foreign exchange crisis in the island nation.