LiveItalian Inflation Rise in Oct Ahead of Eurozone Figures
Italian inflation rose to a new record high in October, highlighting the economic challenges facing new Prime Minister Meloni and growing the risk of a...
Category : ECONOMY
India’s Forex Reserves Record Lowest Level Since July 2020
The data showed that the Reserve Bank of India‘s foreign exchange reserves weakened from $4.5 billion to $528.37 billion on October 14. The current trend...
StatCan Data Shows Canada’s Annual Inflation Rate Eases Slightly to 6.9%
In September, Canada’s annual inflation rate inched down to 6.9 per cent, as lower prices at the gas pump offset another 41-year high in food...
UK Borrowing Costs Rise as BoE Sticks by Bond Plan Deadline
On Wednesday, British government borrowing costs jumped again after the Bank of England Governor told pension funds they had three days to fix liquidity problems...
US Producer Prices Jumped by More Than Forecast in September
In September, prices paid to US producers surged by more than expected, suggesting inflationary pressures will take time to moderate and keep the Federal Reserve...
Swiss Govt to Track Corporate Ownership in a Bid to Curb Money Laundering
On Wednesday, the Swiss government said it plans to create a central registry to track who owns legal entities to fight money laundering via shell...
Banks Plans to Increase Capital, Provisions for Unhedged FX Exposure: RBI
On 11 October, the Reserve Bank of India (RBI) amended the guidelines for banks for an increase in capital and provisioning requirements in relation to...
IMF Cuts 2023 Growth Outlook Amid Global Shocks
On Tuesday, the International Monetary Fund (IMF) cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high food and...
Japanese Foreign Currency Deposits Grow at Fastest Rate Since 2015
Bank of Japan’s recent data has revealed that Japanese retail foreign currency deposits have climbed this year as local investors switch out of a weakening...
Russian Economy Activity Slowed Significantly at September End, Says Bank of Russia
On Tuesday, the Bank of Russia reported that economic activity in the country slowed significantly at the end of September. However, he said that payments...