The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of charging mostly middle and lower-income countries significant surcharges on larger loans that are not repaid quickly.
Democratic U.S. Senators Elizabeth Warren and Tina Smith have asked the Department of Labor to deny Swiss lender Credit Suisse Group AG a regulatory exemption related to its management of retirement funds as a result of a Justice Department settlement for bribery, according to a letter seen by Reuters on Friday.
The International Monetary Fund said on Friday it would remain "closely engaged" with Lebanon's authorities to help the crisis-ravaged country formulate an economic reform programme.
Colombia's economic growth probably slowed in the final quarter of 2021, but is expected to have hit a new annual record after authorities lifted coronavirus curbs and adopted expansive policies, a Reuters poll showed on Friday.
Turkish inflation will fall to around 24% by year-end and hit single digits by May of 2023, the finance minister said on Friday, painting a far rosier picture than that of economists who see it 10 percentage points higher.
Venture capitalists have invested billions of dollars in fast grocery delivery services such as Turkey's Getir and Germany's Gorillas and Flink, in a race to expand across Europe to meet soaring demand during COVID-19 lockdowns.
U.S. stocks were set for a slightly higher opening on Friday after a sharp selloff in the previous session when soaring inflation numbers raised fears about quicker interest rate hikes by the Federal Reserve.
Wall Street stocks fell sharply on Friday for the second straight day, as investors fretted about potential steep U.S.
Wall Street's main indexes were mixed on Friday as investors digested hot inflation data that caused a sharp selloff in the previous session on fears about quicker interest rate hikes.
Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and Ukraine.
U.S. stock indexes were mixed in choppy trading on Friday as investors digested hot inflation data that spurred a sharp selloff in the previous session on fears about aggressive interest rate hikes by the Federal Reserve.
Sri Lanka's foreign exchange reserves are plummeting, essential imports are stalling and opposition leaders and some experts warn that time is running out to avoid a sovereign default that would further upend the economy.
Investors are piling into derivatives linked to a rising euro, according to industry data and trading sources, as they bet the European Central Bank's hawkish tilt means the end to eight years of negative interest rates.
Canada's main stock index edged higher on Friday, adding to this week's gains, as rising concern that Russia could invade Ukraine sent oil and gold prices sharply higher.
The White House is warning the chip industry to diversify its supply chain in case Russia retaliates against threatened U.S.
The United States is seeking to free up half of the $7 billion in frozen Afghan central bank assets on U.S.
The European Union's markets watchdog said on Friday it will start working on a legal definition of "greenwashing" to underpin enforcement action as trillions of euros flow into funds that are advertised as climate-friendly.
There will be no access to the European Union for Britain's derivatives clearing houses after June 2025, the bloc's financial services chief Mairead McGuinness said on Friday.
Britain suffered a smaller economic hit than feared in December as COVID-19 cases mounted, capping a historic two-year collapse and rebound for the world's fifth-biggest economy, but surging inflation is set to slow the recovery in 2022.
Whether emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in them can escape yet another dire decade.
Singapore could return to a small budget surplus in 2022 as the economy recovers from the COVID-19 pandemic, with the government turning its focus to rebuilding public finances and an imminent tax hike after two years of unprecedented spending.
Malaysia's economy returned to growth in the fourth quarter of last year, as coronavirus curbs were lifted and economic activity resumed.
Malaysia's economy returned to growth in the fourth quarter last year with the central bank expecting the recovery to continue this year despite risks of further disruptions caused by the coronavirus pandemic.
Thailand's headline inflation rate is expected to top the central bank's forecast of 1.7% this year, but should remain within its target range, central bank officials said on Friday.
Wall Street tumbled in choppy trade on Friday, European shares finished lower but still eked out their first weekly gain of the year as traders grappled with decades-high inflation and the prospect of a tightened rate hike timeline from the U.S.
Wall Street oscillated in morning trading on Friday, backing down from early gains, and benchmark Treasury yields hovered around 2% as market participants grappled with decades-high inflation and the prospect of a tightened rate hike timeline from the U.S.
Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the U.S.
India is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion into the industry over the next few years to generate more than 1 million jobs.
At Texport Industries' factories in India's south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti tops and kids' clothes for U.S.
Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be "conceptually" open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does not see a need for it now.
