Bank of Japan governor Kazuo Ueda (C) and the policy board stood pat on monetary policy and said it stood ready to ease further if necessary

Japan Sticks To Ultra-loose Monetary Policy

The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remained stubbornly high.
More news
The idea of "de-globalisation" has gained traction since the war in Ukraine and pandemic-related lockdowns in China disrupted supply chains

WTO Warns Of 'First Signs' Of Trade De-globalisation

The de-globalisation of international trade is far from being a reality, but "the first signs of fragmentation" are appearing, the WTO warned Tuesday, concerned of the effects of the phenomenon on growth and development.
Illustration shows Chinese Yuan and U.S. dollar banknotes

Why China's Yuan Is Collapsing Against The Dollar

The rapid depreciation of the Chinese currency sounds like a paradox. China is still a significant exporter of manufacturing goods with a trade surplus, creating a strong demand for its currency.
The ECB is walking a tightrope between high inflation and a weakening economy

Pause Or Hike? ECB Rate Decision On A Knife Edge

The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone outlook as it decides whether to lift interest rates again or finally pause its historic hiking cycle.
The African Union is expected to join the G20 to give the continent more of a voice on the global stage

Group Of 20 Expands As African Union Joins Bloc

The African Union joined the Group of 20 leading economies at its summit on Saturday, giving the continent more of a voice on the global stage, with host Indian Prime Minister Narendra Modi saying it turned the often divided bloc into the "people's G20".
The ruble has come under increasing pressure in recent weeks as Russia's economy struggles with Western sanctions

Russia To Step Up Support For Sagging Ruble

Russia's central bank announced Wednesday it plans to sharply step up support for the ruble, which has weakened considerably after 18 months of Western sanctions following Moscow's military intervention in Ukraine.


IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.