ECONOMY & MARKETS

A GIC sign is pictured at their office in Singapore July 26, 2022.

Singapore's GIC Flags Market Risks; Inflation Here To Stay

Singapore sovereign wealth fund GIC, one of the world's biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks around the world to tighten policy.

Exclusive-IMF Says Bangladesh Seeks Loan Under Fund's Resilience Trust

Vehicles are stuck in traffic in the afternoon in Dhaka, Bangladesh, June 8, 2022.
Bangladesh asked the International Monetary Fund to start talks on a new loan under the creditor's Resilience and Sustainability Trust (RST), which is designed to help countries ensure sustainable growth, said Krishna Srinivasan, director of the IMF's Asia and Pacific Department, in a Tuesday interview.
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018.

IMF Says Not Holding Active Discussions On Potential New SDR Issue

A new issue of International Monetary Fund Special Drawing Rights reserves is among options that could be considered to aid countries struggling with spillovers from the Ukraine war but there are no active discussions on the matter, IMF officials said on Tuesday.
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People sit near a building reflecting a restaurant, at a shopping area in Beijing, China July 25, 2022.

Crisis Of Confidence Stifles China's Economic Recovery

Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero.
A security guard stands outside the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017.

RBNZ Reviews Recent Performance On Monetary Policy

New Zealand's central bank is reviewing its recent performance regarding monetary policy, Governor Adrian Orr said on Tuesday, after criticism of its pandemic measures, and those of other central banks, figured in a recent report.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Stocks Fall, Bonds Rise As Investors Seek Safety

Wall Street equities fell and U.S. Treasuries rallied on Tuesday a day before a likely Federal Reserve rate hike as investors grappled with growing economic concerns after retail giant Walmart Inc's profit warning and signs of a looming gas supply crisis in Europe.
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan's Nikkei index and various countries' stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022.

Stocks Fall, Bonds Rise As Investors Look For Safety

Wall Street equities fell and U.S. Treasuries rallied on Tuesday as investors grappled, a day before a likely Federal Reserve rate hike, with growing economic concerns after retail giant Walmart's profit warning and signs of a looming gas supply crisis in Europe.
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022.

Oil Rises For A Second Day On Supply Concerns

Oil prices rose on Tuesday for a second day on growing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a major pipeline.
U.S. dollar, euro and Ukrainian hryvnia banknotes are seen in this picture illustration taken in Kiev, Ukraine, October 31, 2016.

Gas Woes Drag Euro Lower, Dollar Gains On Recession Worry

The dollar rose against a basket of major currencies on Tuesday, reversing course after three straight sessions of declines as recession fears grew and investors awaited a Federal Reserve policy statement, while energy supply concerns weighed on the euro.
People change money at a currency exchange office in Istanbul, Turkey May 17, 2022.

Turkish Lira On Slow Slide In Search Of FX Relief

The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government's foreign exchange policy in the face of surging inflation and fears of global recession.

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