(Reuters) – The International Monetary Fund confirmed on Sunday that a staff team will visit Ghana this week to continue discussions with the authorities on policies and reforms that could be supported by an IMF lending arrangement. Ghana turned to the IMF for help in July as its balance-of-payments deteriorated and hundreds took to the …
IMF team heads to Ghana on Monday to discuss loan programme request Read More »
(Reuters) – Saudi Arabia will invest 40 billion riyals ($10.6 billion) in developing local infrastructure projects in 11 cities, state TV reported on Saturday citing the Ministry of Municipal and Rural Affairs and Housing. ($1 = 3.7620 riyals) (Reporting by Nayera Abdallah; Editing by David Clarke)
DAR ES SALAAM (Reuters) – Tanzania’s central bank will reduce liquidity in the economy in September and October to slow rising inflation in the east African country, a statement from the bank’s monetary policy committee (MPC) published on Saturday said. “In the context of … high inflation and commodity prices, which has contributed to rising …
Tanzania central bank to reduce liquidity to tackle inflation Read More »
By Chibuike Oguh NEW YORK (Reuters) – A blank-check company backed by private equity firm TPG Inc said on Friday it plans to wind down its operations and return money to investors after failing to find a suitable target to merge with during market volatility. TPG Pace Beneficial Finance Corp said it would begin returning …
By Jeff Mason, Valerie Volcovici and Andrea Shalal WASHINGTON/PITTSBURGH (Reuters) -The White House on Friday said it condemned recent comments on climate change by World Bank President David Malpass, who came under fire this week after he declined to say whether he accepts the scientific consensus on global warming. “We condemn the words of the …
White House condemns World Bank chief Malpass’s climate comments Read More »
LONDON (Reuters) – Pakistan’s bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations Development Programme was set to publish a memo urging the country to restructure its debt. Long-term worries about Pakistan’s finances have been compounded over the last month by devastating Monsoon …
Pakistan’s bonds slump on report UN DP to recommend debt restructuring Read More »
By Shreyashi Sanyal and Johann M Cherian (Reuters) -European stocks extended falls on Friday, dragged down by Credit Suisse and as an array of data pointing to an economic downturn in the region added to worries over a hawkish Federal Reserve. The pan-European STOXX 600 index was down 0.4%, as of 0806 GMT, hovering near …
European shares extend falls, Credit Suisse hits record low Read More »
MADRID (Reuters) -Spanish GDP grew faster in the second quarter than originally estimated, compared with the prior quarter, reflecting a healthy Easter rebound from the winter months and a more robust export rise, data from the National Statistics Institute showed on Friday. INE upgraded quarterly growth in the period to 1.5% from an original 1.1% …
Spain Q2 quarterly GDP growth revised to 1.5% from 1.1% Read More »
ZURICH (Reuters) – Switzerland’s second-quarter current account surplus narrowed by nearly 1 billion Swiss francs to 11 billion Swiss francs ($11.23 billion), the Swiss National Bank (SNB) said on Friday. The SNB acquired 1.95 billion francs in reserve assets during the second quarter, down from 3.24 billion in the first three months, indicating the SNB …
Swiss Q2 current account narrows, reserve asset growth slows Read More »
BRASILIA (Reuters) – Brazil’s government estimated on Thursday it will post a primary surplus this year, the first since 2013, with public accounts benefiting from booming tax revenue and hefty dividends from state-owned companies. The Economy Ministry forecast a 13.548 billion reais ($2.63 billion) primary budget surplus for the central government, comprising Brazil’s Treasury, central …
Brazil government projects 2022 primary surplus of $2.6 billion, first in nine years Read More »
