NEW DELHI: Saudi Arabia has announced $3 billion in additional support for Pakistan and extended a $5 billion deposit, Pakistan Finance Minister Muhammad Aurangzeb said while talking to members of the media in Washington.
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TOKYO: Japanese Finance Minister Satsuki Katayama said on Thursday recent market turmoil has underscored how sharply interest rates can be driven by volatility spilling over from other markets, a dynamic she said had become too significant to overlook. “Financial markets have seen an excessive degree of volatility since Feb. 26, […]
Damages have yet to be calculated but a lawyer for the shareholders estimated they could total about US$2.5 billion. SAN FRANCISCO: A US federal jury found Elon Musk liable on claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate […]
TOKYO, March 13 : The dollar rose to more than three-month high on Friday and was set for its second weekly gain since the beginning of the war in Iran as turmoil in markets left it the last safe-haven standing. The euro fell to its weakest since November, and Japan […]
The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilise global energy markets roiled by the Iran war. Oil prices eased on Friday (Mar 13) morning in […]
LONDON: An AI productivity boom, if it materialises, may help buy major economies more time to clean up their strained public finances, economists say, although it won’t do the heavy lifting. The stakes couldn’t be higher. Debt is above 100 per cent of output across most rich economies and set […]
TOKYO: Japan has not eased its vigilance over exchange-rate movements, its top currency diplomat Atsushi Mimura said on Thursday, issuing a fresh warning against currency volatility after the yen surged against the dollar. “There has been various speculation on whether we conducted rate checks after the release of U.S. employment […]
LOS ANGELES: Instagram CEO Adam Mosseri on Wednesday (Feb 11) rejected the notion that users could be clinically addicted to social media, as he testified in a landmark California trial over whether his company knowingly hooked children on its platform for profit. Meta – the parent company of Instagram and […]
SEOUL: South Korea said on Friday it will open up its currency market to allow 24-hour trading starting in July, further removing restrictions on onshore trading in a bid to win an upgrade to developed-market status, the finance ministry said. After experiencing capital flight during the Asian Financial Crisis in […]
The US president also suggested that Colombia and Mexico could face military action if they do not reduce the flow of illicit drugs to his country. United States President Donald Trump said on Sunday (Jan 4) that the US might launch a second military strike on Venezuela following the capture […]