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INTERNATIONAL MONETARY FUND AND WORLD BANK ANNUAL MEETINGS
World Bank has a $19 billion gameplan to expand its critical minerals business in five yearsWorld Bank President Ajay Banga has set a target to quintuple the lender’s critical minerals business over five years, with financing proje...- BoE's Bailey says energy price pass-through remains limited, rate risks persistBank of England Governor Andrew Bailey said rising energy prices have had limited broader inflationary effects so far, but warned that seco...
- US Market: Fed Chair Warsh offers no signal on October interest-rate decisionFederal Reserve Chair Kevin Warsh gave no signal on whether the US central bank would change interest rates at its October 27-28 meeting, r...
- WTO chief sees lasting impact on trade from Middle East war and geopoliticsThe World Trade Organization projects significant declines in both imports and exports due to these challenges. Companies are revising thei...
- Global Market: Yuan holds steady, set for third weekly gain on robust Chinese exportsChina’s yuan remained stable against the dollar, heading for a third consecutive weekly gain on resilient exports. The currency reached its...
- WEF could appoint Lagarde as early as November, sources sayChristine Lagarde is likely to be appointed as the chair of the World Economic Forum next month. This change would require her to step down...
- The 'biggest' risk to Asia’s economies isn’t over yet, IMF warnsThe IMF has warned that a prolonged Middle East war and renewed disruptions to energy production, shipping routes and critical infrastructu...
- Bessent urges World Bank to end restrictions on upstream oil, gas financingUS Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform...
- Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next yearBank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as po...
- Global Market: Lagarde says France must tackle debt woes through fiscal consolidationECB President Christine Lagarde stated on Wednesday that France must tackle its ballooning debt and deficit through domestic fiscal consoli...
- Dollar languishes as focus turns to CPI, Fed speakersThe dollar declined as traders awaited new information on the timing for interest rate increases. Investors reevaluated the recent rally fu...
- Global Market: BoE's Megan Greene says UK interest rates may not be restrictive enoughBank of England policymaker Megan Greene said the IMF’s upward revision to the UK’s economic growth forecast supports her view that monetar...
- IMF raises India’s FY27 growth forecast to 7%The International Monetary Fund has increased India's economic growth projections for FY27 and FY28 to 7%. This adjustment reflects resilie...
- Productivity gains from AI could help offset Asia's ageing population problem, IMF saysArtificial intelligence stands as a promising solution to counterbalance the issues arising from decreasing workforces across Asia. The Int...
- IMF says AI investment keeps global growth around 3%, with major Asia benefitsStrong investment in artificial intelligence infrastructure is helping keep global economic growth at around 3%, despite disruptions to ene...
- Pakistan sees growth above 4%, looks to raise more than $1 billion from privatisationThe outlook for Pakistan's economy appears optimistic, with anticipated growth rates of over 4% this fiscal year, spurred by strategic gove...
- AI investment boosts growth prospects for Asian economies: IMFIMF Managing Director Kristalina Georgieva said artificial intelligence infrastructure investment is supporting global growth at around 3%,...
- Policymakers take on energy shock, rising debt at IMF-World Bank meetingsFinance ministers and central bankers will meet in Bangkok to discuss challenges affecting the global economy this week. The key concerns i...
- World Bank in talks with 30-40 countries over aid to tackle Middle East energy shockThe World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global...
- IMF chief warns energy shock, growing debt and AI risks threaten global growthIMF chief Kristalina Georgieva warned that high energy prices, record public debt and the AI investment boom are fuelling inflation and thr...
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