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BANKING CRISIS PARAGUAY
- Ousted Paraguayan President Santiago Pena placed under house arrest after bank collapse; Pedro Alliana sworn in as sudden successor
Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse o...
- Paraguayan president Santiago Pena impeached minutes after resigning following bank collapse
The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing ...
Paraguay President Santiago Pena resigns after bank takeover sparks protests, threatens millions of depositorsParaguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, ...
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partnerFlávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on Octobe...
Charting the global economy: Price pressures continue to bubbleThe personal consumption expenditures price index, excluding food and energy, rose in line with expectations in July.
Charting the Global Economy: Factory activity sags on inflationGlobal economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crun...
Charting the global economy: US consumers keep fuelling growthUS consumer spending continues to drive robust economic growth, defying inflation and high interest rates. Elsewhere, the euro area's busin...
Charting the global economy: Bank of Japan raises interest ratesThe Bank of Japan raised its key policy rate to 0.5%, the highest since 2008, signaling stronger inflation. The rate hike reflects the cent...
'Everything is expensive!' Bolivia faces a shocking economic collapseBolivia Fuel Crisis: Bolivia struggles with fuel scarcity. Long lines at gas stations are common. The country's foreign currency reserves h...
Charting the Global Economy: Prospects dim for European economyThe euro fell to its lowest level since 2022 against the dollar after the purchasing managers gauge of service providers and manufacturers ...
Charting the Global Economy: New policies considered to be trade-restrictive hit a record in 2023The world’s three dominant economies are entering a new, combative phase as the US increasingly uses trade weapons borrowed from China’s pl...
From Europe to Japan, inflation expectations slowsInflation expectations declined in Europe, while retail sales and consumer sentiment in the US increased.
Charting the Global Economy: Houthi attacks intensify woes for global tradeThe recent spate of attacks by Yemen’s Houthi rebels on vessels transiting the major shipping route has resulted in several large shipping ...
IMF says Ukraine war prompts worst global food crisis since at least 2008"For this year alone, we estimate that highly exposed countries need as much as $7 billion to help the poorest households cope," IMF Managi...
For the global economy, it's the end of cheap money, soaring energy prices & crippling inflationUS consumer spending rose at a sluggish pace in July, even while Americans got some relief on prices, indicating the economy is feeling the...
Ties that bind the global economy are unraveling at a frightening paceRussia’s gross domestic product rose at a slower pace in the first quarter, hindered by the initial impact of sanctions, and its central ba...
What central banks did this week as the virus hit global marketsMeanwhile, the dollar staged its biggest jump in 12 years, climbing to a three-year high, as investors piled into haven assets.
- Tackling food inflation
There is need for proactive policy to tackle food inflation via globalisation.
- IMF takes on bigger role, seeks more funds
IMF's steering committee endorsed the Group of 20 summit plan for sustainable growth after the worst economic crisis in decades. 10 most tr...
- Financial markets brace for crucial week
US economic figures and a string of company results out next week could push panic-stricken traders to drag the world's economies closer to...