China stops short of Africa debt relief but pledges more cash in investments and credit linesChina has pledged $50.7 billion over three years in credit lines and investments to Africa but did not provide the debt relief many African...
How bad is Pakistan's debt crisis and can the IMF save it?Negotiations for a new government in Pakistan have calmed fears of instability following inconclusive elections, but the risk of an economi...
Middle East stock markets plunge as Israel goes to war with HamasThe surprise attack by Hamas on Israel has had a significant impact on Middle East markets, with stocks falling and creating a volatile wee...
World’s riskiest markets stumble into crisis with dollars scarceIn some of the world’s most vulnerable developing nations, the situations on the ground are dire. Shortages of dollars are crimping access ...
Emerging stocks are flashing a 2008 financial crisis signalThe price-earnings ratio of the benchmark MSCI Emerging Markets Index, based on trailing 12-month profits, has fallen below its price-earni...
IMF board releases over $1.1 billion in Pakistan bailout fundsIn a statement, IMF Deputy Managing Director Antoinette Sayeh said adhering to scheduled increases in fuel levies and energy tariffs was "e...
Ukraine's creditors agree 2-year freeze on $20 billion overseas debtWith no sign of peace or a ceasefire on the horizon nearly six months after Russia's invasion began, holders of around 75% of the outstandi...
IMF delegation visits crisis-hit Sri Lanka with time running outSri Lanka is battling its worst financial crisis since independence in 1948, as decades of economic mismanagement and recent policy errors ...
More pain in Sri Lanka before any resolution to crisisThe dire assessment by new Prime Minister Ranil Wickremesinghe this week of the island nation's economic plight was a necessary first step,...
Sri Lanka stumbles towards its first default on foreign debtThe island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 3...
Taliban gains give investors cause for concern beyond AfghanistanIran and then Iraq lie to the west of Afghanistan. Tajikistan, Turkmenistan and Uzbekistan are to the north. But the immediate focus for fi...
Foreign investors bet on economy rebound as they look beyond India's Covid-19 crisisWith new targeted lockdowns, the government reining in vaccine exports, and ventilators and other support now arriving from abroad, Mumbai'...
Saudi Aramco plans debt market comeback with multi-tranche bond dealGulf issuers have show no sign of slowing this year's blitz of issues on international debt markets as they work to plug finances hit by we...
State investors help plug Saudi Arabia's yawning deficit"In normal times the funding of the government from its own related entities may cause concern over transparency of the ultimate debt figur...
Saudi Aramco completes $69 billion SABIC stake deal, extends scheduleSABIC is the world's fourth-biggest petrochemicals company.
Saudi Arabia’s economy can ill afford oil-price war it beganIf oil prices fail to recover, the economy may be among the biggest victims.
Not even Aramco’s giant IPO can get Saudis trading more stocksWhile there were trading spikes around certain events, they proved short-lived.