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Money
China’s banks face $900b bill to meet global bailout rules
China's five largest lenders must raise nearly $900 billion in special debt by 2028 to comply with international…
Egypt’s CBE issues EGP 100b in T-bills
The Central Bank of Egypt (CBE) on Tuesday issued a total of 100 billion Egyptian pounds in four treasury bills…
Thailand plans to raise minimum daily wage to 400 baht in Oct.
Thailand's government announced plans to increase the daily minimum wage to 400 baht ($10.84) starting in October.
Swiss inflation surges, rate cut expected
Swiss annual inflation accelerated more than anticipated in April, rising to 1.4 per cent from 1 per cent in March,…
Argentina’s GDP to contract by 3.3% in ’24, grow 2.7% in ’25: OECD
Argentina’s economy is expected to contract by 3.3 per cent this year driven by hyperinflation, and sizeable fiscal…
Shanghai’s loans surge 7% in by end-Feb
Shanghai's loans surged seven per cent year-on-year to 11.4 trillion yuan ($1.61 trillion) by February's end,…
HSBC Holding leaves lending rate at 5.875% in H. Kong
HSBC Holdings kept its best lending rate in Hong Kong unchanged at 5.875 per cent.
OECD raises India’s growth forecast to 6.6% in ’24,’25
India’s economy will bloom by 6.6 per cent in 2024 and 2025, said the Organisation for Economic Cooperation and…
Indonesia’s inflation settles at 3% in April
Indonesia's annual inflation dipped in April to 3.00 per cent, staying within the central bank's target and…
OECD lowers Japan’s GDP forecast to 0.5% in ’24
The Organisation for Economic Cooperation and Development (OECD) projected Japan's GDP to expand by 0.5 per cent in…