Punjab National Bank uncovered a massive Rs 13,500 crore fraud involving Nirav Modi and Mehul Choksi, who manipulated the system to obtain fraudulent Letters of Undertaking. Choksi was recently ...
China’s March exports jump in temporary boost as Trump 2.0 heaps pressure
Exports rose 12.4% year-on-year, a five-month high, handily beating 4.4% growth expected in a Reuters poll of economists.
Singapore downgrades 2025 GDP growth forecast to 0 to 2%, citing impact of Trump tariffs on global trade
The tariffs imposed by Trump and the ongoing trade war between the US and China are expected to "weigh significantly on global trade and global economic growth", says the Ministry of Trade and ...
US-China tariff war a major risk: Singapore slashes GDP forecast for 2025 to 0 to 2%
The Ministry of Trade and Industry (MTI) downgraded Singapore's economic growth forecast for 2025 to zero to two per cent, citing the current US-China tariff war as a major risk to growth. In February ...
Sri Lanka’s tourism revenue up 4.6-pct in March 2025
Sri Lanka’s foreign exchange revenue from tourism rose to $354 million in March, rising 4.6 percent compared to the same month last year, the central bank said, quoting tourism promotion authorities.
EU to boost financial support for Palestinian Authority
The European Union will increase its financial support for the Palestinian Authority with a three-year package worth around 1.6 billion euros ($1.8 billion), the European Commissioner responsible for ...
OCI Is Said to Put Brakes on Malaysia IPO Plan on Market Turmoil
OCI Holdings Co.’s financial advisers have paused work on the potential listing of its Malaysian polysilicon business amid volatility in global stock markets, people familiar with the matter said.
Thailand Says US Tariff Talks to Factor in High Chinese Levy
Thailand’s tariff talks with the Trump administration will factor in the impact of the high taxes slapped on China as local producers fret over the risk of an increase in the influx of cheap imports ...
Philippines cuts rate, signals more easing on trade turmoil
although the BSP last month reduced banks’ reserve requirement ratio, freeing about 300 billion pesos ($5.2 billion) into the Philippine financial system.
Iran Has a Reason to Strike a Nuclear Deal: Its Economy Is in Trouble
Crippling sanctions and systemic corruption are pushing ordinary Iranians to the brink at a politically sensitive moment.