It fell 7.6% on Tuesday, but the rally by shares of Taiwan Semiconductor (NYSE: TSM) has been nothing short of breathtaking.The semiconductor foundry company nearly doubled off its March lows and, ... ( read original story ...)
‘I can see the despair on their faces’: Lebanon’s economy unravels
People queuing for an ATM machine in the town of Akkar on 14 July. Photograph: Achilleas Zavallis for The Guardian Alain Bifani, the director general of Lebanon’s finance ministry for 20 years until ... ( read original story ...)
Good Money After Bad: America’s Failed Policy in Lebanon | Opinion
Lebanon is failing and the LAF is compromised ... The United States can no longer afford to finance Hezbollah's auxiliary force just because bureaucratic momentum at the Pentagon, State Department or ... ( read original story ...)
Controversy over seigniorage in Lebanon is a warning sign
Described as the profit made from printing money, seigniorage arises because currency carries a zero nominal interest rate and commercial banks receive, at best, paltry interest on the reserves they ... ( read original story ...)
Contentious budget vote could push Israel toward elections
Israel's finance minister said Thursday he would bring a short-term budget up for a vote next week, setting up a showdown between the bloated government's main two ... ( read original story ...)
UAE oil trader GP Global uncovers fraud among employees – letter
United Arab Emirates-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees, its legal representative said in a letter to the ... ( read original story ...)
Security tightened in UP districts bordering Nepal ahead of PM Modi’s visit to Ayodhya
The forces have stepped up vigil along the border in Maharajganj, Siddharthanagar, Shrawasti and Bahraich, Additional Director General of Gorakhpur Zone Dawa Sherpa said. ( read original story ...)
Thai finance ministry slashes 2020 GDP outlook to 8.5% contraction
Thailand's finance ministry on Thursday slashed its 2020 economic forecast to a record 8.5% contraction in gross domestic product from the 2.8% growth it projected in January, due to the impacts of ... ( read original story ...)
Thailand Sees 8.5% GDP Contraction as Virus Ravages Economy
Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year.The Finance Ministry’s forecast, released in Bangkok on ... ( read original story ...)
Thailand Downgrades Outlook With GDP Likely to Contract 8.5%
Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year. ( read original story ...)