The cash-strapped Pakistan government, a few days ago, planned to seek USD 2 billion in new foreign loans from the global financial bodies to respond to the coronavirus crisis. The loans that Pakistan ... ( read original story ...)
Indonesia raises 24.35 trln rupiah from debt auction, above target
Indonesia raised 24.35 trillion rupiah ($1.69 billion) from a bond auction on Tuesday, above the 20 trillion rupiah indicative target, the finance ministry said. JAKARTA, June 2 (Reuters) - Indonesia ... ( read original story ...)
Indonesia imposes tariffs on some textile imports until 2022
Indonesia has imposed tariffs on imports of some textile products for the period until November 2022, according to a finance ministry regulation, in a bid to protect local producers from a surge of ... ( read original story ...)
Indonesia bonds, rupiah jump as yield-hungry investors return
Rupiah hits 12-week high, 10yr yield hits 12-week low. Dollar weakness drives search for yield - analyst. Writes through, addin ... ( read original story ...)
Nissan to close two plants amid financial struggle from pandemic
Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the ... ( read original story ...)
India’s Credit Rating Cut Puts It One Step Away From Junk
India’s credit rating moved one step closer to junk after Moody’s Investors Service downgraded the nation to the lowest investment grade level and surprised economists by keeping it on a negative ... ( read original story ...)
U.K. Test Data Criticized; Hong Kong Extends Curbs: Virus Update
French Finance Minister Bruno Le Maire vowed not to raise taxes, even as the pandemic dealt a bigger blow to the economy than expected. Hong Kong extended virus-prevention measures after a new cluster ... ( read original story ...)
Hurting Hong Kong’s financial hub status will harm foreign businesses too, city’s commerce secretary says
As "one of three major financial centers" in the world, any damage to Hong Kong's status as a key hub will have have an impact on foreign firms as well, warned Hong Kong's secretary for commerce and ... ( read original story ...)
Qatar highest ranking GCC country in 2020 FM Global Resilience Index
Qatar is the highest ranking country in the Gulf Cooperation Council region in the 2020 FM Global Resilience Index, which is the definitive ranking of nearly 130 countries by the resilience of their ... ( read original story ...)
Kuwait’s Jazeera Airways to offer 50,000 free round-trip tickets to frontline workers
Tickets valued at $16.2 million can be used to fly to any destination in the airline's network and are valid until the end of 2021 Jazeera Airways is offering 50,000 free round-trip tickets valued at ... ( read original story ...)