Iraq will further cut its oil output and remains committed to the OPEC+ deal, finance minister and acting oil minister Ali Abdul Ameer Allawi said on Twitter. OPEC and its allies such as Russia are …
Major New Report on Economic Effects of COVID-19 in Iraq
KAPITA has compiled a study about the economic effects resulting from the COVID-19 Pandemic. The research aims to provide insights and recommendations to tackle the challenges and opportunities that …
South Korea Announces $29 Billion Third Stimulus Budget to Fight Virus Misery
South Korea unveiled on Wednesday a 35.3 trln won ($28.8 billion) supplementary budget, to raise the total stimulus to 270 trillion won for an economy facing its worst growth since the 1998 Asian …
Turkey’s Surging Money Supply Revives Fears of Inflation Takeoff
Turkish policy makers are pumping money into the economy at the fastest pace in over a decade to contain the fallout of the coronavirus pandemic, a move that risks weakening the currency and stoking …
Japan has no immediate plan to issue ‘corona-bonds’: finance minister Aso
Japan has no immediate plan to issue “corona-bonds,” or bonds issued specifically to cover the cost of combating the coronavirus pandemic, Finance Minister Taro Aso said on Tuesday. “We’re able to …
ADB expands trade finance programme to support private sector in Bangladesh
By Business Desk :The Asian Development Bank (ADB) has expanded the Trade Finance Program (TFP) to support private sector in Bangladesh by raising its financing limit to $755 million from $518 million …
How to flatten the recession curve and finance Bangladesh’s economic recovery
Bangladesh Bank (BB) has announced that it will ensure adequate liquidity in the financial system to support the operations of financial institutions, and has announced that it will buy treasury …
U.S. probe into India’s digital tax not a move of aggression, says Indian govt source
NEW DELHI, June 3 (Reuters) – The U.S. government’s move to launch a trade investigation into a digital services tax adopted by several countries including India should not be construed as a move of …
India Stocks Climb to Three-Month High on Economic Recovery Hope
The rally in Indian stocks showed no signs of abating Wednesday as investors continued to bet that easing of the nationwide lockdown will reboot economic growth. The rupee gained for a fourth day, …
India’s services sector slump stretched into May – PMI
India’s enormous services industry endured another month of devastating contraction in May as the coronavirus brought activity to a near halt, causing steep job losses and cementing fears of a deep …