When Credit Agricole SA and HSBC Holdings Plc issued a payment guarantee for a $76.5 million fuel purchase from a Singapore trader in March, they unwittingly became the latest victims in a series of t …
Sri Lanka central bank cuts key rates by 100 basis points
The Central Bank of Sri Lanka on Thursday cut its benchmark lending and deposit rates by 100 basis points each, as it sought to counter the hit to economy from the COVID-19 pandemic. The central bank, …
Nepal’s ruling communist party’s meet to decide PM K P Sharma Oli’s future deferred for a week over floods
The meeting of the Nepal Communist Party’s 45-member powerful Standing Committee was scheduled to be held on Friday. A crucial meeting of Nepal’s ruling communist party to decide the political future …
South Korea Moon’s Support Falls Amid Soaring Housing Prices
South Korean President Moon Jae-in’s approval rating fell to its lowest level in four months, with many respondents blaming his government for not doing enough to rein in soaring real estate prices.
Nepal bans all Indian news channels except Doordarshan
The development comes after some Indian channels aired reports critical of Prime Minister K P Sharma Oli and his government …
Finance shake-up with Saudi derivatives market to launch in Q3
RIYADH: Saudi Arabia’s Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom’s financial landscape. An announcement about the launch of …
World Bank: $200 Million for Afghanistan to Protect People, Support Businesses Amid COVID-19
English News and Press Release on Afghanistan about Contributions, Health, Epidemic and more; published on 10 Jul 2020 by World Bank …
South Korea to hike tax on multiple home owners, top officials race to sell extra homes
South Korea said on Friday it will further tighten property market rules and impose heavier taxes on multiple homeowners as more than 20 rounds of cooling measures introduced in the past three years …
South Korea finance minister says will raise tax rates for multiple home owners
South Korea finance minister on Friday said the government will raise real estate taxes for multiple home owners and encourage renters to unload homes.
South Korea Unleashes New Property Curbs Amid Soaring Prices
South Korea’s government said it will raise property taxes for multiple-home owners, marking the latest action to curb excessive house price gains that have fueled public discontent over inequality …