Talks to extend OPEC+ production cuts hit an impasse on Thursday after Iraq said it will only be able to reach its output target at the end of July, defying an ultimatum from Saudi Arabia and Russia …
Thailand reports 1 new coronavirus cases, no new deaths
BANGKOK, June 5 (Reuters) – Thailand on Friday reported one new coronavirus infection and no new deaths, taking its total confirmed cases to 3,102, of which 58 have been fatalities. The new case was a …
IMF urges Pakistan to freeze govt salaries
Islamabad, June 5 (IANS) The International Monetary Fund (IMF) has urged Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary …
IMF wants Pakistan to freeze all non-development expenditures
IMF wants Pakistan to carry out massive fiscal adjustments amounting to Rs1,150bn to cut budgetary deficit at 0.4% of the GDP …
India Stocks Set for Second Weekly Gain on Easing Lockdown
Indian equities rose, with the benchmark index set for a second week of gains, as Asia’s third-biggest economy continues easing a nationwide lockdown.The S&P BSE Sensex Index and NSE Nifty 50 Index …
China Tackles the Dirty Work of Finance
Beijing is scrubbing up. Late last week, the central bank excluded so-called clean coal from a draft list of projects eligible for green bonds. It’s a significant move that puts the world’s number-two …
Reopening Economy Drives India Bond Rebound Despite Moody’s Cut
(Bloomberg) — Private-sector Indian companies have fared well in the bond market this week despite a sovereign rating downgrade by Moody’s Investors Service, as investors focus more on early signs of …
Senators Push ‘Unprecedented’ Sanctions on China Over Hong Kong
A Senate Republican who’s sponsoring legislation to penalize banks that work with Chinese officials moving to crack down on dissent in Hong Kong said his bill would bring “unprecedented” action to the …
Lebanon Aims to Reconcile Financial System Loss Figures Next Week
Lebanon will decide on one approach on figures it is presenting in IMF negotiations, the presidency said on Thursday, seeking to reconcile different approaches taken by the government and central bank …
Validity Finance Hires Arbitral Atty To Head New Israel Office
Litigation funder Validity Finance has opened its first international office in Tel Aviv, making it the first U.S-based litigation finance firm to set up shop in Israel, the company has announced.