IMF approves Ghana's $3 billion loan request
Daily NewsThe Executive Board of the International Monetary Fund (IMF) has unanimously approved a $3 billion bailout package for Ghana, which is facing economic difficultie...
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The Executive Board of the International Monetary Fund (IMF) has unanimously approved a $3 billion bailout package for Ghana, which is facing economic difficultie...
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Global debt increased by $8.3 trillion compared to the previous quarter and reached $305 trillion as of the end of the first quarter. While debt in emerging marke...
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United Nations (UN) Secretary-General Antonio Guterres thanked the parties for conducting the negotiations in a positive atmosphere, saying, “I am grateful to Pre...
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Recent speeches by Fed members revealed that there are different ideas within the Fed on whether to hike interest rates in June or hold steady. New York Fed Presi...
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Japan’s economy grew faster than expected in the first quarter, helped by a recovery in tourism following the lifting of pandemic restrictions, official data show...
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Oil steadied as a lackluster recovery in China overshadowed bullish outlooks from the International Energy Agency and upbeat U.S. data. U.S. crude traded around $...
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Asian markets were mixed as investors assessed economic data from the region and uncertainty over the U.S. debt ceiling. Asia-Pacific markets were mixed as invest...
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US House of Representatives Speaker McCarthy stated that an agreement on the debt limit is possible US House of Representatives Speaker Kevin McCarthy said, "It i...
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Sam Altman, CEO of OpenAI, the company that created ChatGPT, testified before the US Senate that he welcomes regulation of AI technology and that there is a reaso...
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Indian Foreign Minister Subrahmanyam Jaishankar said that according to EU Council regulations, Russian crude oil will not be subject to EU sanctions after being p...
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Fed Vice Chairman for Supervision Michael Barr said the agency will consider rule changes for large regional banks in the wake of bank failures and will require m...
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In a statement made by the United Nations, it was announced that they were at a sensitive point in the Black Sea Grain Initiative and that if the parties did not ...
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Fitch stated in its assessment of the elections, "The elections advancing to the second round are prolonging the uncertainty in the political and economic policie...
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The EBRD has lowered its growth forecast for Turkey this year from 3 percent to 2.5 percent. The European Bank for Reconstruction and Development (EBRD) has lower...
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Oil rose as the U.S. began searching for crude to fill its strategic reserves, but concerns about China’s economic recovery are growing. U.S. crude closed 1.5% hi...
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China’s industrial production accelerated to its highest level since September 2022 in April, but fell short of expectations. Industrial production in April rose ...
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Asia-Pacific markets were mixed as investors weighed key economic data from China, which missed estimates despite market expectations of a broader recovery. Retai...
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The US administration announced that it will purchase up to 3 million barrels of crude oil for its strategic petroleum reserve to be delivered in August. The US, ...
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US Treasury Secretary Janet Yellen reiterated her warning that the US could face a cash crunch by June 1 if the debt limit impasse is not resolved. US Treasury Se...
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The Fed has published the May 2023 issue of its Supervision and Regulation Report. The Fed noted in the report that recent bank failures revealed that the distrib...
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In a statement made by the United Nations, it was stated that Turkey was thanked for the efforts it made for the Black Sea Grain Initiative and that the food prod...
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