A former World Bank official who prepared reports at the center of a data-rigging scandal defended IMF chief Kristalina Georgieva. Because, the Economist magazine called for her
The dollar wallowed near its lowest level in a week. This is because, the improved risk sentiment wiped out recent gains amid easing concerns about
Taxes in the world’s wealthiest countries are rising. In this unprecedented COVID-era debt surge and according to some investors, even a good thing if it
The dollar held below a near one-month high. This is because the investors focused on two key risks. One is the Chinese property developer Evergrande
World stocks sold off while safe-haven assets gained as troubles at property group China Evergrande fed concerns about spillover risks to the economy. In the
Israel’s banking regulator extended until the end of the year a temporary provision. This will allow the banks to resume paying dividends. All these is because of
In the IMF’s executive board’s formal review, the International Monetary Fund chief Kristalina Georgieva denied allegations that she pressured World Bank staff to alter data to favor
Countries are facing challenges in rolling out final elements of tougher global bank capital rules. A senior Bank of England official said that this may need to coordinate on
European Union finance ministers said that changes to EU budget rules is now under review. It should support investment in the post-pandemic economy for allowing a more
According to a survey released by the New York Federal Reserve, the U.S. consumers’ expectations will change over the next year. In the coming three
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