Ana Monteiro
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BRICS To Grow As Saudi, Iran, UAE, Egypt, Ethiopia Join Ranks
Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt to join its ranks on Jan. 1, South Africa’s envoy to the bloc said.
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World Bank Chief Seeks Record Help For Its Arm That Aids Poorest Nations
World Bank President Ajay Banga urged the lender’s members to make record contributions in the next funding round for its arm that helps the 75 poorest nations, warning of declining progress in the fight against poverty.
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Fed's Harker Says Central Bank May Now Be At Point Where It Can Hold Steady
Federal Reserve Bank of Philadelphia President Patrick Harker said the US central bank may be able to cease interest-rate increases, barring any surprises in the economy, though rates would need to stay at their current elevated levels for some time.
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Fed’s Williams Says He Sees Restrictive Rates For Some Time
The Fed’s July rate hike brought the benchmark federal funds rate to a target range of 5.25% to 5.5%, the highest level in 22 years.
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Fed’s Williams Says He Sees Restrictive Rates For Some Time
The Fed’s July rate hike brought the benchmark federal funds rate to a target range of 5.25% to 5.5%, the highest level in 22 years.
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IMF Changes Lending Rules, Paving Way For Billions For Ukraine
The IMF approved changes to its lending rules, enabling it to help countries facing exceptionally high uncertainty
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World Bank Cuts 2023 Forecasts And Warns Of Global Recession
The bank, which also cut its growth estimates for 2024, said persistent inflation and higher interest rates are among the key reasons.
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World Bank Cuts 2023 Forecasts And Warns Of Global Recession
The bank, which also cut its growth estimates for 2024, said persistent inflation and higher interest rates are among the key reasons.
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Fed Seen Leaning Toward Smaller Hikes After Wage Gains Cool
US average hourly earnings rose 0.3% in December from a month earlier and 4.6% from December 2021 — both less than expected.
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IMF Sees Gloomier World Economic Outlook Than Last Month
The International Monetary Fund said prospects for the world economy are more pessimistic than what it forecast last month as downside risks from the effects of Russia’s war and persistent inflation materialize.
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World Bank’s Malpass Says He Won’t Resign Over Climate Comments
World Bank President David Malpass said he hasn’t considered resigning and isn’t under pressure from member countries to do so.
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IMF Warns Faster Debt Relief Needed as More Nations Seek Help
More countries are likely to seek debt relief as a stronger dollar makes repayments tougher, and the program that rich nations have to help poorer ones needs to be faster and broader, the International Monetary Fund’s deputy chief said.
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IMF Warns Faster Debt Relief Needed as More Nations Seek Help
More countries are likely to seek debt relief as a stronger dollar makes repayments tougher, and the program that rich nations have to help poorer ones needs to be faster and broader, the International Monetary Fund’s deputy chief said.
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U.S. Goods-Trade Gap Narrows To Least Since October As Imports Drop Again
The U.S. merchandise-trade deficit narrowed in July to the smallest since October as imports fell for a fourth month.
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JPMorgan Says US Inflation Act Will Hardly Curb Inflation
JPMorgan economists said the Inflation Reduction Act will have "almost no effect" on price growth that's currently running at the fastest pace in four decades.
