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Dedollarization is under threat in Argentina after the US dollar zoomed 5,000% versus the peso over the past decade

The Argentine peso's plummeting value against the US dollar is undermining the country's efforts to…

Zahra Tayeb   


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Dollarization is the only way out for Argentina from its deepening debt trap, top economist Steve Hanke says

The top economist's comments as the South American nation struggles with a collapsing currency, tri…

Zahra Tayeb   


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1 min read

Russia is looking for money from 'friendly' nations to indirectly support its war in Ukraine, UK intel says

Russia is preparing the way for foreign investors to buy Russia's sovereign debt to "finance some o…

Sinéad Baker   


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Pakistan's total debt surges to Rs 12 trillion in first quarter

In the fiscal year, 2022-2023, in July-September the debt and liabilities stood at Rs 62.46 trillio…

ANI   


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India has strong forex reserves to face macro difficulties despite the recent fall: S&P

A report by the US-based rating agency S&P Global Ratings has pointed out that emerging markets…

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The Fed's fight against inflation hasn't caused a recession in the US yet, but it could lead to a global downturn

The Fed's interest rate hikes could have economic consequences well beyond US borders, according to…

Noah Sheidlower   


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Risk to India's sovereign rating from external pressures is limited: Fitch

The risk to India's sovereign rating from external pressures is limited, said Fitch Ratings on Wedn…

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India has fourth highest foreign exchange reserves in the world after China, Japan and Switzerland

This allowed the Reserve Bank of India to keep accumulating foreign exchange reserves, which s…

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Police obtain CCTV footage of Cyrus Mistry's car moments before it crashed

The footage shows the car passing through the Dapchari check post in Palghar district at 2.21 pm…

PTI   


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4 mins read

Sensex, Nifty50 slip amid weak global cues: HDFC twins tumble over 5%

Both the indices were down by 0.60% – Sensex was hovering at 61,359 points, while Nifty50 was at 18…

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Pakistan forex reserves slip to $4.3 billion, can cover 3 weeks of imports says Financial Post

In addition, remittances in July-December 2022 period were recorded at USD 14.1 billion, which i…

ANI   


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Revenge spending effect: Household savings dip to 5 -year low

Indian households' savings fell to a five-year low in 2021-22 as rising inflation gnawed into the p…

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Cyrus Mistry and co-passenger killed in car crash not wearing seat belts; over-speeding, error of judgment caused accident: police

Former Tata Sons chairman Cyrus Mistry and a co-passenger killed in the car crash on Sunday were no…

PTI   


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Mistry's funeral on Tuesday, family's moving tribute omits Tata stint

"It is with utmost sadness that we announce the sudden and untimely demise of our beloved Cyrus …

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Sri Lanka says it will default on its foreign debt as the cost of food and food imports spirals, report says

Sri Lanka appointed a new central bank governor last week who on Tuesday said the country had suspe…

Adam Morgan McCarthy   


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Bankrupt Sri Lanka, which has said it has less than a day of fuel left, is looking to buy cheap Russian oil

On Sunday, Sri Lankan energy minister Kanchana Wijesekera said there was less than a day's worth of…

Huileng Tan   


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5 mins read

IIFL Wealth Hurun India Rich List 2022 sees 149 new entrants

The top 10 list of new additions was dominated by the billionaire Abhay Vakil family — co-founder o…

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The US dollar is at a 20-year high and that's raising risks for the global economy and financial stability, says Mohamed El-Erian

The US Dollar Index, which tracks the greenback against six other currencies, recently logged a 10%…

Carla Mozée   


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Russia says it will sue if forced into a default — which would be the country's first sovereign debt default in over a century

Ratings agency S&P Global downgraded Russia's foreign currency payments to a "selective default" on…

Huileng Tan   


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Paytm stock dips 3% after Enforcement Directorate raids its offices

Shares of One 97 Communications, PayTM, slipped over 3% in the early trade after its premises were …