India must avoid ‘adventurism’, focus on bringing down inflation, central bank chief says
MUMBAI: India should avoid “adventurism” and continue to focus on bringing down inflation towards the target of 4% despite the growing clamour...
India’s forex reserves hit record high at $655.82 billion
MUMBAI: India’s foreign exchange reserves rose for a second straight week to hit a record high of $655.82 billion as of June...
IEA sees ‘major’ oil supply surplus emerging by 2030
The world is likely to have a “major surplus” of oil by 2030 as production is ramped up while the clean energy...
Global economy expected to stabilise first time in three years: World Bank
Growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26.
European Central Bank slashes rates amid inflation uncertainty
The European Central Bank (ECB) on Thursday slashed its interest rate for the first time since 2019, drawing strength from a cool-off...
Indian shares see worst session in 4 years on narrower lead for Modi’s alliance
Indian shares plunged over 8 per cent on Tuesday, set for their worst day in four years and erasing their gains for...
OPEC+ extends deep oil production cuts into 2025
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore...
Saudi Aramco share sale exceeds demand, could raise up to $13.1bn
Offering will be a gauge of Riyadh's appeal to foreign investors to overhaul its economy
China sets up $47.5bn investment fund to boost its semiconductor industry
Mammoth investment in the chip industry puts into perspective President Xi Jinping's drive to achieve self-sufficiency for China in semiconductors
Saudi Arabia plans multi-billion-dollar Aramco share sale by June: report
This will be one of the region's biggest stock deals and the offer could raise around $10 billion
Saudi sovereign wealth fund to reorganise management amid budget crunch, report
This will be the biggest management shake-up since the Crown Prince started his Vision 2030
ADB sells $3.5bn 2-year global benchmark bond
Transaction is lead-managed by Credit Agricole CIB, Deutsche Bank, JP Morgan, and Nomura.
Saudi Arabia’s NEOM secures $2.7bn new financing facility
New facility will be used to support NEOM’s short-term financing requirements
Oil prices dip following Iran’s downplay of reported Israeli missile attack
Explosions were heard at an airport in Isafahan, reports Iran's Fars news agency
Asia-Pacific economies predicted to grow 4.9pc in 2024, ADB reports
Inflation across the region is expected to reduce to 3.2% this year and 3% next year