2023-12-02 08:45:52 Palakkad – Finance Minister KN Balagopal has said that the central government has cut 332 crore rupees from the IGST allocation to the state in the month of November. This will cause severe economic crisis in the state. He also said that he has given a letter to the central government against this. … Read more
2023-11-27 17:10:36 Chinese authorities sanctioned officials of Zhongzhi Enterprise Group, one of the largest shadowy financial institutions in China, on Saturday. The difficulties of this conglomerate highlight the weight of this alternative sector in the Chinese economy. Published on: 11/27/2023 – 6:10 p.m. 6 mn Haro on shadow finance in China. Beijing denounced “illegal crimes” … Read more
2023-11-19 13:43:04 Pakistan Finance Minister Shamshad Akhtar said that Pakistan will still need financial assistance from the International Monetary Fund. This remark was made while talking to the media on November 16. ” The country’s economy is still weak. Will have to rely on the IMF again. “We will approach the International Monetary Fund for … Read more
2023-11-14 02:27:49 Prices are rising very quickly in Argentina. The country actually saw its inflation rise to 142.7% in October over one year, compared to 138.3% in September. This index, among the highest in the world, is destined to weigh on the second round of the presidential election, in six days, between the Minister of … Read more
2023-09-11 16:22:23 Pakistan’s state-owned Pakistan International Airlines (PIA) has also suspended more flights following the financial crisis. PIA has limited funds to operate only for the next few months. PIA officials said that core operations and other assets will be put up for sale. The Pakistan Aviation Ministry has warned the interim government that PIA … Read more
The Nikkei Index, the Tokyo stock market, closed lower today. As investors continue to worry about the crisis in the US and European banking sectors. Despite the efforts of banks in both regions to maintain economic stability, Kyodo news agency reported that The Nikkei closed at 26,945.67, down 388.12 points, or -1.42%. Today’s decline was … Read more
The Federal Reserve of the United States (Fed), the Bank of Canadathe Bank of Englandthe Bank of Japanesehe European Central Bank and the National Bank Swiss they announced a coordinated action to prevent a global bank run and a collapse in the markets. The decision complements the announced purchase of the Credit Suisse by its … Read more
BEIJING: It has been more than a year since Sri Lanka was plunged into a severe financial crisis. The Lankan government has come forward many times asking for international help. Despite aid from countries around the world, there has been little change in Lanka’s economic crisis. The island nation is going through a situation of … Read more