Also, Pakistan’s military fired three top commanders.
Tag: Banking and Financial Institutions
Turkey Raises Interest Rates as Erdogan Aims to Tame Inflation
In his choices of top officials, and with a leap in interest rates, Mr. Erdogan aims to tame inflation and defuse a looming economic crisis.
Global Climate Economy Conference Begins in Paris
Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet.
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
Another Bank Failure
Are we on the brink of a financial crisis — or has the threat been contained?
In Prosecution of Turkey’s Halkbank, Supreme Court Issues a Mixed Ruling
The justices rejected key arguments from Halkbank, which is owned by the Turkish government. But they told a lower court to revisit one possible defense.
Credit Suisse Accused of Impeding Hunt for Accounts Linked to Nazis
The Senate Budget Committee opened an investigation after Credit Suisse fired a lawyer it had hired to oversee an independent inquiry hunting for accounts linked to Nazis who went to Argentina.
Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
Inflation Keeps Cooling
Prices aren’t climbing as quickly as they once were.