The airport and international highway queues and turmoil prove that global tourism is on recovery path.
The Russian rouble gave up early gains on Thursday to slide lower in volatile trade, pressured by the end of a favourable tax period and by expectations that the government may try to curb the currency’s recent strengthening.
The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems it necessary, the bank said in an interim publication on Thursday, reiterating its standard position.
Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economic affairs minister said on Thursday, after the government warned residents about possible curbs on imports.
Asian stocks took their cue on Friday from a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S. recession after data showed its economy shrinking for a second straight quarter.
Several Asian central banks must raise interest rates rapidly, because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official.
South Korea’s new government will streamline public organisations, the finance minister said on Friday, citing concerns about efficiency after a rapid expansion in their operations under the previous administration.
US corporate earnings delivered the crypto market with a boost during the US extended trading hours, with Apple delivering a positive outlook.
ProfitFX Pro has actually found itself the subject of unlicensed forex brokers alert from the UK authority. Of course, even without the warning the fact that ProfitFX Pro is up to no good is clear as unregulated investment companies have much freedom to steal money from victims with little to no consequences.
The dollar languished near a six-week low to the yen amid a sharp retreat in Treasury yields after investors interpreted a shrinking U.S. economy as one more reason for the Federal Reserve to ease its foot off the tightening pedal.
Argentine President Alberto Fernandez launched his latest effort to tackle an economy in crisis on Thursday, tapping one of the ruling coalition’s most powerful figures to lead a new “superministry” on the same day the central bank hiked interest rates to 60%.
South Korea’s biggest ever arms deal will make it a major supplier of weapons flooding into Europe since the Ukraine war began, with sales to NATO-member Poland involving more than 1,600 tanks and howitzers, and nearly 50 fighter jets.
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A look at the day ahead in markets from Dhara Ranasinghe.
Nigeria’s Senate passed a motion on Wednesday to summon Central Bank Governor Godwin Emefiele over the “free fall of the naira” and called on the central bank to urgently intervene.
The U.S. dollar languished near a three-week low to major peers on Thursday after Federal Reserve Chair Jerome Powell assuaged trader worries about continued aggressive monetary tightening.