Pakistan says mosque bomber wore police uniform, breached security on motorbike

PESHAWAR, Pakistan, Feb 2 (Reuters) – The suicide bomber who killed more than 100 people at a mosque in a police compound in the Pakistan city of Peshawar this week wore a police uniform and entered the high security area on a motorbike, a provincial police chief said on Thursday. The bomber behind Monday’s attack … Read more

IMF urges tough tax reforms as Australia treads ‘narrow path’ to avoid recession

The Albanian government has been urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget. Key points: The IMF is hopeful Australia can stay on a “narrow path” to avoid recession It has urged the nation to engage in significant tax reforms to … Read more

No10: Mass strike action tomorrow will be ‘very difficult’ – live updates – The Telegraph

No10: Mass strike action tomorrow will be ‘very difficult’ – live updatesThe Telegraph Trade Unions to rally against UK Government, teachers, drivers to join the strike | Latest News |WION Mass strike action on 1 February will disrupt daily life – No 10BBC Factbox: Britain on strike: Which workers are walking out on Feb. 1 … Read more

Pakistan buries mosque blast victims as death toll passes 90

Tragic scenes as people look for their loved ones Attack in fortified area baffles authorities Rescue work continues to clear mosque rubble PESHAWAR, Pakistan, Jan 31 (Reuters) – Distraught relatives thronged hospitals in Pakistan’s Peshawar on Tuesday to look for their kin a day after a suicide bombing ripped through a crowded mosque in a … Read more

For ASEAN countries, IMF sees slower global growth outweighing China reopening

SINGAPORE, Jan 31 (Reuters) – The International Monetary Fund’s chief economist said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China’s economic reopening. Pierre-Olivier Gourinchas told a news briefing on the IMF’s latest global growth forecasts … Read more

Emerging markets growth slowdown bottomed out in 2022, but risks remain -IMF

NEW YORK, Jan 30 (Reuters) – The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown in the region may have bottomed out in 2022, on the back of China reopening , a resilient India and unexpected growth in Russia. On … Read more

Ghana and capital market operators agree on domestic debt exchange terms

ACCRA, Jan 27 (Reuters) – Ghana’s government and the Ghana Securities Industry Association (GSIA) have reached an understanding on the terms of participation by capital market operators in the country’s domestic debt exchange (DDE) programme, they said on Friday. Crisis-hit Ghana has to restructure its mountain of debt in order to access a relief package … Read more

Pakistani rupee plummets as markets adjust to removal of unofficial controls

Largest single day fall in over two decades: analysts Pakistan’s rupee in free fall after artificial cap removed The move aims to meet demands set by the IMF Pakistan desperately needs external financing to ward off crises FinMin Ishaq Dar’s attempts to defend rupee failed KARACHI, Pakistan, Jan 26 (Reuters) – The Pakistani rupee fell … Read more

Pakistani rupee falls after market maker group removes currency cap

IMF wants Pakistan to adopt market based exchange rate Pakistan desperately needs IMF funding Banks to be told to supply dollars to exchange companies Artificial cap at Pakistani rupee encouraged black market FinMin Ishaq Dar’s bids to defend rupee counter to IMF advice KARACHI, Pakistan, Jan 25 (Reuters) – The Pakistani rupee weakened by 1.2% … Read more

China offers Sri Lanka debt moratorium, IMF help still in doubt

China offers debt service relief in 2022, 2023 Sri Lanka sources unclear if China letter will be enough for IMF Broad agreement between IMF, China on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it would … Read more