Steel tycoon James Brand speaks above the sound of metal being poured into a foundry furnace, explaining how rising expenses have forced him to hike his rates by 70 per cent.   Despite the significant price increase, he claims that his customers in industries such as oil and gas,...

Christine Lagarde, President of the European Central Bank has urged officials to hold off on expressing dissenting views on decisions for many days, a practise opponents say stymies their ability to offer an honest account of the debate, according to sources.   After a tumultuous finish to...

In March, Japan's trade imbalance was more than four times larger than market expectations, as China-bound exports slowed abruptly and rising energy costs upped the cost of imports, compounding the economic woes brought on by the Ukraine conflict.   Data revealed that outgoing commerce was...

The International Monetary Fund said talks with Sri Lanka about a possible IMF loan programme are still in the early stages, and any agreement would require "sufficient indications" that the island country's debts can be managed in a sustainable manner.   IMF Sri Lanka Mission Chief Masahiro...

The IMF has worsened its forecast for the global economy in 2022 and 2023 - GDP growth will slow to 3.6% in 2022 and 2023. The International Monetary Fund (IMF) has published a new forecast for the world economy, the World Economic Outlook, in which it downgraded GDP growth figures. IMF analysts...

The International Monetary Fund lowered its prediction for  global economic growth by almost a full percentage point on Tuesday, because of Russia's invasion of Ukraine, while also issuing a warning that inflation has become a "clear and present concern" for many countries....

The World Bank has cut its global economic growth expectations for 2022 from 4.1 percent to 3.2 percent, said David Malpass, the organization's president. Mr. Malpass expects that growth would decelerate due to the situation in Ukraine, Chinese lockdowns due to the coronavirus, rising oil,...

According to first quarter filings and experts, the future for banks' home lending portfolios is bleak, with rising interest rates scaring away would-be mortgage consumers.   According to data from the Mortgage Bankers Association, the average interest rate on a 30-year fixed-rate mortgage,...

The Russian invasion of Ukraine has forced the World Bank to lower its prediction for global growth for 2022 by nearly a half a percentage point, to 3.2 per cent from 4.1 per cent, according to World Bank President David Malpass.   On a conference call with...