In an effort to stop the rupee's decline, the Reserve Bank of India has asked local banks not to increase their positions in the non-deliverable forward market. This request, according to bankers and traders, could cause offshore volatility to spill over into local markets.   According to...

The People's Bank of China's head announced that the organization will step up its efforts to boost the economy of the nation. The People's Bank of China announced in a statement on Friday that it would increase stimulus measures and offer additional assistance for the real economy. Yi Gang,...

Colombia and Venezuela will have the highest GDPs in Latin America, according to the IMF. The IMF reports that Colombia and Venezuela will have the greatest GDP growth rates among the countries of Latin America and the Caribbean this year, with increases of 7.6% and 6%, respectively. Bolivia...

JPMorgan CEO Jamie Dimon issued a six- to nine-month recession warning. According to Jamie Dimon, CEO of one of the biggest banks in the world, the United States and the rest of the world could experience a recession within the next six months. He listed a number of warning signs of a probable...

Australian businesses reported robust sales in September as a result of robust demand that surprised observers by demonstrating remarkable resistance to rising interest rates. At the same time, cost pressures on prices eased marginally, raising optimism of an inflation slowdown. The Business...

According to interviews with about a dozen government officials of the United States and experts in Washington and the Gulf, the OPEC+ organization's decision this week to cut oil production despite stiff US opposition has strained already strained relations between President Joe Biden's White...

The Reserve Bank of India said in a concept paper released on Friday that it will soon begin limited pilot launches of a central bank-backed digital rupee for specific use cases.   The RBI has been studying the pros and cons of a central bank digital currency for some time and is working on...

The World Bank forecast that the Middle East and North Africa (MENA area) economies will increase by 5.5% in 2022, the strongest rate since 2016. According to an estimate provided by the WB on Wednesday, "the MENA economy is likely to increase by 5.5 percent this year, the quickest pace since...

In August, the U.S. trade deficit decreased from a revised estimate in July to $67.4 billion, a $3.1 billion (4.3%) fall, according to a press statement from the U.S. Commerce Department's Bureau of Economic Analysis. According to analysts surveyed by DailyFX, the trade imbalance decreased from...