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World 25 Nov 2020 | 6:30 AM

China will secure economic recovery with right mix of policies: IMF chief

WASHINGTON, Nov. 24 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday that China will secure economic recovery and ensure balanced and high-quality growth with the right mix of supportive macroeconomic policies.

World 25 Nov 2020 | 5:46 AM

IMF chief says additional monetary stimulus may pose risks to financial stability

WASHINGTON, Nov. 24 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday that additional monetary stimulus may pose important risks to financial stability, urging fiscal policy to play a significant role in the post-pandemic recovery.

World 25 Nov 2020 | 12:29 AM

Value of vaccine to end COVID-19 pandemic worth 5-15 pct of world's wealth: study

CHICAGO, Nov. 24 (Xinhua) -- The monetary value of a vaccine that could potentially end the COVID-19 pandemic is between 5 percent and 15 percent of worldwide wealth, according to a study posted on the website of the University of Illinois (UI) on Monday.

Business 25 Nov 2020 | 7:00 AM

MAS unveils world’s first grant for green loans

SINGAPORE: Companies of all sizes will get more support in securing green and sustainability-linked loans, with a new grant scheme launched by the Monetary Authority of Singapore (MAS) yesterday.

Business 25 Nov 2020 | 7:00 AM

Gold slips on hopes for vaccine, smooth White House transition

BENGALURU: Gold extended declines to a four-month trough on Tuesday as investors dived into riskier assets following drugmaker AstraZeneca’s boost to the coronavirus vaccine race and a US federal agency’s White House transition approval for Joe Biden.