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Prime Minister Hun Sen has once again refuted accusations regarding China’s intent to entrap Cambodia in sovereign debt commitments, underscoring that the Kingdom borrows money from other countries and “cannot fall into anyone’s debt trap”.
Roundup: Egypt considers Moody's ratings as "positive decision" amid ongoing global economic challenges
CAIRO, May 27 (Xinhua) -- Egyptian Finance Minister Mohamed Maait on Friday described Moody's decision to maintain some of the country's credit rating levels as "a very positive decision" in light of global economic difficulties that emerging economies are dealing with.
WHILE interest-rate hawks have owned the first half of 2022, the future will be more contested.
INDIA’S monetary boss is so certain he will be raising interest rates again soon, he called it a “no-brainer.” The only things missing from the forecast were the dates and magnitude.
SYDNEY: Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected in 2023 as a cost-of-living crisis worsens and mortgage rates rise, a Reuters poll of property market analysts has found
WASHINGTON: Federal Reserve (Fed) officials agreed at their gathering this month that they need to raise interest rates in half-point steps at their next two meetings, continuing an aggressive set of moves that would leave them with flexibility to shift gears later if needed.
DAVOS (Bloomberg): Malaysia’s economy is growing strongly thanks to the rise in commodity prices and central bankers "still have room” to tighten monetary policy to tackle accelerating inflation if needed, according to Finance Minister Zafrul Aziz.
SYDNEY: Australian business investment fell unexpectedly in the first quarter as floods and bottlenecks hit building work, though firms sharply lifted plans for spending in the year ahead in a boost to the economic outlook.
WASHINGTON: All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy's performance and was at risk of racing higher without action by the U.S. central bank, minutes of the session showed on Wednesday.