‘Very Dire’: Devastated by Floods, Pakistan Faces Looming Food Crisis

The flooding has crippled Pakistan’s agricultural sector, battering the country as it reels from an economic crisis and double-digit inflation that has sent the price of basics soaring. Navigating floodwaters in the Dadu district of Sindh Province, of Pakistan, on Thursday.Credit…Fareed Khan/Associated Press Supported by Send any friend a story As a subscriber, you have 10 gift articles to give […]

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Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021

FILE PHOTO: Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File PhotoLONDON (Reuters) – Bond funds recorded their largest weekly inflow since late 2021 while equity funds were sold off, suggesting investors are becoming increasingly risk […]

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China central bank keeps medium-term policy rate unchanged for a sixth month

SHANGHAI (Reuters) -China’s central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that the bank intends to gradually normalise monetary policy after the easing made during COVID lockdowns.FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. […]

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China central bank keeps medium-term policy rate unchanged for a sixth month

SHANGHAI (Reuters) -China’s central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that the bank intends to gradually normalise monetary policy after the easing made during COVID lockdowns.FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. […]

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BOJ ramps up bond buying to defend yield cap, undermining jawboning

TOKYO (Reuters) – The Bank of Japan ramped up bond buying on Tuesday as its yield cap came under renewed pressure from rising global interest rates, highlighting its difficulty in remaining a dovish outlier in a global wave of monetary tightening.FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/The central bank’s […]

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IMF says yen's recent 'significant' fall reflects fundamentals

A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/IllustrationTOKYO (Reuters) -The yen’s recent “significant” depreciation reflects fundamentals, such as market expectations of differing monetary policy paths between Japan and the United States, a senior International Monetary Fund (IMF) official said on Thursday. Ranil Salgado, the IMF’s Japan mission chief, said the yen’s recent […]

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White House adviser Singh suggests U.S. could lower tariffs on Chinese goods

FILE PHOTO: Daleep Singh, U.S. Deputy National Security Advisor for international economics, speaks about sanctions against Russia during a press briefing at the White House in Washington, U.S., February 22, 2022. REUTERS/Kevin Lamarque     WASHINGTON (Reuters) – A White House adviser on Thursday suggested the United States could lower tariffs imposed on a host of Chinese goods such as bicycles or […]

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Truth Is Another Front in Putin’s War

The Kremlin has used a barrage of increasingly outlandish falsehoods to prop up its overarching claim that the invasion of Ukraine is justified. President Vladimir V. Putin of Russia has tried to create an alternative reality. Credit…Erin Schaff/The New York Times Supported by Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone […]

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