Senegal, one of Africa’s bastions of stability, faces its gravest threat of unrest in decades
The criminal conviction of a populist opposition leader in Senegal has triggered widespread unrest that threatens the West African country’s…
IMF chief says there’s no significant slowdown in lending and the Fed may need to do more
The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…
India’s ties with Russia remain steady. But Moscow’s tighter embrace of China makes it wary
India’s relationship with Russia remains steadfast as both sides seek to deepen their economic ties. But Moscow has also grown…
A recession is coming — and stock markets won’t come through it unscathed, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview…
‘We should be worried’: Finance leaders warn rising interest rates are squeezing low-income countries
Leaders of several global financial bodies warned that rising interest rates are increasing pressure on low-income developing countries, around 60%…
Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now…
Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warns
Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International…
IMF says U.S-China tensions could cost the world about 2% of its output
The International Monetary Fund said in a Wednesday report that global tensions could disrupt overseas investment and eventually lead to…
‘It’s not a pretty picture’: Russia’s support is growing in the developing world
Russia’s sphere of influence is growing as propaganda and diplomatic efforts gather momentum and Western powers fail to counter the…
