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The surge in costs for everything from fuel to computer chips, to houses and even spinach, has some people fretting over the specter of “hyperinflation” – the phenomenon in which runaway prices destroy the value of a nation’s banknotes and coins.
HANOI: As experts say the credit-growth quota policy for commercial banks in Vietnam is currently inappropriate and hinders customers accessing bank loans, the State Bank of Vietnam (SBV) has announced plans to gradually remove the scheme.
THE crypto economy in Argentina is reeling from the collapse of a cryptocurrency that has raised questions about involvement of the country's president and concerns that foreign investors will be scared away from investing in the South American nation.
HARARE, Feb. 7 (Xinhua) -- The Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which remains legal tender under the country's multi-currency system.
SINGAPORE: Nam Ou Power, a unit of state-owned Power Construction Corp of China, has sued Laos utility Electricite du Laos in Singapore for US$555 million in unpaid dues from a hydropower project it operates, an arbitration filing reviewed by Reuters shows.
The budget plan taking shape in Congress is likely to add some US$4 trillion to the national debt over the next 10 years.
The Turkyish economy, which is among the world’s top 20 with a US$1.1 trillion gross domestic product, is one of the most affected by the Covid-19 pandemic. While inflation was high, the government used an unorthodox method to keep local interest rates at a relatively low level in order to contain inflation rates.
LIMA (Reuters) -Former Peruvian president Alberto Fujimori, who steered economic growth during the 1990s but was later jailed for human rights abuses stemming from a bloody war against Maoist rebels, died on Wednesday. He was aged 86.
ESTEFANiA Leon is a young Venezuelan comedian but she often grappled with the challenge of finding laughter amid overwhelming tragedy.
UNITED NATIONS: Myanmar's conflict-torn Rakhine state is heading toward famine, the United Nations warned on Thursday (Nov 7), as the country's civil war squeezes commerce and agricultural production.
Rakhine state, home to the Rohingya minority and engulfed in conflict between government forces and a powerful ethnic group, could face an imminent acute famine, the United Nations development agency warned in a new report.
Malaysians have a huge appetite for chicken, leading the region in terms of per capita consumption.
BUENOS AIRES (Reuters) - Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic "shock" therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves.
The political turmoil unleashed by Venezuela’s presidential election is threatening to extend the nation’s economic isolation and derail any moves towards restructuring its debt.
BERLIN: In a picturesque wine town about 100km from Frankfurt lies a hidden bunker that for decades was one of Germany’s best-kept secrets.
HARARE: Zimbabwe’s new central bank governor John Mushayavanhu has done the seemingly impossible in his first 100 days – created a stable currency and tamed price pressures in a nation that’s been a poster-child for hyperinflation and crashing currencies.
(Reuters) -It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants.
NEW YORK/LONDON (Reuters) - As Venezuela heads for pivotal elections at the weekend, its bondholders are on a recruitment drive in the hope the vote will open up some sort of path to the world's biggest debt restructuring.
CARACAS (Reuters) - Like many Venezuelans, Carmen Mendoza has learned to get by with a patchwork of different income streams in different currencies - her pension, renting out a property, and roughly $150 per month her two daughters send from Spain.
