Argentina settles U.S. Treasury swap obligation in full
MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S....
Tag : global finance
UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
OPEC Fund commits $2bn to boost Africa’s development
VIENNA, December 25, 2025: The OPEC Fund for International Development announced a new co-financing commitment of up to US$2 billion with the African Development Fund (ADF) for the...
Low income countries get $85 billion in MDB climate funds
MDBs reached $137B in climate finance in 2024, with $85.1B going to low and middle-income nations and private finance jumping to $134B....
Global finance in turmoil as US commitment to IMF and World Bank wavers
US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial...
HSBC job cuts in Hong Kong part of $2.5B savings plan
HSBC will announce $1.5 billion in cost savings and 40 job cuts in Hong Kong as it restructures, with further layoffs expected as part of...