ECON

Pakistan seeks US help in unlocking $1.1 billion IMF loan – Dawn

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Jan 26 (Reuters) – Pakistan is seeking support from Washington to open a temporary International Monetary Fund program that will release $1.1 billion to its struggling economy as the country rebuilds after devastating floods. last year, the Dawn newspaper said on Thursday. The IMF and Pakistan signed a $6 billion loan in 2019, which added … Read more

China’s development loans to developing economies fall to 13-year low in 2021 – study

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LONDON/JOHANNESBURG, Jan 24 (Reuters) – Loans made by China’s two main commercial banks fell to a 13-year low of $3.7 billion in 2021 as Beijing cut funding. for large oil projects, a study from Boston University Global Development. Policy Center revealed. Commitments made to 100 developing countries by the Export-Import Bank of China (China EximBank) … Read more

Analysis: US debt lures investors but economic risks could define 2023

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NEW YORK, Jan 12 (Reuters) – Investors are increasing their exposure to U.S. stocks as they take advantage of increased supply, but some say conflicting views about the economy are creating long-term trading opportunities. and short. The belief that the Federal Reserve may be nearing the end of its aggressive interest rate hikes has inspired … Read more

China says talks to include Paxlovid in its drug list have failed

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BEIJING, Jan 8 (Reuters) – China will exclude Pfizer Inc’s (PFE.N) Paxlovid in an update to its list of drugs included in medical insurance programs as the American company cited a higher price for the drug COVID-19, China’s Healthcare Security Administration (NHSA) said on Sunday . The COVID-19 antiviral drug is now covered by the … Read more