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...
Potential US pullback from IMF could impact credit ratings
Concerns over the United States' commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show...
HSBC job cuts in Hong Kong part of $2.5B savings plan
HSBC is set to announce $1.5 billion in annual cost savings as part of its ongoing restructuring efforts, with significant job cuts already underway. The...