Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc’s overnight slump.
The $6 billion loan package for Pakistan approved by the International Monetary Fund last week will require “very ambitious” fiscal measures and sustained commitment for the bailout to succeed, IMF officials said on Monday.
Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) “reinvention” set to tip Germany’s largest lender into yet another annual loss.
Turkey’s new central bank governor Murat Uysal, who served as deputy governor for three years before the shock dismissal of his boss, is known as one of the more dovish members of the bank’s interest rate setters.
Turkey removed its central bank governor early on Saturday and replaced him with the bank’s deputy governor.
Russia’s media watchdog Roskomnadzor has compiled a protocol on administrative violation against Google for insufficient measures to filter banned content from search results.
A senior commander in Iran’s elite Revolutionary Guards warned on Friday that it would be Tehran’s “duty” to seize a British oil tanker if an Iranian tanker detained in Gibraltar was not immediately released.
The British pound dipped on Friday and headed for a more than 1% drop over the week against the dollar after poor economic data and a rise in expectations that the Bank of England will cut interest rates.
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.
Deforestation in Brazil’s portion of the Amazon rainforest soared more than 88% in June compared to the same month a year ago, the second-consecutive month of rising forest destruction under President Jair Bolsonaro.