Financial Services

Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding
Jun 1, 2023

Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding

Sri Lanka’s Central Bank has reduced its interest rates for the first time since the island nation declared bankruptcy last year


Vatican questions $17 million transfers to impact investing fund, moves to prevent similar
May 31, 2023

Vatican questions $17 million transfers to impact investing fund, moves to prevent similar

The Vatican is seeking clarity after the former director of its U.S. missionary fundraising office oversaw the transfer of at least $17 million of its donations into a new non-profit and private equity fund that he created


Vatican questions $17 million transfer to impact investing vehicle, moves to prevent similar
May 31, 2023

Vatican questions $17 million transfer to impact investing vehicle, moves to prevent similar

Pope Francis has asked aides to get to the bottom of how at least $17 million was transferred from the Vatican’s U.S.-based missionary fundraising coffers into an impact investing vehicle run by a priest


Stock market today: Asian shares mostly rise after House approves debt ceiling deal
May 31, 2023

Stock market today: Asian shares mostly rise after House approves debt ceiling deal

Asian benchmarks are trading mostly higher after the United States House approved a debt ceiling and budget cuts package, avoiding a default crisis


China factory activity slows, adding to economic strains
May 31, 2023

China factory activity slows, adding to economic strains

A survey shows China’s factory activity decelerated in May, adding to signs an economic rebound after the end of anti-virus controls is slowing


Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says
May 26, 2023

Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says

A Singapore court says Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager


New Zealand's central bank raises key interest rate to 5.5% but signals next move will be a cut
May 24, 2023

New Zealand's central bank raises key interest rate to 5.5% but signals next move will be a cut

New Zealand’s central bank has raised its benchmark interest rate to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency


'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse
May 18, 2023

'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China


China's loans pushing world’s poorest countries to brink of collapse
May 18, 2023

China's loans pushing world’s poorest countries to brink of collapse

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China


CEO pay again in focus as the heads of failed banks appear before Senate panel
May 16, 2023

CEO pay again in focus as the heads of failed banks appear before Senate panel

The recent failures of a trio of midsize banks has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies' long-term health



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.