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IMF chief says Argentina is better positioned to meet debt obligations under Milei

IMF chief says Argentina is better positioned to meet debt obligations under Milei

International Monetary Fund Managing Director Kristalina Georgieva praised President Javier Milei’s austerity policies during a visit to Buenos Aires
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IMF chief visits Argentina as 2027 debt hurdle looms

IMF chief visits Argentina as 2027 debt hurdle looms

BUENOS AIRES, July 27 (Reuters) - The International Monetary Fund's managing director arrives in Argentina on Monday as investor confidence in President Javier Milei's reforms grows, despite worries about a debt repayment crunch that could coincide with his reelection bid. 
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IMF chief praises Argentina's economic reforms as 2027 debt hurdle looms

IMF chief praises Argentina's economic reforms as 2027 debt hurdle looms

By Leila Miller BUENOS AIRES, July 27 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva expressed confidence on Monday in President Javier Milei's economic reforms and the country's ability to navigate a looming debt repayment crunch next year that could coincide with
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India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices
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Bangladesh Garment Industry Faces Machinery Shipment Decline Amid Strike Actions

Bangladesh Garment Industry Faces Machinery Shipment Decline Amid Strike Actions

Bangladesh Garment Industry Faces Machinery Shipment Decline Amid Strike Actions
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Indonesian Stock Market Rebounds, Achieves Bull Market Status Amid Investor Optimism

Indonesian Stock Market Rebounds, Achieves Bull Market Status Amid Investor Optimism

The Indonesian stock market has experienced a significant turnaround, reaching bull market status after hitting a five-year low in early June. The Jakarta Stock Exchange Composite Index, which had been down about 29% year-to-date, has now achieved a 10%-plus gain since its recent trough. This recovery is attributed to several factors, including attractive valuations, quick intervention by local financial regulators, and a gradual return of foreign investors. Additionally, S&P Global's reaffirmation of Indonesia's BBB sovereign rating with a stable outlook has bolstered investor confidence. The market's stabilization was further supported by MSCI's decision to hold off on downgrading Indonesia's market status from emerging to frontier, which alleviated investor concerns.
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Gold Prices Hold Steady Amid U.S.-Iran Tensions and Crude Oil Pressure

Gold Prices Hold Steady Amid U.S.-Iran Tensions and Crude Oil Pressure

Gold Prices Hold Steady Amid U.S.-Iran Tensions and Crude Oil Pressure
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RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

By Pranoy Krishna BENGALURU, July 27 (Reuters) - The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.
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Eurozone Business Activity Grows Amid Energy Concerns

Eurozone Business Activity Grows Amid Energy Concerns

The Eurozone's business activity has returned to growth in July, with improvements in manufacturing and services sectors, according to the S&P Global flash PMI. The Composite Output Index rose to 51.9, indicating expansion. This growth comes as the region faces potential energy disruptions that could impact costs and economic confidence. The survey suggests a broad revival in output and employment, with Germany showing growth for the first time in four months, while France's contraction eased. However, the recovery remains fragile, with geopolitical volatility posing a risk to sustained growth.
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RBI to hold rates through 2026 as growth risks outweigh inflation

RBI to hold rates through 2026 as growth risks outweigh inflation

By Pranoy Krishna BENGALURU, July 27 (Reuters) - The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.
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Emerging markets stare at inflation risks as powerful El Niño looms

Emerging markets stare at inflation risks as powerful El Niño looms

By Siddarth S and Johann M Cherian July 27 (Reuters) - Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth. The U.S.
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Oil Prices Drop as U.S.-Iran Tensions Ease, Raising Diplomatic Hopes

Oil Prices Drop as U.S.-Iran Tensions Ease, Raising Diplomatic Hopes

Oil prices fell sharply as the United States and Iran refrained from launching new military strikes, raising hopes for a diplomatic resolution to tensions in the Middle East. Brent crude futures dropped by 4.52% to $92.41 a barrel, while U.S. West Texas Intermediate crude fell by 4.81% to $85.01 a barrel. The decline in oil prices follows a period of heightened conflict that had driven prices to their highest levels in months. The pause in hostilities has led to optimism that a diplomatic solution could stabilize the region and restore shipping through the Strait of Hormuz.