The “weaponization” of the US dollar through the seizure of frozen Russian assets could prompt a global shift away from the greenback, Bloomberg reported on Wednesday, citing a former International Monetary Fund (IMF) official.  

Slow economic growth will push France out of the list of the world’s ten largest economies within five years, according to an updated global outlook from the International Monetary Fund.

Japan is concerned about negative effects of the weak yen, finance minister Shunichi Suzuki said on Friday, in a fresh warning to speculators as the currency fell further after the central bank’s widely expected decision to hold rates steady.

Argentinian President Javier Milei’s controversial “shock therapy” has bolstered the country’s currency in a key foreign-exchange market, performing at levels unmatched across the globe, according to Bloomberg.

Fed officials through much of their battle with a pandemic-driven breakout of inflation said they thought it would take a period of below-trend growth to really bring price pressures into line

DUBAI – The United Arab Emirates (UAE) economy grew 3.3% in the first nine months of 2023, preliminary GDP data from the Federal Competitiveness and Statistics Centre showed on Thursday.