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China’s Foreign Exchange Reserves Decline in June

Beijing: China’s foreign exchange reserves stood at 3.4163 trillion US dollars at the end of last month, marking a decrease of 26 billion US dollars, or 0.75%, from the level recorded at the end of May, as revealed by official data on Tuesday.

Accor…

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IMF Downgrades Global Growth Forecast to 3% for 2026

Washington: The International Monetary Fund (IMF) on Wednesday downgraded its global growth forecast for 2026 to 3%, warning of persistent risks posed by the war in the Middle East and potential corrections in market expectations regarding artificial …

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