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Kevin Warsh could become the wealthiest Federal Reserve chairman in history, according to financial disclosures he filed as he heads toward a nomination hearing in the Senate.
The International Monetary Fund (IMF) cut its growth outlook on Tuesday due to Iran's war-driven energy price spikes and supply disruptions, warning that the global economy would teeter on the brink of recession if the conflict worsens and oil stays above $100 per barrel through 2027.
The International Monetary Fund on Tuesday left its 2026 growth forecast for South Korea unchanged at 1.9 percent, with the government saying a supplementary budget and other policy support helped cushion the economy against mounting external shocks.
Topic:Economic Growth
One indie distributor’s alleged financial woes became a boon for Sony Pictures Classic which was given a chance to hawk its wares at day one of CinemaCon seemingly out of the blue.
The U.K. will suffer the biggest hit to growth of all of the world's richest economies because of the Iran war, the International Monetary Fund warned on Tuesday.
One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the…
Live updates: Follow the latest news on Iran war
Kevin Warsh, seeking to replace Fed chair, Jerome Powell, had to file financial disclosures for Senate approval
The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be "thrown off course" by the war in the Middle East - as the conflict roils commodity markets and sparks higher prices.
IMF Managing Director Kristalina Georgieva said this week that the fund would have upgraded its forecast for the global economy if not for the war in the Middle East. © Reuters
As treasurer Jim Chalmers weighs ‘extreme uncertainty’, one economic scenario sees global growth plunging to just 2% in 2026
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), listens during a briefing in Beijing, China, Dec. 10, 2025. (AP Photo/Ng Han Guan, File)
The latest projection is 0.1 percentage lower than January’s estimate but higher than October’s
The latest projection is 0.1 percentage lower than January’s estimate but higher than October’s
SEOUL, April 14 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday kept its 2026 growth forecast for South Korea unchanged at 1.9 percent despite the Middle East crisis, the finance ministry said.
The International Monetary Fund on Tuesday lowered its growth forecast for the Middle East due to the effects of the Iran war, reflecting its global estimates.
Treasurer Jim Chalmers is being warned not to use the budget to deliver cost-of-living handouts to deal with the inflation fuelled by the Iran war, with the International Monetary Fund fearful the globe could be pushed into a recession if hostilities do not end soon.
Major platforms like Shopee, run by Singapore tech company Sea, along with China's Alibaba-owned Lazada and ByteDance's TikTok Shop controlled 99% of the online shopping market within ASEAN member states in 2025. (Source photos by AP and Reuters)
Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high
Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high
Fuel prices are displayed on a sign at a gas station as a fuel truck drives by, March 17, 2026, in Baltimore. (AP Photo/Stephanie Scarbrough, File)
The United States naval blockade of Iran has come into effect as President Donald Trump’s administration tries to pressure Tehran into accepting its terms for an end to their war by trying to squeeze the Iranian economy.
The central banks of the UAE and the Philippines have signed an agreement that includes efforts to develop digital currencies and link payment systems, as they work to boost cross-border transactions.
Gulf oil producers could restore up to half of their offline output within two weeks if the Strait of Hormuz reopens, the International Energy Agency said in its latest monthly market report, where it highlighted an oil supply collapse of more than 10 million barrels per day in March.
Kevin Warsh's wealth eclipses that of all recent Federal Reserve chairs, newly released financial disclosure forms show.
From tariff turmoil and stock shocks to market meltdowns, the global financial system has never been in such flux.
Citigroup is scheduled to report first-quarter earnings before the opening bell Tuesday.
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
Far-right Israeli minister Bezalel Smotrich has invoked the history of the Nazi Holocaust as he branded Germany "hypocrites" after Chancellor Friedrich Merz said he was "deeply concerned" about settler attacks in the occupied West Bank.
Devastating attack killed up to 200 people, many of them civilians, with military saying it was a ‘precision airstrike’
The discourse around the impact of artificial intelligence on the labor market tends to be centered on forecasts of how many jobs will be lost due to the new technology.
President Donald Trump speaks about the economy during an event at the Circa Resort and Casino in Las Vegas, Jan. 25, 2025. (AP Photo/John Locher, File)
Experts say any short-term financial benefit will be outweighed by long-term health costs related to obesity
The International Energy Agency (IEA) has sharply cut its forecasts for global oil supply and demand growth, saying both are expected to fall from last year’s levels as the United States-Israel war on Iran disrupts oil flows and weighs on the global economy.
Japan's Nikkei Stock Average jumped more than 1,400 points at one point during morning trade on April 14. (Photo by Nanami Sato)
Nearly 70 percent of people in Sudan are now living in poverty, almost double pre-war levels, as conflict continues to devastate the country’s economy and social fabric, a senior UN official has said.
AD Ports Group, the operator of industrial cities and free zones in Abu Dhabi, has signed an agreement with authorities of the Black Sea's biggest port that will help it to boost its strategy in the Middle Corridor trade route.
A board above the trading floor of the New York Stock Exchange displays the closing number for the Dow Jones industrial average, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Samruk-Kazyna chairman says issuance marks ‘an important milestone in strengthening the strategic partnership between Kazakhstan and China’
Samruk-Kazyna chairman says issuance marks ‘an important milestone in strengthening the strategic partnership between Kazakhstan and China’
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NAGA CITY, Cebu — Inclusive banking took center stage in this city as the Development Bank of the Philippines (DBP) urged local government units (LGUs) and private individuals to take advantage of more accessible financial services following the inauguration of its branch-lite unit in the province.
A new UNDP report has forecast job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock
A new UNDP report has forecast job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock
WrestleMania XL prepares at Lincoln Financial Field on April 6, 2024. (Yong Kim/The Philadelphia Inquirer via AP, File)
The drama following U.S. President Donald Trump’s “Liberation Day” just over a year ago seemed to confirm a simple theory. On April 2, 2025, Trump unveiled sweeping tariffs; markets plunged even as 10-year Treasury yields spiked; then, when tariffs were paused, equities surged in one of the strongest rebounds since …
Botswana has signed a series of energy, mining, and infrastructure agreements with Oman as it steps up efforts to diversify its economy beyond diamonds, amid a prolonged downturn in global demand for the precious stones.
A new EU directive on pay transparency, which aims to ensure equality between men and women doing the same job, could transform the European job market by guaranteeing more rights to workers.
Chinese vice-premier to visit major gas field in Turkmenistan as Beijing aims to shore up energy security and diversify away from volatile maritime routes