International Finance News - Latest Updates & Headlines
China's lending practices push Maldives toward sovereign default
Athens, March 13: The Maldives is grappling with a mounting debt crisis that threatens its economic sovereignty, as foreign exchange reserves dwindle to precarious levels while substantial debt repayments loom.
Taiwan thanks US House for passing bill supporting IMF membership
Taipei, March 7: A bill to support Taiwan's admission into the International Monetary Fund (IMF) has been approved by the United States House Financial Services Committee, the Taiwanese media reported on Friday.
South Korea's net overseas financial assets surpass $1 trillion for 1st time
Seoul, Feb 27: South Korea's net overseas financial assets hit a record high to surpass $1 trillion for the first time ever last year, central bank data showed on Thursday.
Trump tariffs, martial law chaos unlikely to affect South Korea's credit rating
Seoul, Feb 16: Global credit appraisers have said that sweeping tariffs by US President Donald Trump's administration and the political chaos following now-suspended President Yoon Suk Yeol's martial law are not expected to affect South Korea's sovereign credit rating, Seoul's finance ministry said on Sunday.
Guterres praises Global South's efforts to reform UNSC, global finance system
United Nations, Jan 14: While pressing for reforming the Security Council and the international financial system, United Nations Secretary-General Antonio Guterres praised the efforts of the Global South's efforts for justice.