Monday, 15 October, 2018

International Monetary Fund raises Israel growth forecast

Currency dealers fear the alarming increase will fan panic in the market for dollars causing a buying frenzy for the US dollar Currency dealers fear the alarming increase will fan panic in the market for dollars causing a buying frenzy for the US dollar
Orlando Vargas | 09 October, 2018, 18:29

The new government of Prime Minister Imran Khan had promised millions of new jobs and the creation of an "Islamic welfare state".

After a visit last week, the IMF issued a report saying Pakistan is facing significant economic challenges, with declining growth, high fiscal and current account deficits, and low levels of global reserves. Bond markets were closed, leading US indexes to a mixed finish after a day of light trading. The rupee, a managed float, fell at least 4.6% against the dollar, according to people familiar with the matter.

But the International Monetary Fund, which released its predictions for the world economic system at its annual meeting in Bali, Indonesia, warned that China's economy could decelerate further if the trade conflict deepens. Umar told Bloomberg in August that the government may need more than $12 billion.

Speaking in Bali, Obstfeld said the country needed substantial improvements to its infrastructure and China could help in this regard, but "the design of the projects, and the governance of the projects must be sound" to avoid excessive debt or financial instability.

Frontier Ceramics Limited (FRCL -1.69 per cent) announced its financial results for the year ending June 30, 2018.

Pressure on the lira saw inflation rates soar to almost 25 percent in September, marking the highest levels since President Erdogan came to power 15 years ago. "They also have a low level of reserves and a currency that is too rigid and overvalued", he added. "The currency move is definitely a devaluation", said Shahid Habib, chief executive officer at Arif Habib Ltd.

In Pics: US First Lady visits Giza Pyramids
In Malawi, Melania visited the Chipala Primary School where she donated textbooks, balls and supplies to the pupils and teachers. Image copyright Reuters Image caption The US First Lady's decision to wear a pith helmet on safari in Kenya has drawn criticism.


Viktoria Marinova dead: Bulgarian journalist 'raped and murdered' after European Union corruption
A portrait of slain Bulgarian television journalist Viktoria Marinova during in a candle-light vigil in the city of Rousse. In October in Malta, Daphne Caruana Galizia , who investigated corruption, was killed in a vehicle bombing.


Intel claims Core i9 9900K is the "best gaming processor"
No word on the rest of the 9th generation lineup, but we expect them to launch at the same time as the i9 processor. Switching to solder should make the delicate process of delidding less appealing on these new chips.


He said the aggregate growth rate of Africa is being held down by its three largest economies. "We will have to take a loan to support the falling economy".

The government has deep problems to fix. It left 2018 growth forecasts for the two countries unchanged at 2.9 percent for the US and 6.6 percent for China.

Beijing policymakers were navigating a "difficult trade-off between growth and stability", the International Monetary Fund said in a statement. "That is a very good sign going forward". The last time was in 2013, when Islamabad got a $6.6 billion loan to tackle a similar crisis. Critics see that as part of a debt diplomacy trap by Beijing and question whether Pakistan will be ever be able to make the repayments.

U.S. growth this year remained steady at 2.9 percent but is set to slow in 2019 as the effect of Trump's sweeping tax cuts wear off and the trade dispute with China begins to set in.

The Pakistani government has made a decision to approach the International Monetary Fund (IMF) for a bailout to address the mounting balance of payments crisis faced by the South Asian country, Finance Minister Asad Umar announced on Monday.

This story has been published from a wire agency feed without modifications to the text. "We have looked at all our options". Only the headline has been changed.

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