Skip to main content
Skip to footer
![China’s fiscal revenue fell 2.8 percent YoY to $1.62 trillion in H1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
A breakdown of the data showed that the central government collected around 5 trillion yuan in fiscal revenue
![World Bank to issue first ‘drought’ bond in the next 12 to 18 months](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
IBRD has made $568 million of insurance payouts on catastrophe bonds
![Pakistan secures new $7 billion loan program from IMF](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
This agreement, Pakistan's 24th IMF bailout, now awaits approval from the IMF's executive board
![China’s central bank likely to hold medium-term lending rate steady next week](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Weak Chinese currency has remained a major concern limiting any easing to the central bank's monetary policy
![Japan’s current account surplus expands 41.8 percent to $18 billion in May 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Primary income came to a 4.21 trillion yen surplus, the largest since comparable data became available in 1985
![South Korea’s current account surplus hits $8.92 billion in May, largest in 32 months](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Exports, which played a major role in this economic shift, rose 11.1 percent year-on-year to $58.95 billion in May
![South Korea’s President announces $18 billion support package for micro businesses](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The government will expand access to low-interest loans for micro business owners and extend the repayment period for policy loans
![South Korean government allocates $17.9 billion for R&D budget for 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The ministry will allocate 3.5 trillion won to AI chips, advanced biotech, and quantum tech
![South Korea’s overseas assets reach new high of $1.911 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
External financial assets reached $1.911 trillion at the end of December last year
![Chinese financial sector sees 8.5 percent increase in total assets, reaching $66.93 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The assets of the banking sector reached 429.58 trillion yuan, up 8.1 percent YoY
![BRICS actively working on national currencies’ payment platform, says Russian FM](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
BRICS meeting to discuss international relations, conflict resolution and interaction in leading multilateral platforms
![Cash losing ground to digital payment solutions in Latin America: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
In just two years, debit cards have surpassed cash as the preferred payment option among Spanish-speaking Latin Americans
![U.S. banks’ profits surge 79.5 percent to $64.2 billion in Q1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Non-interest income of U.S. banks saw a 15.2 percent increase, up $10.3 billion
![India to buy back $4.81 billion worth of government bonds: RBI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Last week, the central bank accepted bids to buy back 52.7 billion rupees worth of bonds
![Japan maintains global top creditor status, net external assets reach record $3 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This growth was driven by a weaker yen and overseas corporate acquisitions, which boosted the value of Japan's foreign assets
![Use quantitative easing carefully, urges ECB official](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
ECB officials recently agreed a new framework for how to run policy in the future
![Profits of China’s major industrial firms rise 4.3 percent to $288.49 billion in first four months of 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Data from the National Bureau of Statistics reported that this growth rate was the same as that registered in the first quarter
![China’s fiscal revenue down 2.7 percent in first four months of 2024, expenditure up 3.5 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
For April alone, fiscal revenue fell 3.7 percent against a 2.4 percent decline in March
![Stress in home loans manageable despite high rates: ECB](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
ECB's review shows lenders were not adequately weighing up risks before granting a mortgage
![South Korea, Asian Development Bank sign $2 billion agreement to support development projects](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT
![FDI into U.K.’s financial services sector declines 50 percent: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Asset management emerged as the sector attracting the largest sources of FDI
![Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies
![IMF prepared to assist Sri Lanka in talks with bondholders](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Sri Lanka government failed to restructure $12 billion debt with bondholders
![U.S. regional banks brace for commercial real estate challenges amid economic uncertainty](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Non-performing CRE loans doubled to 0.81 percent by the end of 2023