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India, not China, to be Asia-Pacific's growth engine: S&P Global Ratings' report | Latest News India

The report attributed deepening property sector woes and high debt levels for weakening the growth momentum for China. | Latest News India

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IMF And Pakistan Forge $3 Billion Stand-By Deal To Aid Economic Stability

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.

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EXCLUSIVE-G20 host India to propose China, other creditors take haircuts on loans - sources

The International Monetary Fund (IMF) said on Tuesday it would hold a virtual meeting with the World Bank, India, China, Saudi Arabia, the United States and other wealthy Group of Seven (G7) democracies on Friday to try to reach understandings on common standards, principles and definitions for how to restructure distressed country debts. "India is designing a proposal" to try to persuade countries like China to take a big haircut in lending to nations in difficulty, said one of the Indian officials, both of whom declined to be named as they were not authorised to talk to the media.

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Bank CEOs increasingly pessimistic on economy | The Journal Record

The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they're preparing for a potential downturn or a recession.

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BBC News

of a regulator, if you like, _ announced on friday? the imf is kind of a regulator, if you like, or - announced on friday? the imf is kind of a regulator, if you like, or an - of a regulator, if you like, or an overseerfor of a regulator, if you like, or an overseer for economies around the globe. we are mostly used to seeing them intervening in developing economies where finances are more delicate, where the government is more precarious, if you like and while they do comment on economies like the uk and have done indeed only about five or six years ago, there is certainly an element of surprise here. the imf is there to step in when needed to help shore up economies, it did happen with the uk in the 19705. its economie5, it did happen with the uk in the 19705. its role as an international body is there to provide the kind of overarching view that you might not get from individual governments and provide something that gives them a degree of stability if that�*s needed during times of crisis. [30 of stability if that's needed during times of crisis.— times of crisis. do you think the government _ times of crisis. do you think the government should _ times of crisis. do you think the government should respond - times of crisis. do you think the - government should respond formally to what the imf has said? we heard a clip from the conservative mpjohn redwood a little earlier, obviously ideological quite closely allied to liz tru55, and kwasi kwarteng in terms of economics. and he was saying there does not need to be a

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BBC News

at the same time as attractive tax packages to make sure there is more investment in more growth investment and more growth in the economy. john redwood. well, let�*s speak to our political correspondent, jonathan blake, he joins us from the labour party conference in liverpool. it is the last day of the conference. hello. the labour leader keir starmer has been reacting to the statement from the international monetary fund. what has he had to say? he monetary fund. what has he had to sa ? . , monetary fund. what has he had to sa ? ., , ., _, , monetary fund. what has he had to sa? , , say? he has of course been reacting, 'ust to say? he has of course been reacting, just to remind _ say? he has of course been reacting, just to remind people _ say? he has of course been reacting, just to remind people what _ say? he has of course been reacting, just to remind people what the - just to remind people what the international monetary fund is, which bailed out the british government back in the 705, what i had to say, it said the measures put forward by liz tru55 and kwasi kwarteng would increase inequality. they have called for a rethink of their measures, including the amount they are willing to borrow in order to fund tax cuts. so it is un5urpri5ing that keir starmer has seized on this. now there is lots of fingers being pointed about who is to blame, a5 fingers being pointed about who is to blame, as we heard from john redwood, close ally to liz tru55 come as you said, he is saying we

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BBC News

hello and welcome if you're watching in the uk or around the world. watching in the uk the international monetary fund — which works to promote stability in the global economy — has criticised the british government's plans for tax cuts, warning the measures are likely to fuel the cost—of—living crisis. in an unusually outspoken statement — the imf said the uk's developments were being closely monitered and said untargeted fiscal packages were not recommended during a period of high inflation. it warned the government its mini—budget risked increasing inequality. the white house also criticised the government's policy — saying it was important to focus on �*fiscal prudence, and fiscal discipline�*. the pound dipped in asian trade this morning — standing at around $1.

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