Pakistan's "war on terror" has cost the developing country a whopping $118bn so far, a new central bank report has said, an amount equivalent to well over one third of its gross domestic product.
Saudi Arabia's central bank said on Sunday it had given commercial banks instructions to reschedule consumer loans of customers hit by recently announced austerity measures.
Rapidly rising foreign liabilities of commercial banks in Qatar will not be an “immediate concern” as those can be “easily covered” by the sizeable assets held by the central bank (QCB) and the Qatar Investment Authority (sovereign wealth fund), shows a report by The Economist Intelligence Unit.
Australia's economic growth boomed past expectations in the first quarter with the annual pace speeding to its fastest in over three years, an upbeat result.
A third of India's cash machines don't work, the central bank said, posing a challenge for the government as it strives to provide banking services to millions of poor citizens living in rural areas.
Bangladeshi investigators have identified 20 foreigners suspected to have been involved in the cyber heist of tens of millions of dollars from its central bank, a police officer said.
The Reserve Bank of India cut its policy interest rate by a quarter percentage point on Tuesday, reducing it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign.
Bangladesh's central bank said that part of almost $100mn allegedly stolen from a reserve account in the US last month has been recovered.
