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MUMBAI -- India's nominal gross domestic product will likely outstrip Japan's in 2025 to become the world's fourth-largest economy, according to an International Monetary Fund estimate, a year earlier than the previous projection.
A host of economists and monetary policymakers gathered in New York this week for the International Monetary Fund's Spring Meetings — including numerous decision-makers from the European Central Bank.
WASHINGTON (Reuters) -- Bank of Japan Gov. Kazuo Ueda on Friday said the central bank "very likely" will raise interest rates if underlying inflation continues to climb and begin reducing its huge bond-buying operations at some point in the future.
A top Dutch government minister said he's confident the country's coveted chip-equipment maker ASML will remain in the Netherlands following threats from the company to move its operations abroad.
According to the latest Global Innovation Index, Indonesia ranks 61st among 132 economies, up from 85th in 2020. Sooner or later, Indonesia will move into the semiconductor design or assembly field as silicon chips are the critical foundation of a digital economy.
A coalition of over a dozen opposition parties, dubbed the Indian National Developmental Inclusive Alliance (INDIA), led by the Congress party, hopes to deny Modi a third consecutive term.
WASHINGTON (Reuters) -- G20 finance ministers and central bank governors are adjusting to expectations for a later start to U.S. interest rate cuts, which has caused a worldwide asset repricing and increased the urgency for debates on debt, Brazil's finance leaders said on Thursday.