Economy

Pakistan to seek IMF loan to avert meltdown

Oct 9, 2018

Pakistan says it will seek a bailout loan from the International Monetary Fund to address a mounting balance of payments crisis

India signs $5 billion deal for Russian air defense systems

Oct 5, 2018

India signs $5 billion deal to buy Russian S-400 air defense system despite looming threat of U.S. sanctions

Turkish yearly inflation jumps to almost 25 percent

Oct 3, 2018

Turkey's statistics agency says the country's inflation rate has jumped to almost 25 percent in September amid a sliding currency

Iran's rial unexpectedly rallies after weeks of steep falls

Oct 2, 2018

Iran's currency has unexpectedly rallied after weeks of depreciation linked to renewed American sanctions, sending Iranians rushing to exchange shops to cash in

Amid currency's freefall, Yemen receives cash injection

Oct 2, 2018

Saudi Arabia shores up Yemen's government with $200 million cash infusion as local currency goes into freefall

Pakistan's Ahmadis fearful as leaders bow to extremists

Sep 28, 2018

Fears mount for Pakistan's Ahmadiyya minority after new government bows to Islamic hard-liners

India's top court limits use of gov't identification number

Sep 26, 2018

India's top court has upheld the government's policy of issuing a 12-digit identification number to every Indian, but says it can't be made mandatory for services such as bank accounts, cellphone connections or school admissions

Asian victors may find anti-China campaign vows hard to keep

Sep 26, 2018

Three Asian countries have elected leaders who promise to temper China's growing influence, but analysts say reducing Beijing's foothold won't be easy

Iran: US wish to halt Iran's crude exports won't come true

Sep 24, 2018

Iran's oil minister: US will not succeed in plans to halt Iran oil exports; South Korea stops buying Iranian crude

Iran's politics go topsy-turvy, 40 years after revolution

Sep 24, 2018

Iran's politics go topsy-turvy, 40 years after Islamic Revolution, with more criticism bubbling up to the surface

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