New Delhi, March 30 (IANS) The Middle East crisis poses a greater risk to Bangladesh, Pakistan and Sri Lanka, among the South Asian countries, due to their high dependence on imported energy and limited reserve supplies, according to an S&P Global Ratings report.Since these countries are particularly vulnerable to rising oil prices and potential supply disruptions, a prolonged price and supply shock in global energy markets could hit their sovereign credit ratings, the report states.S&P …
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New Delhi, March 2 (IANS) IT industry’s apex body Nasscom on Monday said it has advised member companies to defer travel to affected areas amid the evolving situation in the Middle East.Member companies have also been advised to enable work-from-home arrangements for employees currently in the region, said Nasscom in a statement.“We are in constant touch with the Nasscom Middle East Council and advise all employees in the region to remain in regular contact with their respective local embass…
Washington, Jan 29 (IANS) Emerging market economies have shown notable resilience despite trade disruptions, geopolitical uncertainty, and shifting global financial conditions, senior International Monetary Fund (IMF) officials said here on Thursday, while warning that risks remain tilted to the downside. Presenting the IMF’s latest assessment ahead of a conference on emerging economies, IMF Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said global growth has held up bet…