On December 19, the economic crisis-hit Ghana stopped paying most of its external debt, effectively defaulting on its debt. FILE PHOTO: Accra December 2016. REUTERS/Luc Gnago ACCRA (Reuters) – Crisis-hit Ghana has effectively defaulted on Monday after it stopped paying most of its external debt. The country’s finance ministry said it would not repay eurobonds, … Read more
(Reuters) – Russia plans to spend nearly a third of its budget next year on defense and internal security. Budgets allocated to schools, hospitals and roads will be cut in order to fund the maintenance of military operations in Ukraine. Russia will spend nearly a third of its budget next year on defense and internal … Read more
PORTLAND, Oregon (Reuters) – U.S. President Joe Biden said on Thursday that he is not worried about the strength of the dollar, saying he is open to a strong dollar. He said he was concerned about the economic situation in countries other than the United States. “In the U.S. economy, the domestic situation is very … Read more
On the afternoon of October 6, Prime Minister Fumio Kishida (pictured) expressed his view that it would not be appropriate to use foreign currency assets held in the foreign exchange special account, which is the source of funds for foreign exchange intervention, as financial resources for economic measures. FILE PHOTO: New York City, New York, … Read more