ISTANBUL: The US’ high fiscal deficits and the ongoing increase in the public debt-to-GDP ratio pose risks for the country and the global economy, according to the International Monetary Fund (IMF).
The financial agency stressed the need for a “front…
ISTANBUL: US President Joe Biden announced Thursday his administration is canceling an additional $1.2 billion student debt for another 35,000 borrowers.
The latest action brings the total loan forgiveness amount approved by the Biden administration …
ISTANBUL: Fitch Ratings said Thursday it affirmed Mexico’s long-term foreign currency issuer default rating at BBB- with a stable outlook.
Mexico’s rating is supported by “a prudent” macroeconomic policy framework, stable and robust external finances…