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China's Belt and Road tempts states, but comes with risks

Nusa Dua - China's massive "Belt and Road Initiative" building push may create debt risks but is also responding to major infrastructure gaps in Asia and could boost global trade, World Bank officials say.

Window 'narrowing' for global economy, IMF warns

Nusa Dua - The window of opportunity for safeguarding global growth is "narrowing" as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate polici...

US-China trade row not a threat to world economy: Mnuchin

Nusa Dua - US Treasury Secretary Steven Mnuchin pushed back Saturday against warnings that Washington's trade fight with China imperils the world economy, saying that pushing Beijing to open up will be good for all.

IMF chief 'horrified' by Khashoggi case, still plans Saudi trip

Nusa Dua - IMF chief Christine Lagarde said Saturday she was "horrified" by reports about the fate of Saudi dissident Jamal Khashoggi but still plans to attend an economic meeting in Riyadh this month.

UN chief tours tsunami-hit Indonesian city as survivors pray

Palu - Thousands of survivors of a devastating quake-tsunami prayed Friday by the shores of disaster-struck Palu, as the UN chief praised their "resilience" during a tour of the devastated Indonesian city.The 7.

Who runs the (economic) world? It might soon be women

Nusa Dua - Who runs the world? It might soon be women as a crop of female economists join IMF chief Christine Lagarde in top positions at major financial bodies.

'Winter is coming', Indonesian leader warns amid economic gloom

Nusa Dua - Indonesia's president Friday turned to blockbuster television show "Game of Thrones" to sound the alarm over global trade tensions at an economic conference, warning that "winter is coming.

Asia tops World Bank ranking on support for children

Nusa Dua - Asian nations got the highest marks in a World Bank ranking launched Thursday that names and shames countries on how much they invest in their own children, saying neglect was dooming millions to sub-par lives.

Indonesia calls off grim search for dead in quake-tsunami

Palu - Indonesia Thursday called off the grim search for those killed in a quake-tsunami, with no hope of retrieving around 5,000 bodies believed to be still buried under the ruins nearly two weeks after the disaster.The magnitude 7.

Three dead, IMF summit shaken as strong quake hits Indonesia

Jakarta - An earthquake Thursday killed three people in Indonesia and rattled hotels where IMF delegates are attending a major summit, a fortnight after a quake-tsunami killed more than 2,000 elsewhere in the archipelago.The 6.

Mnuchin plays down US market swoon as global rout rolls on

Nusa Dua - Wall Street's rout is a natural correction and not caused by any particular factors, US Treasury Secretary Steven Mnuchin said Thursday, after his boss Donald Trump hung blame for the losses on US interest-rate increases.

IMF chief defends rate hikes after Trump slams 'crazy' Fed

Nusa Dua - IMF chief Christine Lagarde on Thursday defended central bank rate hikes in a veiled rebuke to Donald Trump after the US president blamed "crazy" Fed policies for contributing to financial market turmoil.

Three dead, IMF summit shaken as strong quake hits Indonesia

Jakarta - An earthquake Thursday killed three people in Indonesia and rattled hotels where IMF delegates are attending a major summit, a fortnight after a quake-tsunami killed more than 2,000 elsewhere in the archipelago.The 6.

6.0-magnitude quake rocks Indonesia's Java, Bali

Jakarta - A shallow 6.0-magnitude earthquake struck off the coast of the Indonesian islands of Java and Bali early Thursday, the United States Geological Survey said, causing panicked people to flee their homes.

Leaders need to fix broken economic models: IMF chief

Nusa Dua - World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.

Fix trade, don't destroy it, IMF chief Lagarde warns

Bali - International Monetary Fund chief Christine Lagarde called on world leaders Monday to fix global trade systems instead of trying to tear them down in a rebuke to nationalist politicians pushing tariffs and protectionism.

Aid groups frustrated as foreign staff told to leave Palu

Palu - Indonesia on Tuesday told foreign aid workers their help was not needed in disaster-ravaged Palu and they should go home, frustrating relief efforts after a quake-tsunami killed more than 2,000 people.

Winnie the Pooh brings laughter to Indonesian quake kids

Palu - Shrieking with delight, Indonesian kids in disaster-struck Palu rush to cuddle a giant Winnie the Pooh, his horseplay and goofy grins drawing big smiles in a park surrounded with rubble.

US-China trade war sparks IMF global growth cut warning

Bali - The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that "everyone is going to suffer" from a clash between the world's two biggest economies.

More bodies found as death toll from Indonesia quake nears 2,000

Palu - Nearly 2,000 bodies have been recovered from Indonesia's disaster-ravaged Palu city, an official said Monday, as the search for victims ended at a hotel destroyed in the powerful earthquake and tsunami.
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