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Iraq Bulletin

Tag : global finance

Business

Argentina settles U.S. Treasury swap obligation in full

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MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S. Treasury, completing the repayment by the end of December 2025, according to statements from U.S....
Business

UN flags global economy operating near stagnation

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NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United Nations. The organisation said current conditions reflect an environment in which economic activity is restrained...
Business

OPEC Fund commits $2bn to boost Africa’s development

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VIENNA, December 25, 2025: The OPEC Fund for International Development announced a new co-financing commitment of up to US$2 billion with the African Development Fund (ADF) for the period 2026 to 2030, reaffirming its ongoing financial support for Africa’s economic and social development....
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Potential US pullback from IMF could impact credit ratings

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Concerns over the United States' commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show has fueled speculation about a potential U.S. retreat from the International Monetary Fund (IMF) and...
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HSBC job cuts in Hong Kong part of $2.5B savings plan

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HSBC is set to announce $1.5 billion in annual cost savings as part of its ongoing restructuring efforts, with significant job cuts already underway. The bank has laid off nearly 40 investment bankers in Hong Kong, including four managing directors,...