Kazakh PM Sees Oil-Nation Currency Pegs Axed as Crude Falls

Currency pegs in crude-producing nations are set to topple as the world enters a “new era” of low oil prices, according to the prime minister of Kazakhstan, which rattled markets this week with a surprise decision to abandon control of its exchange rate.

Rupee Return Seen Best in Emerging Markets as Growth Beats China

The rupee’s retreat this quarter hasn’t dented forecasts for returns in the high-yielding currency as India overtakes China as the world’s fastest-growing economy.

IMF approves $278.8 million aid to Bangladesh

WASHINGTON: The International Monetary Fund (IMF) has approved a financial aid of $278.8 million to Bangladesh.