As per the EY (Ernest and Young) report, when the total number of EMEIA IPOs fell by 53 per cent and the amount raised plummeted by 55 per cent (358 IPOs and USD 49.9 billion), the number of Indian IPOs increased from 134 to 138, raising a total of USD 7.5 billion.
Due to the ongoing conflict between Ukraine and Russia which has resulted in widespread devastation of life and property, Ukraine has suffered its sharpest economic decline in over 30 years in 2022, Al Jazeera reported, citing the official data.
Amid a slump in the country's exports due to the shrinking economy, Pakistan Prime Minister Shehbaz Sharif has formed a committee for which he has sought recommendations, ARY News reported citing sources on Thursday.
China's reversal of its Covid-19 restrictions in early December was meant to help places like Guangzhou. But the chaotic approach has contributed to a tsunami of infections that has swept across the nation, overwhelming hospitals and funeral parlours.
The Chinese manufacturing sector saw a sizeable contraction in December along with a spike in cases of Covid-19 in the country as the workforce is prevented from going to work, The Global Times reported.
Despite acknowledging that there were problems with the economy, Pakistan's Finance Minister Ishaq Dar assured investors that "there is no way Pakistan is going to default."
Out of 140 Private universities that are functional in Afghanistan, at least 35 are at risk of collapse as the educational institutes in the country are facing an economic slump following the suspension of women attending universities by the Taliban, Tolo news reported.
The hosts have had a poor start to the new campaign, suffering six straight losses and registering zero points to their name. With one-third of the league's fixtures already complete, time is of the essence for Sudeva as they sit six points behind their closest rivals on the points table.
A first half strike from Dimitrios Diamantakos resulted in a fourth straight win for KBFC, while hosts Jamshedpur FC slumped to their fifth straight defeat.
The risk of the Chinese ecnomy going into a tailspin has increased, with the country's realty sector facing a crisis due to extreme borrowings by construction contractors, reported Channel News Asia.