Apec expresses ‘moderate’ hope over US-China trade deal

APEC finance ministers expressed “moderate optimism” on Tuesday that the United States and China will end their trade war and sign an agreement during the forum’s summit in Santiago next month.
16 October 2019, 18:00 PM

Large US banks report mixed earnings

Large US banks reported mixed quarterly results on Tuesday, challenged by a shifting interest rate landscape and uncertainty about global trade but bolstered in some cases by strong consumer activity.
16 October 2019, 18:00 PM

Slowing Indian bank lending overshadows economic rebound hopes

Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of India (RBI) data shows, as slowing domestic consumption weighs on demand.
16 October 2019, 18:00 PM

China’s crackdown on sugar smuggling leaves global storage headache

A crackdown on sugar smuggling into China has left abundantly supplied markets in Asia and beyond struggling to absorb excess supplies, causing a wider storage problem for global markets.
14 October 2019, 18:00 PM

BSEC halts trading via Shah Mohammad Sagir & Co

A brokerage house of Dhaka Stock Exchange (DSE) has been suspended from carrying out trading by the Bangladesh Securities and Exchange Commission (BSEC) for its failure to settle transactions twice in a month.
14 October 2019, 18:00 PM

China imports, exports down in September as growth cools

China’s imports and exports fell more than expected in September, official data showed Monday, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy.
14 October 2019, 18:00 PM

Pound resumes drop at start of key Brexit week

The British pound slid against the euro and dollar Monday, the start of a pivotal week for Britain and the European Union to strike a Brexit deal.
14 October 2019, 18:00 PM

UK sets date for first post-Brexit budget

Britain’s government is planning a first post-Brexit budget for November 6, one week after it expects the country to have left the European Union, finance minister Sajid Javid announced Monday.
14 October 2019, 18:00 PM

Total to buy 37pc stake in Adani Gas

French energy giant Total SA said on Monday it will buy a 37.4 percent stake in Indian gas distribution company Adani Gas, as it looks to capitalize on India’s push for cleaner sources of energy.
14 October 2019, 18:00 PM

German security rulebook to keep 5G door open to Huawei

A new German security rulebook will not exclude Chinese telecoms equipment maker Huawei Technologies from supplying gear for the country’s 5G mobile networks, a senior government source said on Monday.
14 October 2019, 18:00 PM

India’s retail inflation surges, rate cut hopes still high

India's retail inflation rose close to the central bank’s medium-term target of 4 percent in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
14 October 2019, 18:00 PM

Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia

Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders.
14 October 2019, 18:00 PM

US to issue licences for supply of non-sensitive goods to Huawei

The United States will soon issue licences allowing some US companies to supply non-sensitive goods to China’s Huawei, the New York Times reported, as high-level officials from the two countries meet this week to resume trade talks.
10 October 2019, 18:00 PM

Fed members ‘more concerned,’ say recession risks rising

American central bankers have grown more fearful, saying a global slowdown and President Donald Trump’s trade wars could drag down hiring and the broader economy with it, meeting minutes showed Wednesday.
10 October 2019, 18:00 PM

UK economy shrinks but set to avoid recession

Britain’s Brexit-facing economy shrank in August, official data showed Thursday, but analysts say a better-than-expected July is expected to help it avoid recession.
10 October 2019, 18:00 PM

Trade wars lose US its competitiveness top spot

The United States fell to second place behind Singapore in the World Economic Forum’s flagship Global Competitiveness Report, with the slippage linked in part to President Donald Trump’s trade wars.
10 October 2019, 18:00 PM

India pursues China-led trade deal despite domestic opposition

India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.
10 October 2019, 18:00 PM

OECD suggests ‘unified approach’ to break deadlock on digital tax

The OECD published Wednesday its suggestions for a “unified approach” on fairly taxing digital giants to break a deadlock in a dispute that has raised tensions between the United States and some EU allies.
10 October 2019, 18:00 PM

British firm Arm joins GM, Toyota for car chips

Arm Holdings, the British chip technology firm owned by Japan’s Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology.
9 October 2019, 18:00 PM

Growth of global value chains stalls amid trade conflicts: WB

The growth of global value chains, a key driver of trade and poverty reduction in emerging market countries, has largely stalled in the past decade and is under threat from trade conflicts and emerging new technologies, the World Bank said on Tuesday.
9 October 2019, 18:00 PM