Dollar steadies, yuan down

The dollar steadied on Monday, partly recovering from a knee-jerk reaction to Friday data showing US job gains were the smallest in 2-1/2 years, while disappointing inflation figures in China weighed on the yuan and proxies.
10 July 2023, 18:00 PM

Rupee recovers, premiums inch up

The Indian rupee managed to recover on Monday and far forward premium rose, tracking a fall in near-maturity US yields after data showed US payrolls rose less than expected.
10 July 2023, 18:00 PM

Yellen’s China trip yields long meetings, ‘cordial’ tone, but no consensus

US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China’s new top economic officials would immediately ease tensions between the world’s two largest economies.
10 July 2023, 18:00 PM

India inflation likely rose to 4.58% in June: poll

India’s inflation likely snapped a four-month decline in June as food prices surged, a Reuters poll of economists found, making a cut in interest rates unlikely any time soon, while the Reserve Bank of India is also expected to resist pressure to raise rates.
10 July 2023, 18:00 PM

Yellen's China trip yields long meetings, 'cordial' tone, but no consensus

US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China's new top economic officials would immediately ease tensions between the world's two largest economies.
10 July 2023, 12:38 PM

What people are saying about Ant Group's $984m fine and share buyback

China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.
10 July 2023, 11:28 AM

China's factory gate prices fall at fastest pace in 7 years

Momentum in China's post-pandemic recovery has slowed from a brisk pickup seen in the first quarter with demand for industrial and consumer products weakening
10 July 2023, 07:16 AM

Countries repatriating gold in wake of sanctions against Russia: study

The financial market rout last year caused widespread losses for sovereign money managers
10 July 2023, 06:25 AM

New Zealand signs ‘ambitious’ trade deal with EU

The European Union and New Zealand on Sunday signed a free trade agreement which Brussels says can lift exchanges between the two by 30 per cent with a decade.
9 July 2023, 18:00 PM

German industrial output slips

German industrial production unexpectedly fell in May, official data showed Friday, raising fears of a prolonged downturn in Europe’s top economy.
9 July 2023, 18:00 PM

Vietnam’s economy sees positive changes: govt

The Ministry of Planning and Investment has reported that Việt Nam’s socio-economic situation has been experiencing gradual and positive changes, with steady growth observed in several important indicators and indexes month by month.
9 July 2023, 18:00 PM

UK to unveil new measures to support financial sector

Finance minister Jeremy Hunt is on Monday due to announce new measures to support Britain’s powerful financial sector, seeking to make the UK the “most innovative and competitive” financial centre in the world.
9 July 2023, 18:00 PM

China’s GDP expected to grow 5.4% in 2023

China’s GDP is expected to grow 5.4 per cent in 2023, according to a report by the Bank of China Research Institute released last week.
9 July 2023, 18:00 PM

France expects big Tesla investment

French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe.
9 July 2023, 18:00 PM

Malaysia PM to meet Elon Musk to discuss investments

Malaysia's Trade Ministry in March said Tesla will open an office, showrooms and service centers in the country and establish a network of charging stations for its cars, but did not say when
9 July 2023, 14:17 PM

A new era dawns in trade with India

Bangladesh, India to begin bilateral trade in rupee from July 11
9 July 2023, 01:00 AM

Yellen criticises China’s ‘punitive’ actions against US companies

US Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticised its recent tough actions against US companies and mineral export controls, while China’s premier called on her to “meet China halfway” and put bilateral relations back on track.
8 July 2023, 18:00 PM

India’s fuel demand slips

India’s fuel demand eased 3.7 per cent in June month-on-month, government data showed on Friday, as monsoon rains restricted mobility in the world’s third-biggest oil consumer.
8 July 2023, 18:00 PM

Rupee logs worst week in seven

The Indian rupee ended at an over one-month low against the US dollar on Friday, and logged its worst week in seven on worries that the Federal Reserve will raise interest rates more than expected this year.
8 July 2023, 18:00 PM

Canada posts strong job gains

Canada’s economy added far more jobs than expected in June, data showed on Friday, a result analysts said probably seals the deal for another Bank of Canada (BoC) interest rate hike next week.
8 July 2023, 18:00 PM