19h ago| Global Economy

China’s export growth loses steam in Nov

Export growth in China lost some steam in November as holiday demand from abroad faded, official data showed Tuesday, but demand for overseas fuel pushed up imports to spike above expectations.

19h ago| Global Economy

Biden vows to fix US money laundering loopholes

President Joe Biden’s administration will announce an anti-corruption strategy meant to tackle two major vehicles for money laundering in the United States -- real estate transactions and shell...

19h ago| Global Economy

IMF sees China’s growth ‘slowing notably’

China has an important part to play in the global economy as it recovers from Covid-19, but its growth is slowing, IMF Managing Director Kristalina Georgieva said Monday.

1d ago| Global Economy

Chinese developer misses repayment of $179m

Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity problems amid a government crackdown on the debt-laden sector.

2d ago| Global Economy

UN plans to drastically expand plastic waste management in India

The United Nations Development Programme aims to almost triple its plastic waste management to 100 cities in India by 2024, A UNDP executive said, to combat the damaging effects of plastic pollution.

2d ago| Global Economy

Asian LNG prices fall as import demand from China muted

Asia liquefied natural gas (LNG) prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to...

December 8, 2021
December 8, 2021

S Africa economy shrinks for first time in a year

South Africa’s economy shrank for the first time in a year in the third quarter as the country was hit by riots and tighter Covid restrictions, official statistics showed Tuesday.

December 8, 2021
December 8, 2021

Saudi Aramco, BlackRock sign $15.5b gas pipeline deal

Saudi Aramco said it has signed a $15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company in its second...

December 8, 2021
December 8, 2021

China pledges housing support after latest default

China on Monday announced a reserve ratio cut and renewed support for the housing market as another Chinese property developer said it had defaulted on a major bond repayment.

December 8, 2021
December 8, 2021

IMF sees China’s growth ‘slowing notably’

China has an important part to play in the global economy as it recovers from Covid-19, but its growth is slowing, IMF Managing Director Kristalina Georgieva said Monday.

December 8, 2021
December 8, 2021

Biden vows to fix US money laundering loopholes

President Joe Biden’s administration will announce an anti-corruption strategy meant to tackle two major vehicles for money laundering in the United States -- real estate transactions and shell...

December 8, 2021
December 8, 2021

China’s export growth loses steam in Nov

Export growth in China lost some steam in November as holiday demand from abroad faded, official data showed Tuesday, but demand for overseas fuel pushed up imports to spike above expectations.

December 7, 2021
December 7, 2021

Chinese developer misses repayment of $179m

Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity problems amid a government crackdown on the debt-laden sector.

December 7, 2021
December 7, 2021

Japan PM seeks to boost workers’ wages

Japanese Prime Minister Fumio Kishida vowed on Monday to ensure worker wage hikes to protect the economy from rising global inflation, while strengthening the country’s defences as it deals with an...

December 7, 2021
December 7, 2021

Oil rebounds towards $72

Oil climbed by $2 a barrel towards $72 on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and as the prospect of an...

December 7, 2021
December 7, 2021

China central bank to cut reserve requirement ratio

China’s central bank said on Monday it would cut the amount of cash that banks must hold as reserves, its second such move this year, releasing 1.2 trillion yuan ($188.24 billion) in long-term...