12h ago| Global Economy

Indonesia eases coal export ban

Indonesia, the world’s top exporter of thermal coal, on Monday said it would ease a ban on exports of the fuel that it imposed to head off looming blackouts.

12h ago| Global Economy

Asian-owned shipbuilders in Germany file for bankruptcy

Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy Monday, which one union leader described as a  “dark day” for the country’s dockyards.

12h ago| Global Economy

Gloomy outlook for global recovery: WEF

 Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found,...

1d ago| Global Economy

Eurozone jobless rate shrinks again

The unemployment rate in the eurozone dropped again in November, official figures showed on Monday, as hiring withstood new coronavirus outbreaks in several member countries.

1d ago| Global Economy

Markets mostly up

Most Asian and European markets rose Monday as traders brushed off another negative performance on Wall Street as US data showed fewer new jobs than expected were created last month but that wages...

2d ago| Global Economy

Oil prices jump over Kazakhstan unrest

Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected despite the Central Asian country being the world’s...

January 12, 2022
January 12, 2022

Britain eyes shake-up in financial data market

Britain signalled a shake-up in the availability and price of financial market data on Tuesday due to concerns over “limited competition” for benchmarks, indices and credit ratings.

January 12, 2022
January 12, 2022

Gloomy outlook for global recovery: WEF

 Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found,...

January 12, 2022
January 12, 2022

Asian-owned shipbuilders in Germany file for bankruptcy

Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy Monday, which one union leader described as a  “dark day” for the country’s dockyards.

January 12, 2022
January 12, 2022

Indonesia eases coal export ban

Indonesia, the world’s top exporter of thermal coal, on Monday said it would ease a ban on exports of the fuel that it imposed to head off looming blackouts.

January 12, 2022
January 12, 2022

Fed’s Powell to highlight inflation fight at hearing

Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and stabilize the US economy at his confirmation hearing, according to testimony released Monday.

January 11, 2022
January 11, 2022

Mukesh Ambani buys NYC hotel for $98 million

Asia's biggest billionaire, Mukesh Ambani, has bought more than 70 percent stake in the Mandarin Oriental hotel in America’s New York City for $98 million.

January 11, 2022
January 11, 2022

Markets mostly up

Most Asian and European markets rose Monday as traders brushed off another negative performance on Wall Street as US data showed fewer new jobs than expected were created last month but that wages...

January 11, 2022
January 11, 2022

Eurozone jobless rate shrinks again

The unemployment rate in the eurozone dropped again in November, official figures showed on Monday, as hiring withstood new coronavirus outbreaks in several member countries.

January 11, 2022
January 11, 2022

Kazakhs count cost of living as largest city reels from violence

Before clashes between security forces and government opponents left dozens dead and rendered parts of Kazakhstan’s largest city almost unrecognisable, citizens in the west of the oil-rich country...

January 11, 2022
January 11, 2022

China’s aviation sector aims for profitability

China’s aviation sector will aim to turn losses into profits this year with an expected recovery to 85 per cent of its pre-Covid volume of domestic passenger trips, the aviation regulator said on...