US development agency 'assessing ramifications' on Adani's Sri Lanka project

The US International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by the Adani Group.
25 November 2024, 04:08 AM

What forcing Google to sell Chrome could mean 

US antitrust lawyers are calling on a judge to force the sale of Google’s Chrome browser to limit the company’s market clout in a move that would shake up the internet giant.
23 November 2024, 18:00 PM

Japan approves $140b stimulus

Japan’s minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years.
22 November 2024, 18:00 PM

Adani dollar bonds tumble after US bribery charges

US authorities said on Wednesday that Adani Group Chairman Gautam Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.
21 November 2024, 04:42 AM

UK economy slows, hits govt’s growth plans

Britain’s economy grew less than expected in the third quarter, official data showed Friday, dealing a blow to the Labour government that has set its sights on growth expansion.
16 November 2024, 18:00 PM

EU sees eurozone growth ticking up in 2025 but risks loom

The European Commission on Friday predicted economic growth to pick up slightly and inflation to keep falling in the eurozone next year, while warning of growing risks linked to geopolitical tensions.
16 November 2024, 18:00 PM

Gold logs biggest weekly fall

Gold prices dropped on Friday, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump’s victory and its potential impact on US interest rate expectations.
9 November 2024, 18:00 PM

Fed makes quarter point cut as Powell insists he would not quit

The US Federal Reserve shrugged off concerns about the economic impact of Donald Trump’s election victory and moved ahead with a quarter point cut Thursday.
9 November 2024, 18:00 PM

Dollar rebounds after weak jobs data; traders eye US election

The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing US job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers.
2 November 2024, 18:00 PM

Asia’s factory activity stagnates, taking shine off rebound in China

Asia’s manufacturing activity stagnated in October as a rebound in China failed to give much of a boost to regional factories, private surveys showed, a discouraging sign for policymakers bracing for a potential escalation of US-China trade tensions.
2 November 2024, 18:00 PM

US election: What is at stake for Bangladesh’s exports

As millions of Americans head to the polls on November 5 to vote for either Democratic Vice President Kamala Harris or her Republican rival Donald Trump, apparel business communities in Bangladesh, more than 13,119 kilometres away from Washington, will be watching the results of the presidential election closely.
2 November 2024, 18:00 PM

US consumer mood brightens, among Republicans in particular

US consumer sentiment climbed to a six-month high in October as declining interest rates helped improve buying conditions for big-ticket items like cars, but the uptick was most pronounced among Republicans who grew more confident in their party regaining the White House in the Nov. 5 presidential election.
26 October 2024, 18:00 PM

HSBC merges commercial, investment banking units

HSBC Holdings said on Tuesday it would combine some of its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery, which will see it cut costs while trying to improve returns.
22 October 2024, 18:00 PM

As poor nations' default wave peaks, cash shortage could take its place

The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings taking place in Washington, D.C. this week.
21 October 2024, 04:08 AM

China posts slowest growth in over a year

China posted its slowest growth in a year and a half on Friday, underlining the deep economic woes the country faces as its central bank launched a new bid to boost markets and hinted at a further rate cut in coming months.
19 October 2024, 18:00 PM

A key to Citi's regulatory woes: staff need skills 'enhancement'

Citi’s analysis, a portion of which was seen by Reuters and has not been previously reported, shows the bank has been grappling with a shortage of skilled personnel, finding at times that it did not have the right training and assessment tools to fix its regulatory challenges.
15 October 2024, 06:25 AM

IMF says global public debt to top $100 trillion, growth may accelerate

Released a week before the IMF and World Bank hold annual meetings in Washington, the Fiscal Monitor said there are good reasons to believe future debt levels could be well higher than currently projected, including a desire to spend more in the US, the world's largest economy.
15 October 2024, 04:02 AM

China’s car sales snap five-month decline on subsidy boost

China’s passenger vehicle sales rose 4.3 percent in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of a broader stimulus package.
13 October 2024, 18:00 PM

Vietnam, China sign 10 deals on economic cooperation

Vietnam and China signed 10 agreements on Sunday, including on expanding cross-border railway links, payments and economic cooperation.
13 October 2024, 18:00 PM

China tees up fresh spending to boost ailing economy

China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support packages in years.
12 October 2024, 18:00 PM