Japan’s economy rebounds on solid spending

Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook.
15 February 2022, 18:00 PM

WB economist warns of dangers of ignoring growing debt

Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a top World Bank official warned.
15 February 2022, 18:00 PM

India cenbank committed to inflation target

India’s central bank is committed to its inflation mandate and the likely uptick in January inflation towards the upper end of its target band should not create any panic, central bank chief Shaktikanta Das said on Monday.
14 February 2022, 18:00 PM

Oil steady as Ukraine-Russia tensions loom

Oil prices were steady on Monday in seesaw trading, after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger US and European sanctions that would disrupt exports from one of the world’s top producers.
14 February 2022, 18:00 PM

Apollo to invest $1.4b in Abu Dhabi developer Aldar

Apollo Global Management will invest $1.4 billion in Abu Dhabi developer Aldar Properties , including a land joint venture and an equity investment in the company’s real estate unit, the pair said on Monday.
14 February 2022, 18:00 PM

Boeing confident of working through any disruption

Boeing Co is confident of working through any potential disruption in titanium supplies due to its “very diverse” supply base, a senior executive at the US manufacturer said on Monday.
14 February 2022, 18:00 PM

Hopes for recovery in focus at Asia’s biggest airshow

Asia’s biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover.
14 February 2022, 18:00 PM

Vietnam won’t close factories amid Covid surge

Vietnamese factories making everything from shoes to smartphones are expected to continue production despite record Covid-19 infections, reversing a policy of sweeping lockdowns last year that hobbled global supply chains for Western retailers.
14 February 2022, 18:00 PM

Iraq’s $27b Total deal stuck over contract wrangling

A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government.
14 February 2022, 18:00 PM

UAE, Indonesia trade deal could be signed next month

The United Arab Emirates and Indonesia are close to finalising a trade and investment deal after months of negotiations and could sign an agreement in March, officials from the two sides said.
14 February 2022, 18:00 PM

Foreign firms in Myanmar face tough choices after coup

Japan beer giant Kirin became on Monday the latest foreign company to announce it was leaving Myanmar in the wake of a coup last year and a military crackdown on dissent.
14 February 2022, 18:00 PM

China’s soymeal prices hit highs

China’s soymeal futures soared to record highs this week on concerns about the scale of South America’s drought-hit soybean crop and tightening meal supplies in domestic markets.
13 February 2022, 18:00 PM

Xinjiang labour policies discriminatory

An International Labour Organization committee has expressed  “deep concern” about China’s policies in its far western region of Xinjiang, calling them discriminatory and asking Beijing to bring its employment practices into line with global standards.
13 February 2022, 18:00 PM

Myanmar firm poised to control Telenor unit

Myanmar’s military has given the go-ahead for a local company to own most of Norwegian telco Telenor’s operations in the country, under a deal to be finalised shortly, communications seen by Reuters show.
13 February 2022, 18:00 PM

Global fuel shortage spreads to diesel

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring.
13 February 2022, 18:00 PM

Saudi transfers oil giant Aramco shares to sovereign fund

Saudi Arabia has moved four per cent of Aramco shares worth 80 billion dollars in the world’s biggest oil exporter to the kingdom’s sovereign wealth fund, authorities said Sunday.
13 February 2022, 18:00 PM

Visa makes payments easier for Bangladeshi patients in India

Visa, the global leader in digital payments, announced yesterday that it has partnered with Vaidam, a hospital care discovery platform, to make payments easier for medical travelers from South Asian countries seeking healthcare in India.
13 February 2022, 18:00 PM

US solar tariff: Boon for South Korea, blow for China

South Korean solar companies may face a bright future this year as the US recently extended a tariff for four more years to keep cheap Chinese products in check.
13 February 2022, 18:00 PM

India hopes to replace diesel

India is hoping to cut diesel use by farms to zero and migrate the agriculture sector to renewable energy as early as 2024, the Power Ministry said on Friday, as a part of its broader plan to transition to cleaner energy sources.
13 February 2022, 18:00 PM

US inflation data hits global stocks

Major global stock indexes fell on Thursday under pressure from crucial US inflation data, falling technology shares and rising benchmark bond yields.
13 February 2022, 18:00 PM