China’s new home prices fall at slower pace

China’s December new home prices declined at a slower pace compared with a month earlier, a private-sector survey showed on Saturday, offering a tentative sign of stabilising demand after authorities took steps to avert a hard landing for the market.
2 January 2022, 18:00 PM

Trade between China, other RCEP members rises to $1.72t

Imports and exports between China and the other 14 members of the Regional Comprehensive Economic Partnership totaled 10.96 trillion yuan (about $1.72 trillion) in the first 11 months of this year, according to Chinese customs data.
2 January 2022, 18:00 PM

Reliance plans to raise $5b in US debt

India’s Reliance Industries Ltd said it plans to raise up to $5 billion in dollar-denominated debt and use proceeds primarily to refinance its existing borrowings.
2 January 2022, 18:00 PM

Global stocks end strong year with losses

Global stock markets closed lower Friday, the final trading session of 2021 -- a year of strong gains overall as economies recovered despite ongoing restrictions caused by the coronavirus pandemic.
1 January 2022, 18:00 PM

EU drafts plan to label gas, nuclear investments as green

The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate friendly.
1 January 2022, 18:00 PM

Germany shuts three nuclear power plants

Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables.
1 January 2022, 18:00 PM

China to scrap subsidies for electric vehicles

China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed.
1 January 2022, 18:00 PM

Euro marks 20 eventful years

The euro on Saturday marked 20 years since people began to use the single European currency, overcoming initial doubts, price concerns and a debt crisis to spread across the region.
1 January 2022, 18:00 PM

Turkey jacks up electricity, gas prices

Turkey sharply raised electricity prices by 50-100 per cent for households and companies on Saturday, and again increased monthly natural gas bills, adding to strains in an economy facing soaring overall inflation.
1 January 2022, 18:00 PM

Omicron, inflation cloud 2022 US profit picture

Profit growth for US corporations is expected to slow next year after a gangbuster 2021, with rising inflation and a rapidly spreading Covid-19 variant adding to uncertainty as investors try to justify stock prices trading near record highs.
1 January 2022, 18:00 PM

Omicron spoils US holiday economic comeback

Holiday events have been scrapped in droves, thousands of flights canceled, cruises are now off limits: the Omicron variant has wreaked havoc in the United States, and the new year could see more issues exacerbating the worker shortage and price increases.
1 January 2022, 18:00 PM

Tesla recalls 675,000 cars in US, China

Tesla has recalled 675,000 cars in the United States and China over issues with the trunk and front hood of two models, raising new questions about the safety of the popular electric vehicle.
1 January 2022, 18:00 PM

Vietnam’s growth slides to new 30-year low

Vietnam reported economic growth for 2021 of just 2.58 per cent on Wednesday, beating a 30-year low set last year as the pandemic continues to take a toll.
29 December 2021, 18:00 PM

Asian markets down as investors look to uncertain 2022

Asian stocks were mostly down in Wednesday trade as a  “Santa Claus rally” showed signs of fatigue and continued fears over the Omicron variant -- as well as uncertainty about economic prospects for 2022 -- weighed on markets.
29 December 2021, 18:00 PM

China tightens rules on overseas listings in Didi fallout

Beijing has tightened the rules on overseas listings by Chinese firms in a series of new regulations that increase scrutiny of companies seeking to raise funds on foreign stock markets.
28 December 2021, 18:00 PM

South Korea’s exports hit all-time high

South Korea’s exports from the beginning of the year to Monday surpassed the record-high annual outbound shipments of $604.9 billion, observed in 2018, setting a new all-time high.
28 December 2021, 18:00 PM

Global economy rebounds, but for how long?

The world economy woke up from its pandemic-induced coma in 2021, but between the Omicron variant causing renewed disruptions and persistent inflation pushing central banks to pump the brakes, the outlook is uncertain.
28 December 2021, 18:00 PM

UAE plans to scrap monopolies of some big merchant families

The United Arab Emirates government has told some of its biggest business families that it plans to remove their monopolies on the sale of imported goods, the Financial Times reported on Sunday.
27 December 2021, 18:00 PM

Gold flat as weaker US yields balance firmer dollar

Gold held steady on Monday above the key level of $1,800 per ounce, as its enhanced appeal due to slightly weaker US Treasury yields was countered by an uptick in the dollar, making bullion more expensive for holders of other currencies.
27 December 2021, 18:00 PM

World stocks stall as virus concerns linger

World stocks steadied and oil prices eased in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the new year.
27 December 2021, 18:00 PM