Asian markets rise

Asian equity markets mostly rose Monday to build on a recent run-up following another healthy showing on Wall Street, though inflation concerns continue to dampen the mood.
15 November 2021, 18:00 PM

Thai economy shrinks, hopes for tourism-led recovery

Thailand’s economy shrank in the third quarter, official data showed Monday, but hopes for a gradual recovery are picking up after the kingdom’s reopening to foreign tourists this month.
15 November 2021, 18:00 PM

Covid hits Japan economy harder than expected in Q3

Japan’s economy shrank far more than expected in the three months to September, as a surge in virus cases hit spending and supply chain issues hampered business, data showed Monday.
15 November 2021, 18:00 PM

Coal stocks lose ground after Glasgow climate deal

An international agreement to reduce coal use has seen mining share prices fall, but tight supply of the commodity provided a floor for a sector that has chalked up huge gains this year.
15 November 2021, 18:00 PM

China’s factory output, retail sales see surprise jump

China’s economy showed signs of stabilising in October, according to data on Monday, with retail sales and factory output beating expectations as a power supply crisis appeared to ease.
15 November 2021, 18:00 PM

US states file updated antitrust complaint against Google

A group of US states led by Texas have filed an amended complaint against Alphabet Inc’s Google accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost its already dominant advertising business.
14 November 2021, 18:00 PM

Software firms connecting people with global value chain

The country’s software companies are connecting people in Bangladesh with the global value chain, especially through microfinance clients, analysts said at a seminar yesterday.
14 November 2021, 18:00 PM

China satisfied with Boeing 737 MAX changes

China’s aviation regulator has told airlines it is satisfied that design changes Boeing Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies.
14 November 2021, 18:00 PM

China regulator proposes cybersecurity review for some companies

China’s cyberspace regulator on Sunday proposed requiring companies pursuing share listings in Hong Kong to apply for cybersecurity inspections if they handle data that concerns national security.
14 November 2021, 18:00 PM

Musk says stock sale impact ‘closer to tax maximisation’

Tesla CEO Elon Musk said Saturday the result of his sale of nearly $7 billion worth of Tesla shares this week was “closer to tax maximization than minimization.”
14 November 2021, 18:00 PM

Canada pauses imports from Malaysia glove maker Supermax

Canada has paused imports from Malaysian glove maker Supermax Corp as it awaits the results of an audit, weeks after the United States barred the firm over allegations the company uses forced labour.
14 November 2021, 18:00 PM

Dollar dips

The US dollar lost some ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its third straight weekly gain after a surprisingly strong US inflation print shocked markets on Wednesday, prompting investors to advance their bets for a US rate hike.
13 November 2021, 18:00 PM

APEC to cut vaccine tariffs, mulls US hosting offer

Pacific Rim leaders agreed to cut tariffs on Covid-19 vaccines at a virtual summit Saturday, but failed to deliver meaningful movement on climate change and reacted coolly to US efforts to re-engage with the region.
13 November 2021, 18:00 PM

Iconic corporate names breaking up in trend to boost value

Three multinational giants -- General Electric, Johnson & Johnson and Toshiba -- this week announced plans to split into multiple companies, joining a trend the firms hope will provide more growth opportunities.
13 November 2021, 18:00 PM

US, Japan launch talks to resolve steel, aluminum tariffs

The United States said Friday it had opened talks with Japan aimed at reducing US tariffs on steel and aluminum imports imposed under former president Donald Trump, after Washington reached a deal on the same issue with the European Union.
13 November 2021, 18:00 PM

Global stocks rise in week dominated by inflation fears

Global stock markets mostly climbed on Friday, edging up over a week in which the threat of inflation spooked investors -- but not enough to scuttle the rally.
13 November 2021, 18:00 PM

Number of Americans quitting jobs reaches record high

The number of Americans voluntarily quitting their jobs rose to a record high in September while job openings stayed stubbornly above pre-pandemic levels, a sign that businesses may have to continue to raise wages in order to attract workers.
13 November 2021, 18:00 PM

US consumer confidence hits 10-year low

Rising prices taking a bite out of American wallets caused consumer sentiment to drop to a 10-year low in November, a sign inflation is increasingly a political liability for President Joe Biden.
13 November 2021, 18:00 PM

Airbus recovers as Boeing reels

The aviation industry is slowly recovering from last year’s Covid-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises.
13 November 2021, 18:00 PM

UAE accepts future is not oil: US delegation

The United Arab Emirates accepts that oil is not its future despite being one of the world’s top exporters, a visiting delegation of US politicians told AFP on Friday.
13 November 2021, 18:00 PM