Dollar slips further

The dollar eased further on Tuesday as risk-related currencies benefited from rising commodity prices and markets set aside concerns about the spread of the Delta coronavirus variant to gauge data that showed a US economy in strong recovery mode.
25 August 2021, 18:00 PM

Biden’s nearly $5tr spending plans win key House vote

US President Joe Biden’s plans to spend nearly $5 trillion to change the world’s largest economy advanced in the House of Representatives on Tuesday, after Democratic leaders reached an agreement with centrist lawmakers to end a dispute threatening the bills.
25 August 2021, 18:00 PM

US firms pitch in on Afghanistan aid

US companies including Airbnb Inc and Walmart Inc are lending a hand to the people of Afghanistan after the recent collapse of the US-backed government and takeover by the Taliban militant group.
25 August 2021, 18:00 PM

Samsung announces $205b investment plan

Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs.
25 August 2021, 18:00 PM

Slow vaccination to cost global economy $2.3tr: study

The slow rollout of coronavirus vaccines will cost the global economy $2.3 trillion in lost output, a report released Wednesday found.
25 August 2021, 18:00 PM

India may announce overseas listing rules in next budget

India may announce rules allowing companies to list overseas in the next budget in February, as some issues are yet to be resolved and are under discussion, Revenue Secretary Tarun Bajaj said on Wednesday.
25 August 2021, 18:00 PM

South Korea set to curb Google, Apple commission dominance

South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech companies by a major economy.
25 August 2021, 18:00 PM

Canadian province plans vaccine passport for restaurants

The Canadian province of British Columbia will require patrons of non-essential businesses such as restaurants and movie theatres to be vaccinated against Covid-19 from September 13, the government said on Monday.
24 August 2021, 18:00 PM

Walmart starts last mile delivery service

Walmart on Tuesday launched a delivery service for other merchants throughout the United States, an announcement that comes as sellers scramble to secure deliveries ahead of the all-important holiday shopping season.  
24 August 2021, 18:00 PM

Oil and equities bounce back

Oil prices soared and stocks rebounded Monday on bargain-buying after last week’s retreat, with traders riding a wave of renewed optimism.
24 August 2021, 18:00 PM

Putin gifts pensioners cash payments ahead of polls

Russian President Vladimir Putin on Tuesday ordered pensioners get $135 in a bid to drum up support ahead of parliamentary elections next month that could see the unpopular ruling United Russia party struggle.
24 August 2021, 18:00 PM

High prices didn’t deter Americans from homebuying in July

US homes for sale were in short supply and expensive in July, but Americans continued buying, according to industry data Monday showing sales rose for a second straight month.
24 August 2021, 18:00 PM

Asian stocks rally on extended Wall St bounce

Asian stocks rose on Tuesday on an extended bounce on Wall Street as investors drew comfort from full approval granted to the Pfizer/BioNTech vaccine and on easing worries of an imminent tapering of stimulus by the Federal Reserve.
24 August 2021, 18:00 PM

UK businesses fear for Afghan rug weavers

Overseas businesses selling colourful handwoven rugs and vivid handblown glass from Afghanistan are concerned for their suppliers as the Taliban’s takeover of the country threatens those with links to the West.
24 August 2021, 18:00 PM

Delta knocks wind out of Asia’s economic recovery

Asia’s robust economic recovery from last year’s coronavirus low is losing momentum as a surge in Covid-19 cases sees shops empty again and factories close, dimming prospects for corporate profit growth after a blockbuster half year.
24 August 2021, 18:00 PM

Yemen to get $655m of IMF reserves

Yemen will receive about $665 million worth of reserves from the International Monetary Fund (IMF) on Monday which will help ease an acute economic and humanitarian crisis in the war-torn country, the fund’s regional representative for Yemen said.
23 August 2021, 18:00 PM

Carbon taxes could hurt Russia more than sanctions: report

Igor Sechin, chief of oil giant Rosneft, has told the Kremlin that carbon border taxes like the European Union’s could inflict far greater damage to Russia’s economy than sanctions, the Kommersant newspaper reported on Monday.
23 August 2021, 18:00 PM

German growth could miss Bundesbank forecast

Economic growth in Germany could miss projections this year and the resurgence of the coronavirus pandemic may put unexpected strain on the economy in the autumn, the Bundesbank said in a monthly report on Monday. 
23 August 2021, 18:00 PM

China halts over 40 IPOs amid regulatory probe

Chinese bourses have halted more than 40 initial public offerings (IPOs) in Shanghai and Shenzhen amid a regulatory probe into several intermediaries in the deals, according to official exchange disclosures. 
23 August 2021, 18:00 PM

Eurozone business boom roars on in August

Business activity in the eurozone grew strongly again this month, only dipping from July’s two-decade high monthly pace, as a rapid vaccination drive against the coronavirus allowed more firms to reopen and customers to venture out, a survey showed. 
23 August 2021, 18:00 PM