US senators unveil $1tr infrastructure bill

US senators introduced a sweeping $1-trillion bipartisan plan to invest in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the chamber could pass this week the largest public works legislation in decades.
2 August 2021, 18:00 PM

China factory activity slows in July

Chinese factory activity weakened in July to its lowest level since the start of the pandemic, data showed Saturday, as manufacturing was impacted by slowing demand, weak exports and extreme weather.
1 August 2021, 18:00 PM

Brazilian cement makers bid for LafargeHolcim assets

Brazilian cement makers CSN Cimentos, a subsidiary of steelmaker CSN SA; Cimentos Mizu; and Cimento Apodi, in which Titan Cement International has a stake, are among the bidders for assets LafargeHolcim Ltd has put for sale, two people with knowledge of the matter said.
1 August 2021, 18:00 PM

China securities watchdog seeks closer cooperation with US

China’s securities regulator said on Sunday it will seek closer cooperation with its US counterpart and will support overseas listings, after US regulators tightened disclosure for Chinese companies and voiced concern about Beijing’s regulatory actions.
1 August 2021, 18:00 PM

Amazon faces slowing sales growth

Amazon.com Inc needs to spend billions of dollars to expand its warehouse and delivery system, adding pressure to its shares which dropped 7 per cent on Friday after it forecast lower sales growth. 
31 July 2021, 18:00 PM

Hong Kong GDP up 7.5pc as recovery continues

Hong Kong’s economy is continuing to recover, advanced figures showed Friday, albeit at a slightly slower than expected pace with little sign that the international finance hub’s coronavirus pandemic isolation will end any time soon.
31 July 2021, 18:00 PM

Virus variant threatens to cool oil demand recovery

Oil prices will trade near $70 per barrel for the rest of the year supported by the global economic recovery and a slower-than-expected return of Iranian supplies, with further gains limited by new coronavirus variants, a Reuters poll showed on Friday. 
31 July 2021, 18:00 PM

US Senate advances $1tr bipartisan infrastructure bill

A roughly $1 trillion bipartisan infrastructure investment bill advanced in the US Senate on Wednesday, passing a key milestone that moves the emerging legislation toward formal debate and possible passage. 
29 July 2021, 18:00 PM

Fiscal stimulus, vaccines likely fuelled US economic growth in Q2

The US economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in 38 years, as massive government aid and vaccinations against Covid-19 fueled spending on travel-related services.
29 July 2021, 18:00 PM

Swedish economy surpasses pre-pandemic size

Sweden’s economy looks to have recovered all of the losses wrought by the Covid-19 pandemic, economists said, after preliminary figures released on Thursday showed the country was at the forefront of the economic rebound.
29 July 2021, 18:00 PM

Spain’s unemployment rate falls in Q2

Spain’s unemployment rate fell in the second quarter of the year as companies hired more staff following the easing of Covid-19 restrictions, official data showed on Thursday.
29 July 2021, 18:00 PM

Higher oil prices boost Mexico’s Pemex in Q2

Mexican state energy giant Pemex said Wednesday that a recovery in oil prices helped it make a profit of around $720 million in the second quarter of 2021.
29 July 2021, 18:00 PM

US pending home sales decline in June as prices climb

Contracts to purchase previously owned US homes declined in June in step with a spike in home prices after rebounding strongly in the prior month.
29 July 2021, 18:00 PM

China’s efforts to calm investor jitters help markets rebound

China stepped up attempts to calm frayed investor nerves after a wild markets rout this week by telling foreign brokerages not to  “overinterpret” its latest regulatory actions, setting the stage for a rebound in beaten-down stocks on Thursday.
29 July 2021, 18:00 PM

UK car output up a third after slump

British car production rose by nearly a third in the first half of 2021 from last year’s slump, but remained down on the five-year average as the sector warned that Covid-19 continued to cause staffing and supply problems. 
29 July 2021, 18:00 PM

GSK sees smaller 2021 profit fall after Q2 beat

GSK forecast a smaller drop in 2021 profit on Wednesday as the drugmaker beat second-quarter earnings expectations, buoyed by a recovery in routine visits to doctors as pandemic restrictions ease. 
28 July 2021, 18:00 PM

Economists say inflation won’t last

Executives who run companies making everything from airplane parts to cars and steak burritos are at odds with economic policy makers on how durable the recent surge in US inflation will be and see higher prices hitting margins and profits through the remainder of this year, if not longer. 
28 July 2021, 18:00 PM

UK house prices fall in July as tax cut is scaled back

British house prices fell in July after a coronavirus emergency tax break for buyers was scaled back at the end of June but demand for bigger homes as a result of the pandemic is likely to support the market, mortgage lender Nationwide said. 
28 July 2021, 18:00 PM

Climate activists challenge Britain’s support of North Sea oil and gas producers

The British High Court has agreed to hear a case by environmental campaigners claiming that the government’s support of North Sea oil and gas companies conflicted with its plans to slash the country’s carbon emissions by 2050. 
28 July 2021, 18:00 PM

China takes aim at pop-up windows in further tech clampdown

Beijing on Wednesday told Tencent and other tech developers to address  “harassing” pop-up windows on their apps, in the latest salvo in China’s battle against the sector.
28 July 2021, 18:00 PM