German industrial output disappoints in April

German industrial production edged up in April but remained “subdued”, official data showed Wednesday, adding to fears of a longer recession in Europe’s largest economy.
7 June 2023, 18:00 PM

China’s exports tumble in May as global demand falters

China’s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery.
7 June 2023, 18:00 PM

China trade with Russia hits highest level

China’s total trade with Russia in May soared to levels not seen since the beginning of Moscow’s war in Ukraine, official data showed Wednesday, as Beijing steps up support for its sanctions-hit ally.
7 June 2023, 18:00 PM

Pakistan proposes 3.5% GDP

Pakistan has proposed a GDP growth target of 3.5 per cent with a 21 per cent inflation projection in estimates for its budget for the 2023-24 financial year, an official source told Reuters on Tuesday.
6 June 2023, 18:00 PM

Malaysia’s end-May palm oil stocks seen rising

Malaysia’s palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.
6 June 2023, 18:00 PM

Debt ceiling deal ignores US debt time bomb

Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating US default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade.
5 June 2023, 18:00 PM

Economic policies sacrifice poor Americans

Dollar General, the ultra-low-cost retailer with 19,000 stores reaching 75 per cent of the US population, has never been a comfortable reflection of the American consumer. It’s getting even worse.
4 June 2023, 18:00 PM

China making headway in large-scale AI models

China has developed at least 79 large-scale artificial intelligence models with over 1 billion parameters each, a research institute said in a rare public statement, amid the worldwide buzz created by OpenAI’s artificial intelligence chat bot ChatGPT.
4 June 2023, 18:00 PM

US hiring heats up in May

Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the world’s biggest economy.
3 June 2023, 18:00 PM

India’s forex reserves fall

India’s foreign exchange reserves fell for a second consecutive week and stood at a one-month low of $589.14 billion as of May 26, the Reserve Bank of India’s (RBI) data showed on Friday.
3 June 2023, 18:00 PM

China’s yuan may slip further to aid economic recovery

China’s yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world’s second-largest economy.
3 June 2023, 18:00 PM

Opec+ may go for further output cuts

Opec and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day, Opec+ sources told Reuters, as the organisation faces flagging oil prices and a looming supply glut.
3 June 2023, 18:00 PM

US consumer confidence slips on job concerns: survey

US consumer confidence slipped again in May, dragged down by a decline in how people perceive the job market, says a survey released Tuesday.
30 May 2023, 18:00 PM

Sterling rises

Sterling rose against a weaker dollar on Tuesday, but stickier than expected British inflation remains in focus ahead of a quiet week for the country’s data calendar.
30 May 2023, 18:00 PM

India may cut solar panel import tax

India is considering cutting its import tax on solar panels by half and is seeking a rollback in goods and services taxes on the devices to make up a shortfall in local output amid rising demand for renewable energy, three government sources said.
30 May 2023, 18:00 PM

Small investors souring on China’s recovery

The last great hope for China’s faltering post-pandemic rally is fading as the nation’s legion of small-time investors turns bearish on equities to double down instead on safer assets amid a stuttering economic recovery.
30 May 2023, 18:00 PM

Indian rupee drops

The Indian rupee inched lower on Tuesday, tracking the Chinese yuan-led decline on most Asian currencies, although losses were capped by portfolio inflows.
30 May 2023, 18:00 PM

UK shop price inflation strikes new record high

British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.
30 May 2023, 18:00 PM

Foreign investors withdrew $36b after selling businesses in Russia: report

Foreign investors who left Russia after selling their businesses there between March 2022 and March 2023 withdrew about $36 billion from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank.
29 May 2023, 18:00 PM

Saudi diesel imports from Russia, exports to Singapore hit records

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.
29 May 2023, 18:00 PM