BOJ to keep stimulus as deflation risks cloud outlook

The Bank of Japan was expected to keep monetary policy steady on Wednesday as weak growth and deflation risks remain primary concerns, in contrast to major counterparts eyeing a withdrawal of crisis-mode support for their economies.
22 September 2021, 18:00 PM

Taliban names Afghan UN envoy, asks to address General Assembly

The Taliban have asked to address world leaders at the United Nations in New York this week and nominated their Doha-based spokesman Suhail Shaheen as Afghanistan's UN ambassador, according to a letter seen by Reuters on Tuesday.
22 September 2021, 04:32 AM

Electric vehicles may cut global refining capacity demand

A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. 
21 September 2021, 18:00 PM

Chinese property magnate loses $1b in Evergrande panic

The boss of a Shanghai-based property developer lost more than a billion dollars Monday, as fears over the potential collapse of Chinese real estate giant Evergrande sent panic across Hong Kong trading floors.
20 September 2021, 18:00 PM

Bumpy road as ageing Japan bets on self-driving cars

With an ageing population in need of transport, Japan is betting on autonomous cars, but an accident involving a self-driving showcase at the Paralympics illustrates the challenges ahead.
16 September 2021, 18:00 PM

China’s biotech sector comes of age

If investors in China’s biotech industry needed one more sign that the sector is coming of age, then a major licensing deal RemeGen Co Ltd struck last month with Seattle-based Seagen Inc fits the bill. 
16 September 2021, 18:00 PM

China’s factories, retailers stumble on Covid disruptions

China’s factory and retail sectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery.
15 September 2021, 18:00 PM

Asian markets struggle for traction

Investors trod cautiously in early Asian trade Tuesday as they awaited US inflation data that could play a key role in determining when the Federal Reserve will start winding down its market-supporting monetary policy.
14 September 2021, 18:00 PM

Aluminium breaks $3,000 on supply concerns

Aluminium broke $3,000 a tonne for the first time in 13 years Monday on supply concerns while equity markets were mixed as record high US inflation ramped up concerns the Federal Reserve will have to tighten monetary policy sooner than later.
13 September 2021, 18:00 PM

Dollar drifts higher as US inflation data looms

The dollar began a busy data week on a firm footing, with immediate focus turning to US inflation figures but investors are also wary of the Federal Reserve priming to exit from its super-supportive policy stance even as Covid-19 cases surge.
13 September 2021, 18:00 PM

Fleeing Afghans sell their wares at Kabul’s busy bazaars

Kabul’s flea markets are packed with the belongings that desperate Afghans have sold at rock-bottom prices to fund their escape from Taliban rule, or just to pay for food.
13 September 2021, 18:00 PM

Biden has a chance to make Fed’s board look more like America

As US President Joe Biden assesses whether to reappoint Federal Reserve Chair Jerome Powell and nominate as many as three others to the central bank’s powerful board, he has the opportunity to revamp a leadership team long criticized for being too white and too male. 
13 September 2021, 18:00 PM

China targets Alipay in tech crackdown

Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in  “the unruly growth” of the tech giants.
13 September 2021, 18:00 PM

Afghanistan remittance payouts limited to local currency -sources

Afghanistan's central bank has ordered banks to pay out remittances in local currency only, the latest move to preserve scarce U.S. dollars, say sources familiar with the matter.
11 September 2021, 13:22 PM

China’s factory inflation hits 13-year high

China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy.
9 September 2021, 18:00 PM

Afghans fear for jobs and money after Taliban takeover

As a nurse at one of Kabul’s main hospitals, Latifa Alizada was the breadwinner for her family, providing for her three young boys and unemployed husband.Now -- since the Taliban rolled into Afghanistan’s capital -- she too is jobless, and worried about the future.
9 September 2021, 18:00 PM

Singapore-based company to supply 50,000 tonnes of wheat

Singapore-based Agrocorp Pte International yesterday got the contract to supply 50,000 tonnes of wheat to the Directorate General (DG) of Food, according to a decision of the cabinet committee on purchase.
8 September 2021, 18:00 PM

Japan upgrades Q2 GDP on stronger business spending

Japan’s economy grew faster than the initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in Covid-19 is undermining service-sector consumption and clouding the outlook.
8 September 2021, 18:00 PM

Japan calls for $270b-plus stimulus package

Japan’s former foreign minister Fumio Kishida, a strong contender to become next prime minister, has called for a package of more than 30 trillion yen ($273 billion) to cushion the blow from the coronavirus pandemic, a magazine reported.
7 September 2021, 18:00 PM

Indian growers gather outside Delhi to protest farm laws

Thousands of Indian farmers gathered in a large grain market outside New Delhi on Tuesday, protesting new agricultural laws they say threaten their livelihoods and actions by police during similar demonstrations last week. 
7 September 2021, 18:00 PM