Surging oil prices add another worry for frazzled investors

A US stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry: higher oil prices.
19 February 2022, 18:00 PM

Japan’s consumer prices rise

Japan’s core consumer prices rose for a fifth straight month in January but at a slower pace than in the previous month, boosting the likelihood the country’s central bank will lag behind other economies in raising interest rates.
19 February 2022, 18:00 PM

StanChart bets on rate hikes to hit lofty goals

Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.
17 February 2022, 18:00 PM

IMF chief urges G20 to move faster on debt relief

Advanced nations should  “immediately” provide relief to developing nations whose debt burdens have swelled due to the Covid-19 pandemic, IMF Managing Director Kristalina Georgieva said Wednesday.
17 February 2022, 18:00 PM

Markets rally on hopes for easing Russia-Ukraine tensions

Asian markets rebounded Wednesday and Europe extended gains on hopes that Russia will not invade Ukraine after Moscow said some of its troops on the countries’ border had started pulling back.
16 February 2022, 18:00 PM

Fed’s credibility ‘on the line’ amid US inflation spike

The Federal Reserve needs to accelerate the pace of interest rate increases to fight inflation, but can do so in a way that doesn’t roil financial markets, St. Louis Fed President James Bullard said Monday.
15 February 2022, 18:00 PM

Britain unemployment rate steady

The UK’s unemployment rate remained steady at the end of last year despite the emergence of the Omicron variant of the coronavirus, official data showed on Tuesday.
15 February 2022, 18:00 PM

India bans 54 Chinese apps

India has blocked access to 54 mobile apps, mainly Chinese but also including Singapore-based Sea Ltd’s Free Fire game, over security concerns, government sources said on Tuesday, a day after Sea shares sank 18 per cent on a report of the ban.
15 February 2022, 18:00 PM

Japan, private sector can help bring investment

Japan and its private sector can play a pivotal role in bringing in investment to Bangladesh and help the country tap opportunities in the time of the fourth industrial revolution, said speakers yesterday.
15 February 2022, 18:00 PM

German investor morale rises

Confidence among investors in Germany grew in February, according to figures published Tuesday, in spite of rising tensions with Russia over Ukraine and lingering supply chain issues.
15 February 2022, 18:00 PM

Japan’s economy rebounds on solid spending

Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook.
15 February 2022, 18:00 PM

WB economist warns of dangers of ignoring growing debt

Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a top World Bank official warned.
15 February 2022, 18:00 PM

India cenbank committed to inflation target

India’s central bank is committed to its inflation mandate and the likely uptick in January inflation towards the upper end of its target band should not create any panic, central bank chief Shaktikanta Das said on Monday.
14 February 2022, 18:00 PM

Oil steady as Ukraine-Russia tensions loom

Oil prices were steady on Monday in seesaw trading, after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger US and European sanctions that would disrupt exports from one of the world’s top producers.
14 February 2022, 18:00 PM

Apollo to invest $1.4b in Abu Dhabi developer Aldar

Apollo Global Management will invest $1.4 billion in Abu Dhabi developer Aldar Properties , including a land joint venture and an equity investment in the company’s real estate unit, the pair said on Monday.
14 February 2022, 18:00 PM

Boeing confident of working through any disruption

Boeing Co is confident of working through any potential disruption in titanium supplies due to its “very diverse” supply base, a senior executive at the US manufacturer said on Monday.
14 February 2022, 18:00 PM

Hopes for recovery in focus at Asia’s biggest airshow

Asia’s biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover.
14 February 2022, 18:00 PM

Vietnam won’t close factories amid Covid surge

Vietnamese factories making everything from shoes to smartphones are expected to continue production despite record Covid-19 infections, reversing a policy of sweeping lockdowns last year that hobbled global supply chains for Western retailers.
14 February 2022, 18:00 PM

Iraq’s $27b Total deal stuck over contract wrangling

A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government.
14 February 2022, 18:00 PM

UAE, Indonesia trade deal could be signed next month

The United Arab Emirates and Indonesia are close to finalising a trade and investment deal after months of negotiations and could sign an agreement in March, officials from the two sides said.
14 February 2022, 18:00 PM