Foreign firms in Myanmar face tough choices after coup

Japan beer giant Kirin became on Monday the latest foreign company to announce it was leaving Myanmar in the wake of a coup last year and a military crackdown on dissent.
14 February 2022, 18:00 PM

China’s soymeal prices hit highs

China’s soymeal futures soared to record highs this week on concerns about the scale of South America’s drought-hit soybean crop and tightening meal supplies in domestic markets.
13 February 2022, 18:00 PM

Xinjiang labour policies discriminatory

An International Labour Organization committee has expressed  “deep concern” about China’s policies in its far western region of Xinjiang, calling them discriminatory and asking Beijing to bring its employment practices into line with global standards.
13 February 2022, 18:00 PM

Myanmar firm poised to control Telenor unit

Myanmar’s military has given the go-ahead for a local company to own most of Norwegian telco Telenor’s operations in the country, under a deal to be finalised shortly, communications seen by Reuters show.
13 February 2022, 18:00 PM

Global fuel shortage spreads to diesel

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring.
13 February 2022, 18:00 PM

Saudi transfers oil giant Aramco shares to sovereign fund

Saudi Arabia has moved four per cent of Aramco shares worth 80 billion dollars in the world’s biggest oil exporter to the kingdom’s sovereign wealth fund, authorities said Sunday.
13 February 2022, 18:00 PM

Visa makes payments easier for Bangladeshi patients in India

Visa, the global leader in digital payments, announced yesterday that it has partnered with Vaidam, a hospital care discovery platform, to make payments easier for medical travelers from South Asian countries seeking healthcare in India.
13 February 2022, 18:00 PM

US solar tariff: Boon for South Korea, blow for China

South Korean solar companies may face a bright future this year as the US recently extended a tariff for four more years to keep cheap Chinese products in check.
13 February 2022, 18:00 PM

India hopes to replace diesel

India is hoping to cut diesel use by farms to zero and migrate the agriculture sector to renewable energy as early as 2024, the Power Ministry said on Friday, as a part of its broader plan to transition to cleaner energy sources.
13 February 2022, 18:00 PM

US inflation data hits global stocks

Major global stock indexes fell on Thursday under pressure from crucial US inflation data, falling technology shares and rising benchmark bond yields.
13 February 2022, 18:00 PM

Progress eyed through the programme of carbon trading

With the help of its carbon trading program, China has made notable progress in accelerating the low-carbon transition of the nation’s businesses, said Chinese authorities.
13 February 2022, 18:00 PM

Oil majors face backlash as era of big profits returns

Soaring energy prices have brought massive profits to oil majors -- along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills.
13 February 2022, 18:00 PM

Qatar Petroleum no longer in EU antitrust crosshairs

Qatar Petroleum is unlikely to face further EU antitrust action three years after EU regulators opened an investigation into its 20-year gas contracts on concerns that these may hinder the development of a single gas market in the 27-country bloc, sources said.
12 February 2022, 18:00 PM

ECB tells banks to step up defences against hacks

The European Central Bank is telling euro zone banks zone to step up their defences against cyber-attacks, also in the context of geopolitical tensions such as the stand-off between Russia and Ukraine, the ECB’s top supervisor said on Thursday.
12 February 2022, 18:00 PM

Volvo, Mercedes boost profits

High-end automakers Volvo Cars and Mercedes said Friday that the global supply chain bottlenecks caused them to sell fewer cars, but that their profitability rose as they were able sell vehicles at higher prices.
12 February 2022, 18:00 PM

World’s damaged supply chains brace for painful recovery

Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind towards the end of this year.
12 February 2022, 18:00 PM

Saudi Arabia and UAE could ease oil market volatility: IEA

Saudi Arabia and the United Arab Emirates (UAE) could help to calm oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday, but prices rose after the watchdog highlighted deepening risks of volatility.
12 February 2022, 18:00 PM

Russia raises key rate

Russia’s central bank once again raised its interest rate on Friday as authorities struggle to rein in rapidly growing inflation and soaring food prices.
12 February 2022, 18:00 PM

US investors expect more volatility

Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the issue would weigh on US asset prices over the longer term.
12 February 2022, 18:00 PM

US supplies give China muscle in global LNG trade

Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalisations at home and recently signed long term contracts for record amounts of LNG from US suppliers.
12 February 2022, 18:00 PM