Spain economy grows by 5pc

Spain’s economy grew by 5.0 per cent in 2021, showing a remarkable bounceback from a year earlier but below the government’s target, an initial estimate by the National Statistics Institute (INE) showed Friday.
29 January 2022, 18:00 PM

Gold demand soars

Global gold demand soared in the fourth quarter of 2021 as inflation rocketed, helping to recoup much of the drop triggered by the pandemic, industry data showed Friday.
29 January 2022, 18:00 PM

China regulator meets foreign banks to soothe economic woes

The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the country’s economic prospects after regulatory crackdowns in 2021, three people with direct knowledge of the matter said on Friday.
29 January 2022, 18:00 PM

Oil prices on the rise

US stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine pushed oil prices to highs not seen since 2014.
27 January 2022, 18:00 PM

China can slap duties on $645m of US imports: WTO

The World Trade Organization on Wednesday handed a fresh victory to China, permitting it to slap duties on $645 million worth of US imports per year, in a long-running anti-dumping dispute with Washington.
27 January 2022, 18:00 PM

iPhone retakes top spot in China

Apple reclaimed its position as the top smartphone seller in China after six years, clocking a record market share in the final quarter of 2021 as US sanctions hit rival Huawei, according to researchers.
27 January 2022, 18:00 PM

Dubai largest bank profits jump in 2021

Dubai’s largest bank, Emirates NBD, announced Wednesday that its net profits jumped in 2021, as the economy of the Gulf city state rebounded following a slump due to coronavirus.
26 January 2022, 18:00 PM

South Korea logs best growth in 11 years

South Korea’s economy grew in 2021 at the fastest pace for 11 years thanks to robust exports and strong activity in the service sector, the central bank said Tuesday.
25 January 2022, 18:00 PM

German firms fear supply chain pain

German companies doing business in China are worried the Omicron coronavirus variant will trigger more strict lockdown measures from Beijing that could exacerbate supply chain problems, the DIHK Chamber of Commerce said on Tuesday.
25 January 2022, 18:00 PM

Singapore tightens monetary policy on inflation risks

Singapore’s central bank tightened its monetary policy settings on Tuesday in its first out-of-cycle move in seven years, as global supply constraints and brisk economic demand elevate inflation pressures across the region.
25 January 2022, 18:00 PM

Green transition slowed by economic barriers, not technology

The big shifts in thinking and large-scale funding needed to drive a swift global transition to a climate-smart economy are far behind schedule, even if most of the technology required already exists, political officials and analysts have warned.
25 January 2022, 18:00 PM

Central Asia hit by large-scale power blackout

Millions of people were left without power after a huge blackout hit three Central Asian countries Tuesday following an unspecified accident, officials in the ex-Soviet region said.
25 January 2022, 18:00 PM

Gulf economies to grow faster in 2022, oil price fall biggest threat

The economies in the six-member Gulf Cooperation Council will grow at their fastest paces in several years, according to a Reuters poll of economists who cautioned the risk to that outlook was skewed to the downside.
24 January 2022, 18:00 PM

EU plan to label gas and nuclear as green could mislead investors

The European Union’s draft plan to label gas and nuclear plants as green investments risks causing confusion and misstated financial disclosures, expert advisers to the bloc said amid criticism of the proposal from some lawmakers and nations.
24 January 2022, 18:00 PM

Euro zone recovery weakens further amid Omicron curbs

The euro zone economic recovery weakened further this month as renewed restrictions imposed to contain the Omicron coronavirus variant put another dent in bloc’s dominant services activity and as prices continued to soar, a survey showed on Monday.
24 January 2022, 18:00 PM

Singapore reviews inflation forecasts as core prices soar

Singapore is reviewing its official inflation forecasts, authorities said on Monday, after data showed its key price gauge climbed in December by the fastest pace in nearly eight years, driven by a steep increase in air fares.
24 January 2022, 18:00 PM

Palm prices seen lower in 2022 on output rise

Palm oil prices are set for another year of volatility and tight supply as Malaysia makes slow progress in tackling a labour crunch and government policies on green energy and food security spur demand, a Reuters poll showed.
24 January 2022, 18:00 PM

Oil prices rise on supply fears

Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output.
24 January 2022, 18:00 PM

EU in touch with partners to boost gas supplies

The European Union is talking with partners about the potential for increasing gas supplies to the bloc, Energy Commissioner Kadri Simson said after a meeting with European energy ministers in France on Saturday.
23 January 2022, 18:00 PM

Mexico faces risks to growth, credit rating from energy bill

Mexico faces risks to economic growth and potential for a credit rating downgrade in the medium term from political developments including the likely passage of a controversial energy bill, JP Morgan said in a report.
23 January 2022, 18:00 PM