S Korea factory activity quickens

Activity in South Korea’s factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum as rising global coronavirus cases and continued supply constraint weighed on production and overseas demand.
3 January 2022, 18:00 PM

Bitcoin faces uncertain 2022

The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year’s outcome for the volatile sector.
3 January 2022, 18:00 PM

Germany welcomes EU green energy plan on gas

Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the same for nuclear power projects.
3 January 2022, 18:00 PM

Indonesia’s coal export ban rattles global market

Indonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world’s biggest economies.
3 January 2022, 18:00 PM

Singapore economy rebounds from recession

Singapore’s economy grew 7.2 per cent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday.
3 January 2022, 18:00 PM

2021 GDP growth of Singapore fastest in over 10-years

Singapore's economy expanded at its fastest annual pace in over a decade in 2021 as the country emerged from its worst recession on record, caused by the deep hit to activity from the coronavirus pandemic.
3 January 2022, 07:47 AM

Turkey inflation highest in decade

Inflation soared by the most in at least a decade in Turkey’s biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan’s government sharply raised nationwide electricity and natural gas prices for the new year.
2 January 2022, 18:00 PM

UK seeks to mitigate workforce disruption

The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25 per cent staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of Covid-19.
2 January 2022, 18:00 PM

Philippines limits business over Omicron

The Philippines will impose tighter curbs in the capital region for the next two weeks, the acting presidential spokesperson said recently, to try to limit infections by the Omicron coronavirus variant that is spreading globally.
2 January 2022, 18:00 PM

Russian oil output recovers in 2021 after slump

Russia’s annual oil production rose by more than 2 per cent last year thanks to the easing of output cuts by the OPEC+ group of leading oil producers after a pandemic-induced decline in 2020, data showed on Sunday.
2 January 2022, 18:00 PM

China’s new home prices fall at slower pace

China’s December new home prices declined at a slower pace compared with a month earlier, a private-sector survey showed on Saturday, offering a tentative sign of stabilising demand after authorities took steps to avert a hard landing for the market.
2 January 2022, 18:00 PM

Trade between China, other RCEP members rises to $1.72t

Imports and exports between China and the other 14 members of the Regional Comprehensive Economic Partnership totaled 10.96 trillion yuan (about $1.72 trillion) in the first 11 months of this year, according to Chinese customs data.
2 January 2022, 18:00 PM

Reliance plans to raise $5b in US debt

India’s Reliance Industries Ltd said it plans to raise up to $5 billion in dollar-denominated debt and use proceeds primarily to refinance its existing borrowings.
2 January 2022, 18:00 PM

Global stocks end strong year with losses

Global stock markets closed lower Friday, the final trading session of 2021 -- a year of strong gains overall as economies recovered despite ongoing restrictions caused by the coronavirus pandemic.
1 January 2022, 18:00 PM

EU drafts plan to label gas, nuclear investments as green

The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate friendly.
1 January 2022, 18:00 PM

Germany shuts three nuclear power plants

Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables.
1 January 2022, 18:00 PM

China to scrap subsidies for electric vehicles

China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed.
1 January 2022, 18:00 PM

Euro marks 20 eventful years

The euro on Saturday marked 20 years since people began to use the single European currency, overcoming initial doubts, price concerns and a debt crisis to spread across the region.
1 January 2022, 18:00 PM

Turkey jacks up electricity, gas prices

Turkey sharply raised electricity prices by 50-100 per cent for households and companies on Saturday, and again increased monthly natural gas bills, adding to strains in an economy facing soaring overall inflation.
1 January 2022, 18:00 PM

Omicron, inflation cloud 2022 US profit picture

Profit growth for US corporations is expected to slow next year after a gangbuster 2021, with rising inflation and a rapidly spreading Covid-19 variant adding to uncertainty as investors try to justify stock prices trading near record highs.
1 January 2022, 18:00 PM