Japan PM seeks to boost workers’ wages

Japanese Prime Minister Fumio Kishida vowed on Monday to ensure worker wage hikes to protect the economy from rising global inflation, while strengthening the country’s defences as it deals with an assertive China and unpredictable North Korea.
6 December 2021, 18:00 PM

Oil rebounds towards $72

Oil climbed by $2 a barrel towards $72 on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and as the prospect of an imminent rise in Iranian oil exports receded.
6 December 2021, 18:00 PM

Bitcoin briefly loses $10,000 in nervous market

The bitcoin dropped sharply overnight, losing $10,000 in value in a nervous market before recouping some of its losses Saturday morning.
5 December 2021, 18:00 PM

Opec will continue with supply adjustments

The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on Saturday.
5 December 2021, 18:00 PM

Asian LNG prices fall as import demand from China muted

Asia liquefied natural gas (LNG) prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany.
5 December 2021, 18:00 PM

UN plans to drastically expand plastic waste management in India

The United Nations Development Programme aims to almost triple its plastic waste management to 100 cities in India by 2024, A UNDP executive said, to combat the damaging effects of plastic pollution.
5 December 2021, 18:00 PM

Didi shares plunge on plan to delist from NYSE

Just five months after its debut, ride-hailing giant Didi Global said on Friday it would withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its US IPO.
4 December 2021, 18:00 PM

Venezuela govt paying providers in dollars

Venezuela’s government - subject to sanctions by the United States and others - is increasingly paying providers in US dollars as it seeks to reduce spending in its bolivar currency to control inflation, three sources with knowledge of the matter told Reuters.
4 December 2021, 18:00 PM

Stocks sag as weak US jobs data adds to Omicron worries

Global stocks finished a volatile week on a downcast note Friday, sunk by festering worries over the Omicron variant and disappointment at the most recent US job growth figures.
4 December 2021, 18:00 PM

Global tax deal leaves billion-dollar loopholes

Leaders of the worlds largest economies hailed a recent agreement to overhaul global corporate tax rules as key ensuring multinationals paid their fair share of tax.
4 December 2021, 18:00 PM

US service sector booms in Nov despite shortages

Business activity in the massive US services sector grew beyond expectations in November even as companies dealt with shortages and supply delays, according to an industry survey released Friday.
4 December 2021, 18:00 PM

Omicron could dent global economic growth: IMF chief

The International Monetary Fund is likely to lower its global economic growth estimates due to the new Omicron variant of the coronavirus, the global lender’s chief said at the Reuters Next conference on Friday in another sign of the turmoil unleashed by the ever-changing pandemic.
4 December 2021, 18:00 PM

Vietnam police smash $3.8b cryptocurrency ring

Vietnamese police have smashed a huge cryptocurrency ring worth around $3.8 billion, state media said Friday, as authorities battle rampant illegal gambling in the country.
4 December 2021, 18:00 PM

Sri Lanka clamps down on remitters to curb informal money transfer

Colombo threatened Thursday to freeze the bank accounts of Sri Lankans working overseas who send money back to the country using informal money changers, as depleted foreign exchange reserves drive a thriving black market for dollars.
2 December 2021, 18:00 PM

Asia’s informal workers risk losing out in green economy push

Asia’s huge pool of informal workers must not be left behind in the global push for greener economies, officials and experts said, warning of social repercussions if the transition away from fossil fuels leaves unprotected labour more vulnerable.
2 December 2021, 18:00 PM

Asian shares bounce sharply

US and European share futures jumped on Wednesday, oil rose and Asian stocks were heading for their best day in nearly two months as traders reversed course after a sharp selloff the day before took the regional benchmark to a 12-month low.
1 December 2021, 18:00 PM

Lockdowns sink Australian economy in third quarter

Pandemic-induced lockdowns caused Australia’s economy to shrink 1.9 per cent in the third quarter, a downturn that bucked the trend of a steady recovery in other wealthy nations.
1 December 2021, 18:00 PM

OECD cuts global growth forecasts

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth forecast for 2021 and appealed for a swifter rollout of Covid vaccines.
1 December 2021, 18:00 PM

Eurozone inflation soars to highest rate on record

Soaring energy prices took eurozone inflation to its highest rate on record in November, official data showed Tuesday, challenging the European Central Bank’s resistance to tightening monetary policy earlier than planned.
30 November 2021, 18:00 PM

Omicron variant raises new fears for world economy

Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel restrictions.
30 November 2021, 18:00 PM