South Korea to invest $1.2tn in chips, AI data centres
AFP, Seoul
30 June 2026, 00:00 AM Global Economy
British American Tobacco cost-cutting hits 9,000 roles
REUTERS, London
30 June 2026, 00:00 AM Global Economy
US dollar rate rises amid June-end payment pressure
Star Business Report
29 June 2026, 21:42 PM Business
'One-time opportunity': South Korea bets big on AI boom
AFP, Seoul
29 June 2026, 12:50 PM Business
Oil climbs following renewed US, Iran strikes in Middle East
Reuters, Singapore
29 June 2026, 12:48 PM Business
Asia’s vendors grapple with rising costs of ever-present plastics
AFP, Taipei
29 June 2026, 00:00 AM Global Economy
Oil prices dive
REUTERS, Houston
29 June 2026, 00:00 AM Global Economy

Oil prices wobble on worries over China economy, US rate path

Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further US interest rate hikes will weaken fuel demand in the world's two biggest economies.
17 August 2023, 09:14 AM

Dutch economy enters recession

The Dutch economy has entered a recession as it shrank 0.3 percent on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed.
16 August 2023, 18:00 PM

UK annual inflation drops to 15-month low

Britain’s annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists’ expectations.
16 August 2023, 18:00 PM

Vietnam targets US electric car market

Vietnamese electric vehicle maker VinFast has made its debut on the Nasdaq, and its shares soared to push its stock market valuation past Ford and General Motors on its opening day of trading.
16 August 2023, 18:00 PM

Sri Lanka lifts import ban on buses, trucks

Crisis-hit Sri Lanka partially lifted a ban on vehicle imports on Tuesday by allowing buses and trucks back into the island after more than three years.
16 August 2023, 18:00 PM

US retail sales bounce with online spending boost

US consumer spending rose more than anticipated in July, according to government data released Tuesday, boosted by online spending in a show of resilience even as the economy cools.
16 August 2023, 18:00 PM

Indian economy to grow by average 6.7% to 2031: S&P

S&P Global has projected the Indian economy to grow by an average annual rate of 6.7 percent to March 2031, driven by manufacturing and services exports and consumer demand, despite short-term challenges from rate hikes and a global slowdown.
16 August 2023, 18:00 PM

India makes oil payment to UAE in rupee

India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday.
16 August 2023, 18:00 PM

Sri Lanka scraps $3.85b foreign-funded oil refinery

Cash-strapped Sri Lanka announced on Tuesday it was scrapping a $3.85 billion deal to build an oil refinery that was set to become the island’s largest foreign investment.
16 August 2023, 18:00 PM

Russia tests digital rouble to bypass sanctions

Russia began testing its new digital rouble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.
16 August 2023, 18:00 PM
16 August 2023, 13:58 PM

China's economic woes mount as trust firm misses payments, home prices fall

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is rapidly stifling what little momentum the economy has left.
16 August 2023, 08:21 AM

Asian markets fall on China woes, US rate concerns

Asian markets were well in the red, with Tokyo, Hong Kong, Seoul and Sydney all down more than 1.0 percent. Shanghai, Taipei, Singapore, Bangkok and Jakarta also retreated
16 August 2023, 05:17 AM

Jumbo rate hike leaves Putin in hot water

In Russia, what Vladimir Putin wants, Vladimir Putin gets. So, it’s no surprise that a day after prodding by a Kremlin official, the central bank announced an emergency rate increase of 350 basis points to 12 percent. The move was designed to halt a plunge in the rouble, but the currency hardly moved. That leaves the president with tougher choices ahead.
15 August 2023, 18:00 PM

Why India is trying to tame rising wheat prices

Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices which surged last week to their highest six months.
15 August 2023, 18:00 PM

Japanese growth smashes expectations

Quarterly growth data for Japan smashed expectations on Tuesday as car exports rebounded and tourists flooded back, but economists cautioned that it may not last.
15 August 2023, 18:00 PM

How much worse can China’s economic slowdown get?

China’s economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth.
15 August 2023, 18:00 PM

China suspends youth jobless data after record high readings

China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world’s second-largest economy.
15 August 2023, 18:00 PM

India’s retail inflation surges

India’s annual retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed, beating all market expectations and putting pressure on the government to take action to bring down prices.
15 August 2023, 18:00 PM

China fast encroaching on Germany’s share of EU markets

Chinese manufacturers are increasingly giving German manufacturers a run for their money in their home European Union market, especially in the field of advanced industrial goods where Germany is a leader.
15 August 2023, 18:00 PM