China says exports rise for first time in seven months

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic.
7 December 2023, 06:31 AM

COP28 head presses nations to reach climate 'compromise'

It is rare for UN climate talks to end as scheduled but COP28 president Sultan Al Jaber set the ambitious goal of having a deal in place by 11:00 am (0700 GMT) on Tuesday, the last official day of the conference.
7 December 2023, 06:21 AM

Airlines expect record 4.7 bn passengers in 2024: IATA

IATA also raised its profit outlook, expecting airlines to post $23.3 billion in net earnings in 2023, more than double the $9.8 billion it forecast in June.
6 December 2023, 11:27 AM

COP28 summit: Global dairy companies join alliance to cut methane

Six of the world's largest dairy companies will soon begin disclosing their methane emissions as part of a new global alliance launched at the United Nations climate summit in Dubai on Tuesday.
6 December 2023, 07:49 AM

World Bank's Banga calls for record replenishment of fund for poorest countries

World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the lender's fund for the world's poorest countries the largest ever, warning that the International Development Association (IDA) was being pushed to its limits by increasing demands..<p
6 December 2023, 07:23 AM

Myanmar central bank to no longer set forex rates

The report gave no reason for Tuesday's decision by the Central Bank of Myanmar (CBM) and no notice of the policy change was posted on the CBM's website. Calls to the CBM went unanswered early on Wednesday.
6 December 2023, 05:02 AM

Southeast Asia banks on aviation boom

Southeast Asia is becoming a hot property, with private and public players competing for an expanding market.
6 December 2023, 04:41 AM

Gold hits record high as equities weaken

Gold is benefiting from the Israel-Hamas war, according to analysts.
5 December 2023, 08:41 AM

Oil prices fall more than 2% as investors skeptical of OPEC+ cuts

Brent crude futures for February settled down $1.98, or 2.45 percent, at $78.88 a barrel.
2 December 2023, 10:47 AM

Oil steady; market eyes OPEC+ meet, weak demand indicators

Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group.
30 November 2023, 09:07 AM

India's Tata Technologies' IPO garners bids worth over $18 billion

The bids were roughly 69.43 times the issue on offer, according to stock exchange data
25 November 2023, 12:24 PM

Oil edges lower in choppy trade as OPEC+ delays meeting

Oil prices fell nearly 1 percent on Wednesday as OPEC+ producers unexpectedly delayed a meeting on production cuts.
23 November 2023, 05:58 AM

Oil extends gains as OPEC+ to mull deeper cuts

Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict.
20 November 2023, 05:56 AM

India cenbank tightens rules for personal loans, credit cards amid demand surge

The tighter rules, in the form of higher capital requirements, will make personal loans costlier
18 November 2023, 13:36 PM

Oil prices slip on US crude build, China demand worries

Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China.
16 November 2023, 07:41 AM

RMG work orders may rebound next season

There could be a strong rebound in the inflow of work orders for garment items from international retailers and brands in the coming seasons as the global economy is slowly making improvements from sluggish trends while the country could witness stability, buyers said.
9 November 2023, 01:07 AM

IMF upgrades China's 2023, 2024 GDP growth forecasts

The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4 percent from 5 percent, citing a "strong" post-COVID-19 recovery, but said the fund still expected the world's second-biggest economy to slow next year.
7 November 2023, 08:15 AM

Oil falls 1% as mixed China trade data offset supply cuts

Oil prices slipped by 1 percent on Tuesday, erasing most of Monday's gains, as mixed economic data from the world's second largest oil consumer China and winter demand worries offset the impact of Saudi Arabia and Russia extending output cuts.
7 November 2023, 08:06 AM

Agricultural prices may fall by 7% in 2023: WB

It also forecasts that the prices will decline by 2% in 2024 and 2025.
6 November 2023, 09:54 AM

Oil rises ahead of Fed meeting as Middle East conflict persists

Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the US Federal Reserve, as the market also closely watched the latest developments in the Israel-Hamas conflict.
1 November 2023, 06:36 AM