UK recession risk deepens but consumers stay unfazed

Britain’s economy displayed clear recession signals on Friday, a day after the Bank of England called a halt to its long run of interest rate increases that have turned the tide on inflation but at the expense of a hit to businesses.
23 September 2023, 18:00 PM

Japan sticks to ultra-loose monetary policy

The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remains stubbornly high.
23 September 2023, 18:00 PM

Central banks in no rush to cut interest rates

Investors were hoping to hear central banks finally signal this week that they were close to being done raising interest rates in their battle against inflation.
23 September 2023, 18:00 PM

iPhone gaining market share in India

Apple is expected to gain a larger share of India’s smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments.
23 September 2023, 18:00 PM

Toshiba completes $13.5b offer to go private

Japanese industrial giant Toshiba marked the end of an era as a listed company on Thursday as it announced that a private consortium had bought almost 80 percent of its shares.
21 September 2023, 18:00 PM

China’s economic woes embolden calls for deeper reforms

China’s economic slowdown is polarising government advisers over the best way forward, with advocates of structural reforms now emerging from the shadows in a challenge to others calling for more state spending to shore up faltering growth.
21 September 2023, 18:00 PM

India counting on potash supplies despite diplomatic row with Canada -officials

India will face little difficulty in securing potash from foreign suppliers despite a diplomatic row with Canada, one of the suppliers of the key crop nutrient, industry and government officials said on Wednesday.
21 September 2023, 07:25 AM

Oil falls as US rate hike expectations offset tight supply outlook

Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as US interest rate hike expectations offset the impact of drawdowns in US crude stockpiles.
21 September 2023, 06:50 AM

China urges deeper trade ties with Russia

China on Tuesday urged increased cross-border connectivity with Russia and deeper mutual trade and investment cooperation, as both allies vowed ever closer economic ties despite disapproval from the West after Russian forces invaded Ukraine last year.
20 September 2023, 18:00 PM

US growth rate needs to slow: Yellen

Treasury Secretary Janet Yellen said on Tuesday US growth needed to slow to a pace more in line with its potential rate to bring inflation back to target levels since the economy was operating at full employment.
20 September 2023, 18:00 PM

Japan’s exports extend declines

Japan’s exports fell in August for a second straight month, weighed by declines in China’s demand for steel and heavy oil and stoking fears of a downturn in the face of elevated global interest rates.
20 September 2023, 18:00 PM

China’s property crisis weighs on growth outlook

Economic growth in developing Asia this year will be slightly lower than previously expected as the weakness in China’s property sector and El Niño-related risks cloud regional prospects, the Asian Development Bank (ADB) said on Wednesday.
20 September 2023, 18:00 PM

Germany weighs curbs on Huawei

Germany’s interior ministry is planning to force telecoms operators to slash their use of equipment from China’s Huawei and ZTE, a government official said, prompting an angry response from operators who warned of likely disruption and legal action.
20 September 2023, 18:00 PM

Working in China harder than ever

Foreign business confidence in China has reached its lowest in years, US and European enterprise lobbies warned Tuesday, as slowing growth and geopolitical tensions hit investment prospects.
19 September 2023, 18:00 PM

Eurozone inflation eases

Eurozone inflation slowed slightly in August, the EU statistics agency said on Tuesday, revising its previous figure.
19 September 2023, 18:00 PM

OECD sees ‘sub-par’ global growth as high rates bite

The OECD raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as “painful” interest-rate hikes aimed at curbing inflation take their toll.
19 September 2023, 18:00 PM

Erdogan asks Musk to build Tesla factory in Turkey

Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country’s communications directorate said on Monday.
19 September 2023, 18:00 PM

EU risks depending on China for batteries

The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said.
19 September 2023, 18:00 PM

Fed to hold rates steady

The US Federal Reserve kicked off a two-day policy meeting on Tuesday with officials widely expected to keep interest rates on hold for now, but also flagging in new economic projections whether they feel rates still need to rise further before the end of the year.
19 September 2023, 18:00 PM

Chinese travel demand back

Demand for foreign travel in China has reached its highest level in two years, the organisers of the ITB travel conference said on Tuesday citing a survey in which some 80 percent of respondents said they planned to travel abroad in the next 12 months.
19 September 2023, 18:00 PM