EU fossil fuel energy output hits record low

The European Union’s fossil fuel energy production hit a record low in the first half of the year, think tank Ember Climate reported Wednesday, although green sources are struggling to fill the gap.
30 August 2023, 18:00 PM

Asian crops output forecast lower as El Nino strengthens

An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies.
30 August 2023, 18:00 PM

India allows exports of non-basmati white rice trapped at ports

India has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a sudden ban on exports of the category, a government order said late on Tuesday.
30 August 2023, 09:48 AM

What happened to shut down Toyota's production in Japan?

Toyota Motor (7203.T) was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants.
30 August 2023, 06:01 AM

US trade curbs threaten global supply chains

Beijing has raised “serious concerns” with the United States over Washington’s trade curbs on Chinese businesses, warning they could threaten the “security and stability” of global supply chains, state media reported Tuesday.
29 August 2023, 18:00 PM

Dollar ticks up, yen under pressure

The US dollar ticked up slightly on Tuesday after a strong run though traders held off from large bets ahead of a slew of economic data this week, while the Japanese yen languished near levels that triggered intervention last year.
29 August 2023, 18:00 PM

Ukraine won’t reduce winter wheat acreage

Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis, a senior farming official told Reuters on Tuesday.
29 August 2023, 18:00 PM

China’s factory activity likely extended declines

China’s factory activity likely contracted for a fifth straight month in August, a Reuters poll showed on Tuesday, as weak demand threatens recovery prospects in the world’s second-largest economy and pressures officials to prop up growth.
29 August 2023, 18:00 PM

India’s 5 lakh tonnes of rice shipments postponed after new duty

India’s move to impose a 20 percent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tons to after mid-October to avoid paying the tax, three leading exporters told Reuters on Tuesday.
29 August 2023, 18:00 PM

UK shop price inflation at 10-month low

Prices in British store chains rose in August at the slowest pace in nearly a year, according to industry data that offers further relief for consumers hit by high inflation and for the Bank of England which is trying to quash it.
29 August 2023, 18:00 PM

Toyota’s Japan production at standstill

Toyota Motor Corp on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker.
29 August 2023, 18:00 PM

China warns US trade curbs threaten global supply chains

Beijing has raised "serious concerns" with the United States over Washington's trade curbs on Chinese businesses, warning they could threaten the "security and stability" of global supply chains, state media reported Tuesday.
29 August 2023, 07:40 AM

China, US set to hold fresh talks on trade disputes

US and Chinese officials will hold a fresh round of talks on contentious trade issues Tuesday, the third day of a visit to Beijing by US Commerce Secretary Gina Raimondo.
29 August 2023, 06:49 AM

Worker outflow to Saudi Arabia climbs but remittance falls

The outflow of migrant workers from Bangladesh to Saudi Arabia surged around four times in the last three years but remittance earnings from the country have kept falling, official figures showed.  
29 August 2023, 00:00 AM

Country Garden says its $100b Malaysia project on track

Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, despite concerns about its financial strength amid debt woes.
28 August 2023, 18:00 PM

Dollar eases against euro

The dollar slid from a 12-week peak on Monday after Federal Reserve Chair Jerome Powell left open the possibility of further rate hikes, while the China-sensitive euro edged up in the wake of Beijing halving its stamp duty on stock trading.
28 August 2023, 18:00 PM

Chinese EV maker BYD’s profit trebles

BYD, China’s leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.
28 August 2023, 18:00 PM

Stable US-China economic relationship is crucial

US Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday, saying it is “profoundly important” for the world’s two largest economies to have a stable economic relationship.
28 August 2023, 18:00 PM

Oil steadies

Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further US interest rate hikes that could dampen demand.
28 August 2023, 18:00 PM

Fashion retailers in India suffer sales pain

Across India’s malls and high streets, the mood at fashion shops is sombre - foot traffic is down, sales are low, and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time.
28 August 2023, 18:00 PM