Oil price hovers above $80

Global oil benchmark Brent hovered above $80 a barrel on Thursday after US inflation data implied interest rates in the world’s biggest economy are close to their peak.
13 July 2023, 18:00 PM

China, Asean pushing ahead with free trade area talks

China and the Association of Southeast Asian Nations (Asean) are pushing ahead with talks on a third version of a free trade agreement at an Asean summit in the Indonesian capital of Jakarta, China’s top diplomat Wang Yi said on Thursday.
13 July 2023, 18:00 PM

Tesla in talks with India to set up factory

Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric vehicles, the Times of India reported on Thursday, citing government sources.
13 July 2023, 18:00 PM

India considers banning most rice exports

India, the world's biggest rice exporter, is considering banning exports of most rice varieties, Bloomberg News reported on Thursday.
13 July 2023, 07:31 AM

China’s export slide to steepen

China’s export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories.
12 July 2023, 18:00 PM

Yellen raised China’s hopes for tariff cuts but US politics may crush them

US Treasury Secretary Janet Yellen’s trip to China has raised hopes in Beijing that Trump-era tariffs on Chinese imports may be eased as she tries to smooth relations between the two nations, but strong anti-China sentiment in the US may make that impossible.
12 July 2023, 18:00 PM

Dollar hits 2-month low

Bets on a screeching slowdown in US inflation data later saw traders shove the dollar to a 2-month low on Wednesday and push stocks up and bond market borrowing costs down for a third day running.
12 July 2023, 18:00 PM

Rupee gains for second day

The Indian rupee rose for a second straight session against the US dollar on Tuesday, mirroring similar moves in Asian peers, as risk appetite in the region rose on fresh bets of the Federal Reserve nearing the end of its rate tightening cycle.
11 July 2023, 18:00 PM

UK jobless rate rises amid high inflation

UK unemployment rose back to four per cent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.
11 July 2023, 18:00 PM

Sri Lanka to focus on energy, port projects with India

Sri Lanka is likely to discuss energy, power and port projects during a presidential visit to New Delhi next week, the foreign minister said on Monday, as India tries to push forward stalled initiatives with its crisis-hit neighbour.
11 July 2023, 18:00 PM

Pakistan gets $2b deposit from Saudi Arabia

Pakistan’s desperately low foreign exchange reserves were boosted on Tuesday with a $2 billion deposit from Saudi Arabia, ahead of a key IMF meeting this month to approve a new deal.
11 July 2023, 18:00 PM

World job market on brink of ‘AI revolution’: OECD

The world’s wealthiest nations must urgently prepare for the impact of an imminent “AI revolution” that will change jobs, create new ones and make others disappear, the OECD said Tuesday.
11 July 2023, 18:00 PM

China urges ‘practical’ US action on sanctions after Yellen talks

China on Monday called on the US to take “practical action” in response to its “major concerns” about sanctions on Chinese firms, after US Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing.
10 July 2023, 18:00 PM

Dollar steadies, yuan down

The dollar steadied on Monday, partly recovering from a knee-jerk reaction to Friday data showing US job gains were the smallest in 2-1/2 years, while disappointing inflation figures in China weighed on the yuan and proxies.
10 July 2023, 18:00 PM

Rupee recovers, premiums inch up

The Indian rupee managed to recover on Monday and far forward premium rose, tracking a fall in near-maturity US yields after data showed US payrolls rose less than expected.
10 July 2023, 18:00 PM

Yellen’s China trip yields long meetings, ‘cordial’ tone, but no consensus

US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China’s new top economic officials would immediately ease tensions between the world’s two largest economies.
10 July 2023, 18:00 PM

India inflation likely rose to 4.58% in June: poll

India’s inflation likely snapped a four-month decline in June as food prices surged, a Reuters poll of economists found, making a cut in interest rates unlikely any time soon, while the Reserve Bank of India is also expected to resist pressure to raise rates.
10 July 2023, 18:00 PM

China’s deflation pressure builds as consumer prices falter

China’s producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation, adding to the case for policymakers to use more stimulus to revive sluggish demand.
10 July 2023, 18:00 PM

Vietnam’s economy sees positive changes: govt

The Ministry of Planning and Investment has reported that Việt Nam’s socio-economic situation has been experiencing gradual and positive changes, with steady growth observed in several important indicators and indexes month by month.
9 July 2023, 18:00 PM

UK to unveil new measures to support financial sector

Finance minister Jeremy Hunt is on Monday due to announce new measures to support Britain’s powerful financial sector, seeking to make the UK the “most innovative and competitive” financial centre in the world.
9 July 2023, 18:00 PM