Vietnam’s fruit, vegetable exports to hit $4b this year

Vietnam’s exports of fruits and vegetables are expected to be worth US$4 billion this year.
25 June 2023, 18:00 PM

UK economy falters on cost-of-living crisis

UK private-sector growth has slowed to a three-month low as soaring interest rates and stubbornly high inflation fuelled by rising food prices worsens a cost-of-living crisis, data showed Friday.
24 June 2023, 18:00 PM

Modi eyes stronger tech ties with US as he meets top CEOs

Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China.
24 June 2023, 18:00 PM

Ukraine’s financial results better in 2023

Ukraine’s financial results have improved this year, with budget revenues increasing by 45 per cent in May compared to the same period a year ago, Finance Minister Serhiy Marchenko said on Friday.
24 June 2023, 18:00 PM

Eurozone economic growth slows sharply

Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly watched survey showed on Friday.
24 June 2023, 18:00 PM

Vietnam, two others put on money-laundering ‘grey list’

International money-laundering watchdog the Financial Action Task Force announced Friday it had put Cameroon, Croatia and Vietnam on its “grey list” of countries under increased monitoring.
24 June 2023, 18:00 PM

Amazon to raise India investment to $26b by 2030

Amazon said on Friday it will take its investments in India to $26 billion by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.
24 June 2023, 18:00 PM

High inflation hinders UK cost-of-living fight

Britain’s annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis.
21 June 2023, 18:00 PM

Musk eyes big India investment

Tesla chief executive Elon Musk said India’s Prime Minister Narendra Modi was pushing the car maker to make a  “significant investment” in the country, adding that such an announcement was expected soon.
21 June 2023, 18:00 PM

European businesses in China fight post-Covid blues

A faltering recovery, regulatory headaches and an increasingly politicised business climate are hammering European business confidence in China despite the country reopening its doors, according to a survey published on Wednesday.
21 June 2023, 18:00 PM

China’s youth confront bleak job market

Rather than celebrating finishing university, this summer Chinese graduates shared photos of themselves theatrically throwing their degrees into bins, underscoring the bleak outlook as youth unemployment sits at a record high.
20 June 2023, 18:00 PM

Qatar signs 27-year gas supply deal with China

Qatar announced a second 27-year supply deal with a Chinese company on Tuesday as it expands production from the world’s biggest natural gas field.
20 June 2023, 18:00 PM

Hyundai raises EV investment to $28b

Hyundai Motor will raise average annual investment in electrification by nearly two thirds to $28 billion in the next decade and further restructure its struggling China business as part of a broader strategy to boost electric vehicle (EV) sales.
20 June 2023, 18:00 PM

Foreigners biggest buyers of Asian bonds

Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the US Federal Reserve.
20 June 2023, 18:00 PM

Paris air show takes off with historic plane order

Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and air defences vied for attention with the industry’s supply chain problems.
20 June 2023, 18:00 PM

China cuts interest rates to counter slowdown

China’s central bank on Tuesday cut two benchmark interest rates, following several similar measures in recent days in a bid to counter the post-Covid growth slowdown in the world’s second-largest economy.
20 June 2023, 18:00 PM

China imports of Russian oil highest since invasion

Chinese imports of Russian oil last month hit their highest level since Moscow’s February 2022 invasion of Ukraine, Beijing’s customs data showed Tuesday.
20 June 2023, 18:00 PM

Chinese firm to invest $9.5m in Mongla EPZ

Chinese company M/s Yuanshun Enterprise Co Ltd will invest $9.49 million to set up a packaging factory in Mongla Export Processing Zone.
20 June 2023, 18:00 PM

China growth forecast cut on property woes

Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.
19 June 2023, 18:00 PM

Oil prices fall

Oil prices fell on Monday as questions over China’s economy outweighed Opec+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.
19 June 2023, 18:00 PM