3 Adani stocks under additional surveillance

The Indian stock market regulator has put three Adani group companies, including Adani Enterprises, under short-term additional surveillance measure framework (ASM), according to the latest data available with the exchanges on Thursday.
3 February 2023, 05:15 AM

Asia’s factory activity contracts

Asia’s factory activity contracted in January as the boost from China’s Covid reopening had yet to offset headwinds from slowing US and European growth, surveys showed on Wednesday, underscoring the fragility of the region’s economic recovery.
2 February 2023, 18:00 PM

Euro hits 10 month-high on dollar

The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting at which markets expect a half-percentage point rate increase, a day after the US Federal Reserve slowed the pace of its rises to 25 basis points.
2 February 2023, 18:00 PM

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.
1 February 2023, 19:10 PM

Pakistan court grants bail to Imran Khan aide

An aide to former prime minister Imran Khan was granted bail yesterday, a week after being arrested for allegedly harassing election commission officials.
1 February 2023, 18:00 PM

IMF raises 2023 global growth forecast

The International Monetary Fund today raised its 2023 global growth outlook slightly due to "surprisingly resilient" demand in the United States and Europe, an easing of energy costs and the reopening of China's economy after Beijing abandoned its strict Covid-19 restrictions..The IMF said
31 January 2023, 03:11 AM

German economy shrinks in Q4

The German economy unexpectedly shrank in the fourth quarter, data showed on Monday, a sign that Europe’s largest economy may be entering a much-predicted recession, though likely a shallower one than originally feared.
30 January 2023, 18:00 PM

Saudi Arabia may lower crude prices for Asia

Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply worries linger despite expectations of demand recovery in China.
30 January 2023, 18:00 PM

Emirates offers free night stay in Dubai

Travellers who purchase an Emirates return ticket in first or business class or stopping over in Dubai will be able to enjoy a complimentary night stay at the Fairmont The Palm hotel, one of the iconic hospitality properties in Dubai. 
30 January 2023, 18:00 PM

Euro zone economic sentiment rises

Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday.
30 January 2023, 18:00 PM

EU ambassador for investing in Bangladesh

Bangladesh has built a solid partnership with European Union in the recent past and there are areas and opportunities to invest here, said Charles Whiteley, ambassador and head of delegation of the European Union (EU) to Bangladesh.   
30 January 2023, 18:00 PM

Japan eyes easing South Korea export controls

Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the Sankei newspaper reported on Saturday.
28 January 2023, 18:00 PM

Holiday trips within China surge after lifting of Covid curbs

Lunar New Year holiday trips inside China surged 74 per cent from last year after authorities scrapped Covid-19 curbs that had stifled travel for three years, media reported on Saturday.
28 January 2023, 18:00 PM

China, US spar at WTO meeting over disputes

China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the US accusing its rival of illegal retaliatory measures.
28 January 2023, 18:00 PM

EU cap to limit Moscow’s choice of buyers

A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.
28 January 2023, 18:00 PM

US and EU to launch first ever AI deal

The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid.
28 January 2023, 18:00 PM

Global economic view downgraded for this year

Global economic growth is forecast to barely clear 2 per cent this year, according to a Reuters poll of economists who said the greater risk was a further downgrade to their view, at odds with widespread optimism in markets since the start of the year.
26 January 2023, 18:00 PM

Germany to avoid recession this year: govt

Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe’s biggest economy weathers the fallout from the Ukraine war better than expected.
25 January 2023, 18:00 PM

Adani stocks sink Indian shares

Indian shares fell to their lowest level in over a week on Wednesday, dragged by Adani group stocks after a short seller raised fresh concerns about the group’s debt in a report that had a ripple effect across the market.
25 January 2023, 18:00 PM

Eurozone returns to growth after 6-month crunch

The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe will avoid a recession this winter.
24 January 2023, 18:00 PM