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Search results for: Global

StanChart sets aside $900m to cover US, British fines

StanChart sets aside $900m to cover US, British fines

-- 2019-02-21 16:45:55

Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from regulatory investigations in the United States and Britain, potentially drawing a line under probes which ha...

Johnson & Johnson receives federal subpoenas related to baby powder litigation

Johnson & Johnson receives federal subpoenas related to baby powder litigation

-- 2019-02-21 16:17:56

Johnson & Johnson said on Wednesday it has received subpoenas from the US Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos conta...

China central bank sees benchmark rate cut

China central bank sees benchmark rate cut

-- 2019-02-21 15:30:42

China’s central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a...

Saudi Aramco to sign China refinery deals as crown prince visits

Saudi Aramco to sign China refinery deals as crown prince visits

-- 2019-02-21 14:21:12

Saudi Aramco plans to sign preliminary deals to invest in two oil refining and petrochemical complexes in China during the Saudi Arabian crown prince’s visit this week, sources familiar with the...

Dollar inches up after Fed minutes

Dollar inches up after Fed minutes

-- 2019-02-21 14:00:00

The dollar inched up on Thursday after minutes from the Federal Reserve’s last meeting revived expectations for a possible US rate hike this year while the Aussie dollar skidded on policy easing...

Sony to beef up chip business with new engineers

Sony to beef up chip business with new engineers

-- 2019-02-21 13:46:12

Sony Corp said on Thursday it will assign 40 per cent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new ap...

Taiwan says no compromise on democracy

Taiwan says no compromise on democracy

-- 2019-02-20 15:03:51

Taiwan will not accept any deal that destroys its sovereignty and democracy, President Tsai Ing-wen said on Wednesday after the island’s opposition KMT party said it could sign a peace deal with...

May visits Brussels again, seeking Brexit breakthrough

May visits Brussels again, seeking Brexit breakthrough

-- 2019-02-20 13:47:19

British Prime Minister Theresa May makes another trip to Brussels on Wednesday, hoping European Commission chief Jean-Claude Juncker may prove more yielding than of late to salvage her Brexit deal. W...

Trade weakness likely to extend into Q1: WTO

Trade weakness likely to extend into Q1: WTO

-- 2019-02-20 13:30:24

Trade weakness is likely to extend into the first quarter (Q1) of 2019, said the World Trade Organization (WTO) on Tuesday, warning also of a potential further deterioration. The international trade...

SE Asian stocks rally; Philippines leads gains

SE Asian stocks rally; Philippines leads gains

-- 2019-02-20 12:23:29

Southeast Asian stock markets rose on Wednesday as hopes for an extension to the March 1 deadline for a deal between US and China were boosted by US President's comments amid a fresh bout of talks. U...

Asian shares edge up after Wall St gain

Asian shares edge up after Wall St gain

-- 2019-02-20 12:08:22

Asian shares edged up on Wednesday after a modestly high finish on Wall Street that extended the market’s gains into a fourth week. The Nikkei 225 index rose 0.6 per cent despite news that Japa...

Modi breaks protocol to welcome Saudi crown prince

Modi breaks protocol to welcome Saudi crown prince

-- 2019-02-20 11:37:55

Indian Prime Minister Narendra Modi broke with government protocol to personally welcome Saudi Arabia’s Crown Prince Mohammed bin Salman to New Delhi on Tuesday. Ordinarily, the prime minister...

Asian shares flirt with four-month highs

Asian shares flirt with four-month highs

-- 2019-02-19 14:24:52

Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-US trade talks, while the yen slipped as the Japanese central bank said it won’t rule out...

Pakistan urges UN to intervene over Kashmir tension with India

Pakistan urges UN to intervene over Kashmir tension with India

-- 2019-02-19 13:42:35

Pakistan’s foreign minister appealed to the UN Secretary General on Tuesday to help ease tension with India that has escalated sharply following a suicide bomb attack in the Indian part of dispu...

Southeast Asian stocks climb

Southeast Asian stocks climb

-- 2019-02-19 13:09:07

Most Southeast Asian stock markets climbed on Tuesday, lifted by optimism that the United States and China might be inching towards a deal to resolve their nearly year-long trade dispute. The Malaysi...

Asian shares rise on hopes for progress on trade

Asian shares rise on hopes for progress on trade

-- 2019-02-19 13:01:23

Asian shares were mostly higher on Tuesday as Chinese and US officials prepare for trade talks in Washington this week. The Shanghai Composite index added 0.3 per cent to 2,762.73 in early trading,...

Kuroda says BOJ ready to ease if yen rise hurts price goal path

Kuroda says BOJ ready to ease if yen rise hurts price goal path

-- 2019-02-19 12:51:07

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2.0 per cent inflati...

Indonesia central bank to hold key rate: Reuters poll

Indonesia central bank to hold key rate: Reuters poll

-- 2019-02-19 12:31:26

The Bank Indonesia will keep interest rates on hold on Thursday, a Reuters poll showed, as the Federal Reserve’s caution over further rate hikes has spurred some hopes Jakarta’s next move...

Blast kills two policemen in Egyptian capital: Ministry

Blast kills two policemen in Egyptian capital: Ministry

-- 2019-02-19 11:18:54

Two policemen were killed and three wounded when an explosive device carried by a militant they were pursuing detonated in the heart of the Egyptian capital on Monday, an interior ministry statement s...

16 US states sue Trump over border wall emergency

16 US states sue Trump over border wall emergency

-- 2019-02-19 10:46:51

A coalition of 16 US states led by California sued President Donald Trump and top members of his administration on Monday to block his decision to declare a national emergency to obtain funds for buil...

US-China trade war major threat for global economy: ICCB

US-China trade war major threat for global economy: ICCB

FE Online Desk 2019-02-18 18:17:21

The International Chamber of Commerce-Bangladesh (ICCB) has described the trade war between the United States and China as a major concern for global economy. "The tariff fight between the two countr...

Poland PM cancels Israel trip amid Holocaust row

Poland PM cancels Israel trip amid Holocaust row

-- 2019-02-18 12:17:59

Polish PM Mateusz Morawiecki has cancelled a trip to Israel following comments on the Holocaust by Israeli counterpart Benjamin Netanyahu. Mr Netanyahu was quoted in Israeli media as saying "Poles co...

Asia shares bounce on trade talk, stimulus wagers

Asia shares bounce on trade talk, stimulus wagers

-- 2019-02-18 11:42:46

Asian share markets bounced broadly on Monday as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks. MSCI&rsquo...

Four Indian soldiers among five die in Kashmir gunbattle: Police

Four Indian soldiers among five die in Kashmir gunbattle: Police

-- 2019-02-18 11:13:48

Four Indian soldiers and a civilian were killed in a gunbattle in disputed Kashmir on Monday, a police official said, as India launched a hunt for suspected members of an Islamist militant group that...

Saudi crown prince heads for Pakistan amid India tensions

Saudi crown prince heads for Pakistan amid India tensions

-- 2019-02-17 12:43:15

Saudi Arabia’s Crown Prince Mohammed bin Salman is due to arrive in Pakistan on Sunday at the start of his tour of South Asia and China, but the visit risks being overshadowed by escalating tens...

Tunisia cops, protesters clash over youth’s death

Tunisia cops, protesters clash over youth’s death

-- 2019-02-17 11:48:07

Police in Tunisia fired tear gas to disperse demonstrators who protested after a young man died inside a police station near the coastal resort of Hammamet, witnesses said on Saturday. The young man...

Brexit: May urges conservative MPs to unite, support deal

Brexit: May urges conservative MPs to unite, support deal

-- 2019-02-17 11:16:54

Theresa May has urged Conservative MPs to put aside "personal preferences" and support a Brexit deal in the Commons. In a letter to all 317 Tory members of Parliament, the prime minister said "histor...

Turkey ‘won’t turn back from S-400 deal with Russia’

Turkey ‘won’t turn back from S-400 deal with Russia’

-- 2019-02-16 14:35:05

Turkey will not turn back from its deal to buy S-400 missile systems from Russia, President Tayyip Erdogan was quoted as saying on Saturday, a day after an informal deadline Washington set for Ankara...

Sensex posts longest losing streak in a year

Sensex posts longest losing streak in a year

-- 2019-02-16 14:06:11

Sensex posted its longest losing streak in a year, as it fell for seven days in a row to hit its lowest close in two weeks on Friday. According to The Economic Times report, the investors’ conf...

US stocks end higher amid trade optimism

US stocks end higher amid trade optimism

-- 2019-02-16 13:49:21

Wall Street ended higher on Friday, as financial stocks outperformed and the market has built up hopes in the possibility of easing US-China trade tensions. The Dow Jones Industrial Average was up 44...