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The Financial Express

Search results for: Global

Oil prices fall by more than $4.0 a barrel

Oil prices fall by more than $4.0 a barrel

-- 2022-08-15 20:12:57

Oil prices fell by more than $4.0 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns. Brent crude futures fell $4.35, or 4.43 per cent, to $93...

Indonesia plans fuel price hike to control ballooning subsidies

Indonesia plans fuel price hike to control ballooning subsidies

-- 2022-08-15 18:46:32

Indonesia plans to hike fuel prices to control ballooning energy subsidies, media reported on Monday, citing comments from the country's energy minister. Reuters says the price hike will be complemen...

China cuts key rates as economic data disappoints

China cuts key rates as economic data disappoints

-- 2022-08-15 10:40:55

China's economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing's zero-Covid policy and a property crisis, while the central bank surprised mar...

India's July inflation eases to 6.71pc as some commodity prices fall

India's July inflation eases to 6.71pc as some commodity prices fall

REUTERS 2022-08-14 14:00:32

India's consumer inflation dipped to 6.71 per cent in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central b...

Troubled UK economy rides out Jubilee disruption, but recession looms

Troubled UK economy rides out Jubilee disruption, but recession looms

REUTERS 2022-08-12 15:04:25

Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail an...

J&J to end global sales of talc-based baby powder

J&J to end global sales of talc-based baby powder

FE ONLINE DESK 2022-08-12 14:40:06

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product that drew thousands of consume...

Asian stocks mixed and European futures flat on rate hike worries

Asian stocks mixed and European futures flat on rate hike worries

REUTERS 2022-08-12 12:19:31

Asian stocks were mixed and the yen fell on Friday, capping off a back-and-forth week that saw investors split on how aggressively the Federal Reserve would raise interest rates to tackle inflation....

Sri Lanka power regulator approves 75pc tariff hike

Sri Lanka power regulator approves 75pc tariff hike

-- 2022-08-09 14:50:16

Sri Lanka's power regulator said on Tuesday it had approved a 75 per cent hike in power tariffs, reports Reuters. "The Commission decided to approve a fair electricity tariff, taking all these...

Stocks slip as caution reigns ahead of US inflation data

Stocks slip as caution reigns ahead of US inflation data

REUTERS 2022-08-09 14:44:00

Shares edged lower and the dollar hung off recent highs on Tuesday as investors eyed US inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes...

Currencies find breathing space as dollar eases slightly

Currencies find breathing space as dollar eases slightly

-- 2022-08-08 16:46:30

Emerging market currencies came off session lows on Monday, as the dollar eased slightly after a strong rally spurred by rising bets of the US Federal Reserve staying aggressive with its monetary poli...

Asia shares subdued, dollar refreshed by US rate risks

Asia shares subdued, dollar refreshed by US rate risks

REUTERS 2022-08-08 11:52:08

Asian share markets were subdued on Monday and the dollar held firm after a stunning US payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hike...

Russia bans Western investors from selling banking, key energy stakes

Russia bans Western investors from selling banking, key energy stakes

-- 2022-08-07 15:33:18

Russia has banned investors from so-called unfriendly countries from selling shares in key energy projects and banks until the end of the year, stepping up pressure in the sanctions stand-off with the...

China's exports gain steam though outlook remains uncertain

China's exports gain steam though outlook remains uncertain

-- 2022-08-07 14:57:53

China's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could start...

Moderately hawkish RBI to keep India rupee supported, analysts say

Moderately hawkish RBI to keep India rupee supported, analysts say

-- 2022-08-06 12:06:13

The Indian rupee is unlikely to fall significantly from current levels against the US dollar after the Reserve Bank of India on Friday opted for a 50 basis points rate hike, analysts said, Reuters rep...

Sri Lanka considering restructure of local and sovereign debt

Sri Lanka considering restructure of local and sovereign debt

-- 2022-08-06 11:12:28

Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history....

Japan takes step into green GDP research

Japan takes step into green GDP research

-- 2022-08-05 17:39:05

Japan on Friday took a first step into its research for a green gross domestic product (GDP) measurement that reflects the country's progress in reducing greenhouse gas emissions in its economic growt...

UN food price index falls again in July

UN food price index falls again in July

-- 2022-08-05 15:09:09

The United Nations food agency's world price index declined again in July, edging further away from all-time highs hit in March. The Food and Agriculture Organization's (FAO) index, which tracks the...

Stocks climb ahead of US jobs data

Stocks climb ahead of US jobs data

REUTERS 2022-08-05 13:37:51

Asian shares gained on Friday ahead of US jobs data that will give another clue to the health of the world's largest economy as warning signs flashed in bond markets, and oil traded around its lowest...

India central bank raises key rate for third time to tame inflation

India central bank raises key rate for third time to tame inflation

-- 2022-08-05 12:43:49

The Reserve Bank of India's key policy repo rate was raised by 50 basis points on Friday, the third increase in as many months to cool stubbornly high inflation. With June retail inflation at 7...

Global energy crisis drives rethink of nuclear power projects

Global energy crisis drives rethink of nuclear power projects

REUTERS 2022-08-05 10:33:28

The Philippines' Bataan Nuclear Power Plant (BNPP) has not produced any electricity since it was finished in 1984, despite its $2.3 billion price tag and its promise of energy security during the 1970...

Ukraine needs to export 50m tons of grain this year 

Ukraine needs to export 50m tons of grain this year 

-- 2022-08-04 19:12:19

Ukraine needs to export some 50 million tons of grain in the 2022-2023 marketing year amid the need to store last year's crops and grain from the new harvest, an industry body said on Wednesday. ...

Sri Lanka to restart bailout talks with IMF in August

Sri Lanka to restart bailout talks with IMF in August

-- 2022-08-03 15:40:11

Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a...

Yields up with dollar as Fed officials signal more hikes; Asian stocks firm

Yields up with dollar as Fed officials signal more hikes; Asian stocks firm

REUTERS 2022-08-03 09:24:01

Asia-Pacific bond yields followed US Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates....

US targets Chinese, UAE firms in new Iran oil sanctions

US targets Chinese, UAE firms in new Iran oil sanctions

-- 2022-08-02 12:11:37

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise...

Rouble bounces back from more than three-week lows against dollar, euro

Rouble bounces back from more than three-week lows against dollar, euro

-- 2022-08-01 21:09:47

The rouble bounced back from more than three-week lows against the dollar and euro in Moscow trade on Monday, supported by strong fundamentals while buffeted by lower oil prices and the end of a favou...

Inflation begins to strain finances of young, low-income Americans

Inflation begins to strain finances of young, low-income Americans

REUTERS 2022-08-01 11:29:01

As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure. Generation Z consumers and those with low credit scores are...

Asia shares stay sluggish, dollar resumes retreat

Asia shares stay sluggish, dollar resumes retreat

REUTERS 2022-08-01 10:22:47

Asian shares were sluggish on Monday as disappointing Chinese economic data fed doubts Wall Street's rally could be sustained, while the dollar continued its retreat on the yen as speculators were for...

UK businesses expect zero growth over next 3 months, survey shows

UK businesses expect zero growth over next 3 months, survey shows

REUTERS 2022-07-31 11:56:23

British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday. The Confederation of British Industry...

Sri Lanka's Wickremesinghe says IMF accord pushed back after unrest

Sri Lanka's Wickremesinghe says IMF accord pushed back after unrest

-- 2022-07-31 10:35:34

Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund has been pushed back to September due to the unrest over the past weeks, the Associate...

S&P 500, Nasdaq register biggest monthly gains since 2020

S&P 500, Nasdaq register biggest monthly gains since 2020

REUTERS 2022-07-30 12:33:04

US stocks added to their recent rally on Friday after upbeat forecasts from Apple and Amazon.com, and the S&P 500 and Nasdaq posted their biggest monthly percentage gains since 2020. Most S&P...