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Search results for: Global

Hong Kong braces for major anti-government rally

Hong Kong braces for major anti-government rally

-- 2019-08-18 11:50:00

Hong Kong braced for a major anti-government rally planned for Sunday after an unusually calm Saturday night in what has been a summer of violent protests in the Asian financial hub. Demonstrations h...

China to lower real interest rates

China to lower real interest rates

Xinhua 2019-08-17 17:42:13

China will take market-oriented reform measures to meaningfully reduce real interest rates and ease financing difficulties, the State Council's executive meeting chaired by Premier Li Keqiang decided...

India begins easing clampdown in Kashmir

India begins easing clampdown in Kashmir

-- 2019-08-17 14:26:39

Authorities in Indian-administered Kashmir on Saturday began restoring landline phone services after a nearly two-week unprecedented security crackdown and news blackout following a decision to downgr...

Eight die in Ukraine hotel fire

Eight die in Ukraine hotel fire

-- 2019-08-17 13:00:52

Eight people died and 10 more were injured in a fire early on Saturday in a private hotel in the southern Ukrainian port of Odessa, Ukraine’s emergencies service said. The fire occurred shortly...

Bank of Mexico to cut interest rate

Bank of Mexico to cut interest rate

-- 2019-08-17 12:59:41

Mexican President Andres Manuel Lopez Obrador on Friday endorsed a benchmark interest rate cut in a bid to stimulate the economy. In his daily press conference, the president said cutting the interes...

US issues warrant to seize Iranian oil tanker

US issues warrant to seize Iranian oil tanker

-- 2019-08-17 11:46:20

The US Justice Department has issued a warrant to seize a detained Iranian oil tanker, a day after a judge in Gibraltar ordered it to be released. The Grace 1 supertanker, which is carrying 2.1m barr...

ECB shuts down its hacked website

ECB shuts down its hacked website

-- 2019-08-16 12:44:54

The European Central Bank (ECB) shut down one of its websites on Thursday after it was hacked and infected with malicious software. The lender said no market-sensitive data had been compromised durin...

Asian shares mixed amid US-China trade worries

Asian shares mixed amid US-China trade worries

-- 2019-08-16 12:30:32

Asian shares were mixed Friday as turbulence continued on global markets amid ongoing worries about US-China trade conflict. Japan's benchmark Nikkei 225 recouped early losses to be up 0.3 per cent...

Japan becomes largest foreign holder of US Treasuries

Japan becomes largest foreign holder of US Treasuries

-- 2019-08-16 11:17:36

Japan overtook China to become the largest foreign holder of US Treasuries in June, with its holdings at the highest level in nearly three years, US Treasury Department said on Thursday. Japan's hold...

Tokyo stocks end sharply lower

Tokyo stocks end sharply lower

-- 2019-08-15 15:32:59

Tokyo stocks ended sharply lower Thursday, with the benchmark Nikkei stock index hitting a six-month low. The market was observed in dull trading  as the US bond market overnight indicated a rec...

PBOC continues to boost liquidity into capital market

PBOC continues to boost liquidity into capital market

Xinhua 2019-08-15 15:29:11

The People's Bank of China (PBOC), the central bank, on Thursday continued to pump cash into the financial system through open market operations to maintain liquidity in the market. The PBOC conduc...

US labelling China as currency manipulator not true: Scholar

US labelling China as currency manipulator not true: Scholar

-- 2019-08-14 17:28:07

The US assertion that the recent depreciation of the Chinese yuan against the US dollar amounts to currency manipulation is not true, a US scholar has said, reports Xinhua. It would be more correct t...

EU slaps biodiesel duties on Indonesia

EU slaps biodiesel duties on Indonesia

-- 2019-08-14 10:41:57

The European Commission on Tuesday imposed countervailing duties of 8.0 per cent to 18 percent on imports of subsidised biodiesel from Indonesia. The move aimed to restore a level playing field for E...

Oil prices fall on demand concerns, rising US output

Oil prices fall on demand concerns, rising US output

-- 2019-08-13 15:58:44

Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support, reports Reuters. Brent...

Asia shares tumble on Hong Kong unrest

Asia shares tumble on Hong Kong unrest

-- 2019-08-13 11:42:52

TOKYO (Reuters) - Asian shares slumped on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina’s peso currency drove investors to safe harbors l...

Yen hits seven-month high against dollar

Yen hits seven-month high against dollar

-- 2019-08-13 11:20:55

TOKYO (Reuters) - The yen traded close to a seven-month high against the dollar on Tuesday, as unrest in Hong Kong and gyrations in Argentina’s markets heightened investor risk aversion and fann...

Singapore cuts 2019 GDP forecast as global risks expand

Singapore cuts 2019 GDP forecast as global risks expand

-- 2019-08-13 10:14:02

SINGAPORE (Reuters) - Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting...

US-China tariff dispute dampens Las Vegas trade show

US-China tariff dispute dampens Las Vegas trade show

-- 2019-08-13 00:00:00

"There is a lot of fear in the marketplace, people are worried," Jimmy Gindi, a New York-based footware seller said Sunday at the Sands Expo  and  Convention Center in Las Vegas. There was...

Global shares decline as trade war worries worsen

Global shares decline as trade war worries worsen

-- 2019-08-12 20:39:22

Global stocks retreated Monday amid investor concerns that the U.S.-China trade war might be worsening, reports AP. Investors have been encouraged by hopes global central banks will keep interest rat...

US-China trade war leading to recession: Goldman Sachs

US-China trade war leading to recession: Goldman Sachs

-- 2019-08-12 19:12:25

Goldman Sachs Group Inc  said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s tw...

Lanka tourism industry begins to recover

Lanka tourism industry begins to recover

-- 2019-08-12 17:37:22

COLOMBO, Aug 12: Sri Lanka’s tourism industry, badly hurt by Easter day bombings, is showing signs of gradual recovery, industry executives say, although a national election later this year is l...

Saudi Aramco to take 20pcin Reliance's refinery, highest FDI in India

Saudi Aramco to take 20pcin Reliance's refinery, highest FDI in India

-- 2019-08-12 16:55:26

Mukesh Ambani on Monday announced that Saudi oil giant Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries' oil refinery and chemical business at an enterprise value of U...

Asian stocks rise as trade war worries worsen

Asian stocks rise as trade war worries worsen

-- 2019-08-12 14:14:17

Asian stocks gained Monday amid investor jitters the US-China trade war might be worsening, reports AP. Benchmarks in Shanghai and South Korea rose while Hong Kong and Australia were unchanged. Japan...

Tesla electric car catches fire after hitting a tow truck in Moscow

Tesla electric car catches fire after hitting a tow truck in Moscow

-- 2019-08-11 18:46:45

A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday, reports Reuters. Footage of the incident on state TV channel Rossiya 24 showed the car by the s...

Wealthier China boon to US, says economist

Wealthier China boon to US, says economist

Xinhua 2019-08-11 11:40:23

A wealthier China is a boon to the United States, an economist has said, amid an escalating trade tensions between the two nations that has set the world's nerves on edge. Donald Boudreaux, a senior...

IMF reiterates China's exchange rate broadly in line with fundamentals

IMF reiterates China's exchange rate broadly in line with fundamentals

Xinhua 2019-08-10 17:17:12

China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund (IMF) reiterated on Friday...

Death toll from India floods jumps to 95

Death toll from India floods jumps to 95

-- 2019-08-10 14:40:06

The death toll from floods in India’s states of Karnataka, Kerala and Maharashtra rose to 95, official figures showed on Saturday, as heavy rain and landslides forced hundreds of thousands to ev...

Typhoon causes landslide in eastern China, killing 13

Typhoon causes landslide in eastern China, killing 13

-- 2019-08-10 13:25:28

Thirteen people were killed and 16 were missing in eastern China on Saturday in a landslide triggered by a major typhoon, which also caused hundreds of flight cancellations and the evacuation of more...

Texas shooting suspect ‘confesses to targeting Mexicans’

Texas shooting suspect ‘confesses to targeting Mexicans’

-- 2019-08-10 13:06:25

The suspect accused of killing 22 people at a Walmart in El Paso, Texas, has confessed that he was targeting "Mexicans", say US media. An arrest report obtained by some news outlets sheds light on hi...

IMF stands by China's exchange rate view

IMF stands by China's exchange rate view

Xinhua 2019-08-10 13:02:37

The International Monetary Fund (IMF) on Friday affirmed its view that China's exchange rate is broadly in line with economic fundamentals. Experts said IMF's new report provides further evidence tha...