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Search results for: Global

Japan cuts GDP target due to weaker exports

Japan cuts GDP target due to weaker exports

-- 2019-07-29 15:14:18

Japan has lowered its target for economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-la...

Asian shares ease into trade talks, Fed test

Asian shares ease into trade talks, Fed test

-- 2019-07-29 13:53:02

Asian shares slipped on Monday as markets anxiously counted down to a likely cut in US interest rates this week with much riding on whether or not the Federal Reserve signals yet more are in the pipel...

18 feared dead in landslide at Myanmar jade mine

18 feared dead in landslide at Myanmar jade mine

-- 2019-07-28 13:18:46

A landslide at a Myanmar jade mine killed 14 people including at least one policeman in the early hours of Sunday as earth and mud engulfed a guard post, and four people were missing and feared dead,...

Russia detains over 1,000 in opposition crackdown

Russia detains over 1,000 in opposition crackdown

-- 2019-07-28 11:06:30

Russian police rounded up more than 1,000 people in Moscow on Saturday in one of the biggest crackdowns of recent times against an increasingly defiant opposition decrying President Vladimir Putin&rsq...

China's industrial profits fall 3.1pc in June

China's industrial profits fall 3.1pc in June

-- 2019-07-27 14:23:35

The industrial profits in China fell in June, after a brief gain the previous month, fuelling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth. The coun...

LSC in talks to buy Refinitiv for $27b

LSC in talks to buy Refinitiv for $27b

-- 2019-07-27 14:05:29

The London Stock Exchange (LSC) Group Plc has said that it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for $27 billion, including debt. The deal would come...

US stocks rebound on strong earnings

US stocks rebound on strong earnings

-- 2019-07-27 12:35:21

US stocks pushed to record heights Friday following strong profit reports from Google’s parent company, Twitter and other big corporations. Companies are nearly midway through earnings reportin...

US, Guatemala sign migration deal days after Trump threats

US, Guatemala sign migration deal days after Trump threats

-- 2019-07-27 11:11:29

The US and Guatemala have signed a migration agreement, days after US President Donald Trump threatened the Central American country with tariffs. Under the deal, migrants from Honduras and El Salvad...

Two die after nightclub floor collapses in South Korea

Two die after nightclub floor collapses in South Korea

-- 2019-07-27 10:37:32

An upper floor of a nightclub collapsed on top of dancing revelers in South Korea on Saturday, killing two South Koreans and injuring several foreign athletes competing at the World Aquatics Champions...

Eight dead as earthquake, aftershocks hit Philippines

Eight dead as earthquake, aftershocks hit Philippines

-- 2019-07-27 10:18:27

An earthquake and aftershocks struck islands off the north of the Philippines on Saturday killing eight people and injuring 60, disaster officials said. An initial quake of magnitude 5.4 that struck...

US economic growth lower than Trump’s target

US economic growth lower than Trump’s target

-- 2019-07-26 21:10:04

The US economy grew less than previously thought last year, missing President Donald Trump's target of 3.0 per cent. Revised official figures shows that GDP expanded by 2.5 per cent during 2018, repo...

Japanese stocks end lower on profit-taking

Japanese stocks end lower on profit-taking

-- 2019-07-26 14:32:07

Tokyo stocks ended lower Friday, following a weak lead from Wall Street overnight, with some investors opting to secure profits after recent rises. The 225-issue Nikkei Stock Average dropped 98.40 po...

Asian stocks fall ahead of US-China trade talks

Asian stocks fall ahead of US-China trade talks

-- 2019-07-26 14:25:33

Asian shares are lower Friday as investors continued to watch the brewing trade conflict between China and the US, and any signs of what’s in store from central banks. Japan’s benchmark N...

US growth seen slowing in second quarter

US growth seen slowing in second quarter

-- 2019-07-26 12:14:23

The US economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment. The an...

US direct investment abroad drop $62.3b in 2018

US direct investment abroad drop $62.3b in 2018

-- 2019-07-25 15:36:19

US direct investment abroad dropped at the end of last year while foreign direct investment in the United States increased, according to statistics released by the US Bureau of Economic Analysis (BEA)...

Indian shares rebound after five-day slump

Indian shares rebound after five-day slump

-- 2019-07-25 15:13:32

Indian shares rose on Thursday after five sessions of losses, buoyed by gains in financial and pharmaceutical stocks. The broader NSE index was up 0.7 per cent at 11,350.55 as of 0424 GMT, while th...

Asian shares rise, Kospi falls after missile launch

Asian shares rise, Kospi falls after missile launch

-- 2019-07-25 14:37:21

Asian shares rallied Thursday after the S&P 500 and Nasdaq closed at record highs, though South Korea’s Kospi declined after North Korea launched two short range missiles into the sea. Japa...

15 dead in multiple blasts in Afghan capital

15 dead in multiple blasts in Afghan capital

-- 2019-07-25 13:23:20

Three bombs rocked the Afghan capital of Kabul on Thursday, killing at least 15 people, officials said, as the chairman of the US Joint Chiefs of Staff was meeting top US and NATO officials in the cit...

China, Malaysia restart ‘Belt and Road’ project after hiccups

China, Malaysia restart ‘Belt and Road’ project after hiccups

-- 2019-07-25 11:35:03

China and Malaysia resumed construction on a massive “Belt and Road” train project in northern Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut its...

Government employees among five dead in Kabul blast

Government employees among five dead in Kabul blast

-- 2019-07-25 11:08:01

At least five people were killed and 10 wounded when a magnetic bomb attached to a bus carrying government employees exploded in the Afghan capital Kabul on Thursday, officials said. Interior Ministr...

Egypt’s GDP growth likely to slow to 5.5pc: Reuters poll

Egypt’s GDP growth likely to slow to 5.5pc: Reuters poll

-- 2019-07-24 13:03:27

Egypt’s economic growth is expected to slow to 5.5 per cent in the current fiscal year that began this month, below the government’s target, and 5.8 per cent the following year, a Reuters...

Asian shares up on hopes of fresh trade talks

Asian shares up on hopes of fresh trade talks

-- 2019-07-24 11:12:35

Asian stock markets rose Wednesday following a report US and Chinese trade envoys will meet for talks next week. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all advanced. The Shanghai Compos...

Singapore core inflation hits over two-yr low

Singapore core inflation hits over two-yr low

-- 2019-07-23 13:22:12

The core inflation of Singapore hit a more than two-year low in June as electricity and gas prices declined, firming bets among economists that its central bank will ease monetary policy in October....

China central bank drains liquidity from stock market

China central bank drains liquidity from stock market

-- 2019-07-23 11:22:55

China’s central bank drained 164.3 billion yuan (about 24 billion US dollars) from the financial system on Tuesday, with more reverse repos and medium-term lending facility (MLF) maturing than c...

Southeast Asian stocks tick higher

Southeast Asian stocks tick higher

-- 2019-07-23 11:12:27

Southeast Asian stock markets mostly edged up on Tuesday on expectations of monetary policy easing by major central banks such as the US Federal Reserve. Vietnam shares were the top gainers in Southe...

Malaysia’s CPI likely to rise at record pace in June

Malaysia’s CPI likely to rise at record pace in June

-- 2019-07-22 14:39:27

Malaysia’s consumer prices likely rose at their fastest pace in more than a year in June, a Reuters poll showed on Monday, as the effects of tax policy changes introduced in 2018 lapsed. Inflat...

HDFC Bank drags down Indian shares

HDFC Bank drags down Indian shares

-- 2019-07-22 14:30:38

Indian shares fell to their lowest since mid-May on Monday, dragged by banking bellwether HDFC Bank Ltd after it reported a slowdown in loan growth and a hit to asset quality. The broader NSE index w...

Asian shares fall, tracking Wall Street losses

Asian shares fall, tracking Wall Street losses

-- 2019-07-22 14:24:11

Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Japan’s Nikkei 225 slipped 0.3...

Lebanon passes ‘reforming’ 2019 budget

Lebanon passes ‘reforming’ 2019 budget

-- 2019-07-20 13:34:41

Lebanon’s parliament passed a “reforming” 2019 state budget on Friday, Prime Minister Saad al-Hariri said. However, the Prime Minister did not give any details on its deficit target...

World stocks up on Fed rate cut hopes

World stocks up on Fed rate cut hopes

-- 2019-07-20 13:19:39

A gauge of global stocks climbed on Friday as investors looked for a strongly dovish US Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated...