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The Financial Express

Search results for: global

How Western sanctions will affect Russia

How Western sanctions will affect Russia

-- 2022-02-25 17:41:30

The United States, Britain and other Western nations have hit Russia with new sanctions following Russia's invasion of Ukraine on Thursday. The European Union broadly agreed on new measures, details...

How Sri Lanka's economy ended in crisis

How Sri Lanka's economy ended in crisis

-- 2022-02-25 13:23:13

In late November 2019, after winning Sri Lanka's presidential election and months ahead of a parliamentary ballot that would again test his popularity, Gotabaya Rajapaksa gathered his cabinet and made...

Russia-Ukraine conflict raises threats for global economy

Russia-Ukraine conflict raises threats for global economy

-- 2022-02-24 20:45:35

Just what a vulnerable world economy didn’t need— a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese devel...

Stocks dive, oil price surges as Putin's Russia invades Ukraine

Stocks dive, oil price surges as Putin's Russia invades Ukraine

-- 2022-02-24 12:55:01

Global stocks and US bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian forces fired missiles at several Ukrainian cities and landed troops on its south co...

Global stocks break four-day slide as investors eye Putin's next move on Ukraine

Global stocks break four-day slide as investors eye Putin's next move on Ukraine

-- 2022-02-23 19:47:23

Global stocks broke a four-day slide on Wednesday and demand for safe-haven assets waned, with investors waiting to see Russian President Vladimir Putin's next move after he sent troops into separatis...

Russian rouble sinks three-week low, stocks plunge

Russian rouble sinks three-week low, stocks plunge

-- 2022-02-21 21:59:11

The rouble slid to a more than three-week low on Monday, erasing earlier gains in a volatile session, and Russian stocks plunged as Western fears of imminent military action in Ukraine outweighed hope...

Sri Lanka to promote batik, handloom products in global markets

Sri Lanka to promote batik, handloom products in global markets

-- 2022-02-21 20:38:48

The Sri Lankan government is to kick off a programme to promote the country's popular batik and handloom products to global markets in order to reboot local handloom industry. A senior official from...

India's IPO-bound LIC may not sell entire stake in IDBI Bank

India's IPO-bound LIC may not sell entire stake in IDBI Bank

-- 2022-02-21 18:20:11

India’s state-run company Life Insurance Corporation of India (LIC), which is planning the country's largest IPO next month, may not sell its entire stake in IDBI Bank and can use its large netw...

Focussing only on renewables a mistake: Saudi energy minister

Focussing only on renewables a mistake: Saudi energy minister

-- 2022-02-21 08:32:28

The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the...

World Bank readies $350m Ukraine disbursement, pledges more

World Bank readies $350m Ukraine disbursement, pledges more

-- 2022-02-20 10:23:43

The World Bank Group on Saturday said it is readying a $350 million disbursement to Ukraine that the group's board will consider by the end of March as part of a plan for short- and long-term financin...

How a Russia-Ukraine conflict could hit global markets

How a Russia-Ukraine conflict could hit global markets

-- 2022-02-20 10:22:44

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe-haven assets and stock mar...

A team of Bangladeshi highschool students reach the final of a global event

A team of Bangladeshi highschool students reach the final of a global event

FE ONLINE DESK   2022-02-19 16:38:50

A team of Bangladeshi high school students has been selected as finalists for the ‘NFTE World Series of Innovation,’ securing a top 10 spot among hundreds of entries from all over the worl...

Shortage of Suzuki car mirrors reflects Sri Lanka's growing crisis

Shortage of Suzuki car mirrors reflects Sri Lanka's growing crisis

-- 2022-02-18 15:38:24

Car spare parts dealers in Sri Lanka's main city of Colombo are receiving a steady stream of customers looking for what is fast becoming a prized commodity in the island nation - side mirrors for Suzu...

Scandal-hit Credit Suisse's investors see no sign of light at end of tunnel

Scandal-hit Credit Suisse's investors see no sign of light at end of tunnel

-- 2022-02-14 11:53:29

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management. While Swit...

Himalaya yogi ran India's top bourse as puppet master!

Himalaya yogi ran India's top bourse as puppet master!

-- 2022-02-14 08:55:03

The former head of India's largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse...

India's Life Insurance Corp files $8b IPO papers

India's Life Insurance Corp files $8b IPO papers

-- 2022-02-14 08:52:54

State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5 per cent of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO i...

Saudi Arabia transfers Aramco shares worth $80bn to state fund

Saudi Arabia transfers Aramco shares worth $80bn to state fund

-- 2022-02-13 19:24:34

Saudi Arabia's Crown Prince Mohammed bin Salman has transferred 4 per cent of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on Sunday. The sh...

BSEC, bourses ramp up vigilance, enforcement actions

BSEC, bourses ramp up vigilance, enforcement actions

MOHAMMAD MUFAZZAL 2022-02-13 09:43:31

The securities regulator and the bourses have intensified their vigilance and enforcement actions against the errant market operators and listed companies to ensure the safety of investors' money and...

US investors expect more volatility

US investors expect more volatility

-- 2022-02-13 09:14:26

Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the...

Afghan central bank terms US plan for frozen funds an 'injustice'

Afghan central bank terms US plan for frozen funds an 'injustice'

-- 2022-02-13 09:10:52

Afghanistan's central bank on Saturday criticised Washington's plan to use half the bank's $7 billion in frozen assets on US soil for humanitarian aid and set aside the rest to possibly satisfy lawsui...

Wall Street struggles amid inflation worries

Wall Street struggles amid inflation worries

-- 2022-02-12 08:45:58

Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and Ukraine, Reuters reports. Nine of the 11 major S&amp...

Twitter misses ad revenue and user growth estimates

Twitter misses ad revenue and user growth estimates

-- 2022-02-11 10:47:15

Twitter reported weaker-than-expected quarterly advertising revenue and user growth on Thursday and forecast revenue short of Wall Street targets, indicating that its turnaround plan has yet to bear f...

US sees biggest annual increase in inflation in 40 years

US sees biggest annual increase in inflation in 40 years

-- 2022-02-11 10:09:27

US consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a hefty 50 basis points interest rate hike from t...

Wall Street surges

Wall Street surges

-- 2022-02-10 08:44:14

Wall Street rallied on Wednesday, with megacap growth stocks powering higher thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy, Reuters reports....

Global Chamber Dhaka will organise a Globinar for young global leaders

Global Chamber Dhaka will organise a Globinar for young global leaders

FE Online 2022-02-07 16:14:27

Global Chamber Dhaka, in collaboration with the University of Liberal Arts Bangladesh Digital Marketing Club, Movementum Consultancy and Facilitation Group (MCFG) and Financial Express, will organise...

Zuckerberg loses $29b in a day

Zuckerberg loses $29b in a day

-- 2022-02-04 10:27:37

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's (FB.O) stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his per...

Meta share price fall shakes world tech stocks

Meta share price fall shakes world tech stocks

-- 2022-02-04 10:18:31

Shares of Facebook owner Meta (FB.O) plummeted 26per cent on Thursday, the biggest single-day slide in market value for a US company, after the social media giant issued a dismal forecast, blaming App...

Sri Lanka signs $500m credit line for fuel with India

Sri Lanka signs $500m credit line for fuel with India

-- 2022-02-03 10:33:43

Sri Lanka signed a $500 million credit line with India to import fuel on Wednesday, officials said, as the island nation seeks to stave off rolling power cuts amid a foreign exchange crisis that has h...

Meta shares plunge 20pc as Facebook feels heat from Apple, TikTok

Meta shares plunge 20pc as Facebook feels heat from Apple, TikTok

FE ONLINE DESK 2022-02-03 08:44:20

Facebook owner Meta Platforms Inc's (FB.O) shares plunged more than 20 per cent late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes...

Google propels record Alphabet revenue, sending shares higher

Google propels record Alphabet revenue, sending shares higher

-- 2022-02-02 09:29:14

Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and...