Search results for: Global

World shares end fourth week of gains on sour note

-- 2018-07-28 11:24:54

Global markets fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies. The MSCI All-Country World Index, whic...

US economic growth hits fastest rate since 2014

BBC 2018-07-28 10:47:04

The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1 per cent, official figures show. The gains were driven by strong consumer sp...

Tech share drags down US stocks

-- 2018-07-28 10:43:53

Wall Street’s major indexes declined on Friday as weak earnings reports from major technology companies led to a big drop for the sector. The Dow Jones Industrial Average fell 75.74 points, o...

Imran Khan faces tough test in looming economic crisis

-- 2018-07-27 20:42:06

Equity and bond markets have welcomed Imran Khan’s victory in Pakistan’s disputed election, but the former cricket hero faces a tough slog to avert a currency crisis and implement long-ter...

Taiwan economic growth likely to slow in Q2

-- 2018-07-27 16:55:54

The economic growth of Taiwan is likely to slow in the second quarter (Q2) amid trade tensions between the United States and China, according to Reuters poll. The median forecast in a Reuters poll...

Asian shares rise amid tech stocks slide

-- 2018-07-27 16:30:30

Asian shares were mostly higher Friday as investors shrugged off Facebook's nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a US company. Jap...

European shares edge up on good earnings

-- 2018-07-27 16:18:06

European shares inched up in early trading on Friday and were set to end the week at six-week highs, helped by an easing of fears over US tariffs and good company results. Shares in consumer goods co...

Zuckerberg loses over $15b in record Facebook fall

-- 2018-07-27 11:14:55

Facebook Inc Chief Executive Mark Zuckerberg’s fortune took a more than $15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in US stock market history a...

Asian shares post modest gains

-- 2018-07-27 10:15:40

Asian stocks struggled to gain traction on Friday, following a mixed Wall Street finish and as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement...

ADB undertakes ‘Strategy 2030’ to respond to needs of Asia, Pacific

-- 2018-07-26 18:06:12

The Asian Development Bank's (ADB) Board of Directors has approved a new long-term corporate strategy -- Strategy 2030 -- that sets out the institution's broad vision and strategic response to the evo...

Egypt's budget deficit narrows to 9.8pc

-- 2018-07-26 16:51:51

Egypt’s budget deficit for the 2017-2018 fiscal year was 9.8 per cent of gross domestic product (GDP), down from 10.9 per cent the previous year. Egypt achieved a primary fiscal surplus for t...

Indian shares hit all-time highs

-- 2018-07-26 16:41:08

Indian shares hit all-time highs on Thursday with the benchmark BSE index breaching 37,000 for the first time, ahead of derivatives expiry later in the day. Bank shares were boosted by more state-r...

Mideast stocks flat; Saudi barely moves

-- 2018-07-26 16:04:27

Saudi Arabia’s stock market barely moved early on Thursday after Riyadh reported an attack on two oil tankers by Yemen’s Iran-aligned Houthi movement. The main stock index edged down 0....

California wildfire forces thousands to flee

-- 2018-07-26 13:46:42

Thousands of residents in Southern California were forced from their homes by a raging wildfire which remained unchecked early on Thursday as it pushed toward their mountain resort communities. The s...

Oppositions blast Merkel over meeting with Russian officials

-- 2018-07-26 13:02:38

German opposition parties have criticised Chancellor Angela Merkel for not providing more detail of her discussions with Russian Foreign Minister Sergei Lavrov and the head of Russia’s military...

IS attacks in southwest Syria leave over 200 dead

-- 2018-07-26 12:17:43

Islamic State militants killed more than 200 people in a coordinated assault on a government-held area of south-western Syria on Wednesday, local officials and a war monitor said, in the group’s...

Thrust on formation of powerful RMG body

Our Correspondent 2018-07-26 10:31:04

Experts at a seminar on apparel industry said Bangladesh government should promote establishment of environment-friendly apparel factories by ensuring 9.0 per cent interest on loans. They said the...

Asian stocks creep higher

-- 2018-07-26 10:02:35

Asian stocks inched higher on Thursday as the United States and Europe agreed to negotiations to ease barriers on trade, but ongoing concerns about the outlook for global growth weighed on investor se...

India to hold top spot for economic growth: Poll

-- 2018-07-26 09:50:27

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year’s general election, but rising oil prices pose the biggest downside ri...

Indian shares climb in choppy trading

-- 2018-07-25 14:09:16

Indian shares climbed in choppy trade on Wednesday, with the benchmark BSE Sensex paring gains after hitting a life-high early in the session, as investor sentiment stayed positive on bullish global...

Asian shares edge up after Wall St gains

-- 2018-07-25 14:04:25

Asian shares rose Wednesday after US stocks ended higher on strong corporate earnings amid US-Chinese trade tensions. Tokyo’s Nikkei 225 index gained 0.4 per cent to 22,598.47 and the Shangha...

38 die in multiple attacks in Syria

-- 2018-07-25 13:02:42

Multiple attacks killed at least 38 people and wounded 37 others in Sweida and villages northeast of the Syrian city, the head of the health authority told state-run Ikhbariyah TV. A suicide bomber b...

Poland approves new law to accelerate changes in top court

-- 2018-07-25 12:38:57

The upper chamber of Poland’s parliament has approved an amendment smoothing the way for the ruling party to name the next chief of the Supreme Court, despite street protests and objections from...

Suicide blast causes deaths in Syria’s Sweida

-- 2018-07-25 11:37:30

A suicide attack in the Syrian city of Sweida caused deaths and injuries, the Syrian state news agency SANA reported on its Telegram feed on Wednesday, citing its correspondent. Reuters reported quot...

Hundreds go missing after hydropower dam collapses in Laos

-- 2018-07-24 15:28:42

At least 100 people are missing after a hydropower dam in Laos collapsed, local media reported on Tuesday. Officials have brought boats to help evacuate people in San Sai district of Attapeu province...

'1,000,000pc inflation' to hit Venezuela in 2018

-- 2018-07-24 15:00:51

Venezuela’s inflation rate is likely to top 1,000,000 per cent in 2018, an International Monetary Fund official wrote on Monday, putting it on track to become one of the worst hyperinflationary...

Kenya demolishes slum of 30,000 to make new road

-- 2018-07-24 13:31:29

The homes of about 30,000 people have been demolished in a Kenyan slum to make way for a new $20m (£15m) dual carriage way in the capital Nairobi. The residents, living in part of the city's la...

China shares at one-month high

-- 2018-07-24 12:56:00

Shanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world’s second largest economy, while stellar results from internet giant Alphabet underpinned the tech se...

Vietnam’s Son Tinh flood toll reaches 27

-- 2018-07-24 12:17:27

The death toll from floods and landslides triggered by tropical storm Son Tinh rose to 27 on Tuesday, and seven people are still missing, the government’s Disaster Management Authority said. Wi...

India residential building fire kills five

-- 2018-07-23 15:29:52

A fire at a residential building early Monday killed five people in northern India, police said. The fire broke out from an apartment building early in the morning in Mandi district of Himachal Prades...