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The Financial Express

Search results for: global

Fertiliser shortage imperils world food supply 

Fertiliser shortage imperils world food supply 

-- 2022-03-24 19:54:30

Sky-high fertiliser prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry ve...

Sri Lanka to seek World Bank assistance alongside IMF loan programme

Sri Lanka to seek World Bank assistance alongside IMF loan programme

-- 2022-03-24 14:45:52

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said. A 70 per...

British inflation hits 30-year high of 6.2pc as Sunak readies response

British inflation hits 30-year high of 6.2pc as Sunak readies response

-- 2022-03-23 15:16:37

British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a...

Japan announces $42b investment in India

Japan announces $42b investment in India

-- 2022-03-19 22:56:50

Japanese Prime Minister Fumio Kishida on Saturday announced a 5.0 trillion yen ($42 billion) investment in India over the next five years during a meeting with Prime Minister Narendra Modi in New Delh...

Malaysia's exports up 16.8pc in February 

Malaysia's exports up 16.8pc in February 

-- 2022-03-18 19:45:08

Malaysia's exports surpassed the 100 billion ringgits (about 23.8 billion US dollars) mark in February, increasing 16.8 per cent to 102.27 billion ringgits, official data showed Friday.  The exp...

Goldman claims China high-yield developers' default rate understates stresses

Goldman claims China high-yield developers' default rate understates stresses

-- 2022-03-18 14:27:07

Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, highlighting liquidity stress as Beijing l...

Some Russia creditors have reportedly received dollar bond payment

Some Russia creditors have reportedly received dollar bond payment

-- 2022-03-18 13:16:45

Some creditors have received payment, in dollars, of Russian bond coupons which fell due this week, two market sources said on Thursday, meaning that Russia for now may have averted what would have be...

Stockmarkets step back, oil bounces

Stockmarkets step back, oil bounces

FE ONLINE DESK 2022-03-18 11:15:41

Stockmarkets took a breather on Friday after several days of sizeable gains, while commodities were set on edge by the lack of progress in Russia-Ukraine peace negotiations. Oil rose sharply and back...

Argentina Senate approves up to $45b IMF debt deal

Argentina Senate approves up to $45b IMF debt deal

-- 2022-03-18 10:55:50

Argentina's Senate voted late on Thursday to approve a $45 billion debt deal with the International Monetary Fund (IMF), converting the agreement into law and ensuring that the economically battered c...

Asian shares, oil prices up ahead of Fed

Asian shares, oil prices up ahead of Fed

-- 2022-03-16 11:00:48

Asian share markets rose on Wednesday, with investors' eyes on volatile oil prices, Ukraine-Russia peace talks and the US Federal Reserve, which is expected to raise rates for the first time in three...

Anger grows over a worsening economic crisis in Sri Lanka

Anger grows over a worsening economic crisis in Sri Lanka

-- 2022-03-15 19:32:52

Opposition leaders led a march of hundreds of protesters through Sri Lanka's main city of Colombo on Tuesday as anger grows over a worsening economic crisis that has brought fuel shortages and spirall...

EU approves new round of Russia sanctions

EU approves new round of Russia sanctions

-- 2022-03-15 18:27:30

The European Union (EU) has formally approved a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods expo...

‘World faces food crisis due to Ukraine war’

‘World faces food crisis due to Ukraine war’

-- 2022-03-14 19:02:30

A global food crisis looms unless the war in Ukraine is stopped because fertiliser prices are soaring so fast that many farmers can no longer afford soil nutrients, Russian fertiliser and coal billion...

Russia’s potential default not to trigger global financial crisis, says IMF

Russia’s potential default not to trigger global financial crisis, says IMF

-- 2022-03-14 17:43:43

Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director...

Musk says Tesla, SpaceX facing significant inflation risks

Musk says Tesla, SpaceX facing significant inflation risks

-- 2022-03-14 11:20:10

Tesla Chief Executive Officer Elon Musk said on Sunday the US electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics, reports...

Russia says it counts on ties with China to withstand sanctions

Russia says it counts on ties with China to withstand sanctions

-- 2022-03-13 20:16:08

Russia said on Sunday that it was counting on China to help it withstand the blow to its economy from Western sanctions, which it said had frozen nearly half of its gold and foreign currency reserves....

Malaysia's manufacturing sales up 13.1pc in January

Malaysia's manufacturing sales up 13.1pc in January

-- 2022-03-11 18:18:06

Malaysia's manufacturing sales in January 2022 rose 13.1 per cent to 139 billion ringgit (about 33.15 billion US dollars) from a year ago, official data showed Friday. The growth in sales value for t...

Fuel prices keep rising, governments look for solutions

Fuel prices keep rising, governments look for solutions

-- 2022-03-10 19:52:07

Retail gasoline and diesel prices soared to record highs in many countries across the world this week, prompting governments from Brazil to France to consider pumping up subsidies or trimming taxes to...

Ukraine war-related inflation could lead to social unrest: World Bank

Ukraine war-related inflation could lead to social unrest: World Bank

-- 2022-03-10 11:00:36

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in the Middle East and Africa, and may fuel growing social unrest, World Bank...

Russia accuses United States of declaring economic war

Russia accuses United States of declaring economic war

-- 2022-03-09 18:38:07

The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing mayhem through energy markets. Kremlin spokesman Dmitry Peskov cast the West's sanctions as a...

Ukraine crisis could stall India's economic recovery

Ukraine crisis could stall India's economic recovery

-- 2022-03-08 18:44:50

India is likely to rank among the emerging economies worst affected by the Russia-Ukraine crisis as a surge in global prices of commodities is set to upend spending plans and derail its pandemic recov...

Asia stocks slide to 16-month low

Asia stocks slide to 16-month low

-- 2022-03-04 12:10:51

Asian equity markets and the euro suffered heavy losses on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine an...

Asian stocks slide to 16-month low on report of Ukraine nuclear plant fire

Asian stocks slide to 16-month low on report of Ukraine nuclear plant fire

-- 2022-03-04 10:34:52

Asian equity markets and the euro suffered heavy losses on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine an...

Russia bans payments to foreign investors holding rouble bonds

Russia bans payments to foreign investors holding rouble bonds

-- 2022-03-02 16:43:41

Foreign investors are effectively stuck with their holdings of Russian stocks and rouble-denominated bonds after the central bank put a temporary halt on payments and major overseas' settlement system...

Oil price exceeds $111 a barrel with Russian supply concerns amid sanctions

Oil price exceeds $111 a barrel with Russian supply concerns amid sanctions

-- 2022-03-02 15:11:58

Oil prices surged on Wednesday as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sou...

Rouble heads back towards record lows, living standards exposed

Rouble heads back towards record lows, living standards exposed

-- 2022-03-01 19:07:04

The rouble gave up earlier attempts at recovery to head back towards record lows on Tuesday, threatening the living standards of ordinary Russians as the country was hit with a raft of harsh Western s...

Russia doubles key interest rate to 20pc after rouble slumps

Russia doubles key interest rate to 20pc after rouble slumps

-- 2022-02-28 17:54:40

The Russian central bank raised its key interest rate to 20 per cent from 9.5 per cent on Monday in an emergency move, and authorities told export-focused companies to be ready to sell foreign currenc...

Crude jumps, stocks slip, rouble crashes on tough Russian sanctions

Crude jumps, stocks slip, rouble crashes on tough Russian sanctions

-- 2022-02-28 11:38:44

Crude oil jumped while the rouble plunged nearly 30 per cent to a record low on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine, including blocking some...

Sanctions on selected banks won’t affect Russia, banking experts say

Sanctions on selected banks won’t affect Russia, banking experts say

-- 2022-02-27 19:29:06

A decision by Western allies on Saturday to block "selected" Russian banks from the SWIFT payments system will inflict a crippling economic blow but also cause much pain to their own companies and ban...

European stocks rise as investors welcome coordinated sanctions on Russia

European stocks rise as investors welcome coordinated sanctions on Russia

-- 2022-02-25 18:42:29

European stocks rose on Friday after Wall Street's late rally, as investors welcomed coordinated Western sanctions on Russia that targeted its banks but not did not block it from a global payments sys...