Results for
Economy
532 Results-
China factory activity slows, adding to economic strains
China’s factory activity decelerated in May, a survey showed Wednesday, adding to signs its economic rebound after the end of anti-virus controls is ... Economy -
Goldman cuts Israeli shekel forecasts on politics, intervention
Strategists at Goldman Sachs Group Inc. have revised their forecasts to reflect a weaker shekel on renewed concerns that Prime Minister Benjamin ... Economy -
Iraq boosts gold reserves by two percent in single day in gradual buildup
Iraq’s central bank boosted its gold reserves by about 2 percent in a single day last week as part of what it calls a gradual plan to stock up on the ... Economy -
China industrial profits slide as weak demand weighs on economy
Profits at industrial firms in China kept falling in the first four months of the year, underlining cooling demand and deepening factory-gate ... Economy -
US and China commerce and trade chiefs to meet in Washington DC
China’s Minister of Commerce Wang Wentao will meet US Commerce Secretary Gina Raimondo and US Trade Representative Katherine Tai while visiting the ... World News -
Singapore economy beats estimates but government warns of global risks
Singapore’s economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that ... World News -
Georgia PM says cannot afford sanctions on Russia, would ‘devastate’ economy
Georgia’s prime minister told an international forum Wednesday that his government cannot afford to impose sanctions on Russia over the Ukraine war as ... World News -
British retailer Marks & Spencer expects revenue growth in the coming year
British clothing and food retailer Marks & Spencer on Wednesday forecast “modest” growth in revenue in its new financial year after 2022-23 profit ... Retail -
Bangladesh PM says ‘very much sure’ country able to repay IMF loan
The Prime Minister of Bangladesh Sheikh Hasina said on Wednesday she is confident that the country will be able to meet its commitments to the ... World News -
Explainer: The probes into Lebanese central bank chief Salameh
Lebanon has been verbally informed of a German arrest warrant against Lebanese central bank governor Riad Salameh, who is being investigated for money ... Middle East -
UAE to start negotiations with Malaysia on trade agreement
The UAE will launch negotiations to establish a Comprehensive Economic Partnership Agreement (CEPA) with Malaysia, the official Emirates News Agency ... Gulf -
Iran president Raisi visits Indonesia to deepen economic ties
Iranian President Ebrahim Raisi will meet his Indonesian counterpart Joko Widodo on Tuesday during a two-day trip aiming to strengthen economic ties ... Middle East -
‘Close call’ on US June rate hike or pause, says Fed’s Kashkari: Report
Minneapolis Federal Reserve President Neel Kashkari said on Monday it was a “close call” on whether he would vote to raise interest rates at the ... Economy -
Biden calls Republican debt ceiling offer ‘unacceptable’ ahead of call with McCarthy
President Joe Biden on Sunday called the latest Republican offer in talks on lifting the government’s debt ceiling “unacceptable” but said he would be ... World News -
Iraq has enough strategic wheat reserves for 6 months: Report
Iraq’s strategic wheat reserves are sufficient for six months, its state news agency quoted Minister of Commerce Atheer Daoud Al-Ghurairy as saying on ... Business -
Qatar stocks could attract up to $3.5 bln on free float plan
Qatar’s equity market could attract as much as $3.5 billion of passive flows if the Gulf state proceeds with a plan to combine all of the local stocks ... Gulf -
Recession fears surface in Germany as investor outlook weakens
Investor confidence in Germany’s economy weakened for a third month as the country’s key manufacturing sector reels from a slump in demand.The ZEW ... Economy -
G7 finance leaders’ meeting dominated by US debt ceiling standoff
A standoff in Washington over raising the US debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders’ starting on Thursday, ... Economy -
Philippines GDP growth slows as inflation hits spending
The Philippines’ economy grew more than expected in the first three months of the year, official data showed Thursday, though the pace was the slowest ... World News -
Fitch downgrades Egypt to B, negative outlook over economic woes
Fitch on Friday downgraded Egypt’s rating by one notch from B+ to B and attached a negative outlook, hinting that it could downgrade further in coming ... Middle East -
ECB raises rates by 25 bps in inflation fight
The European Central Bank raised interest rates by 25 basis points to 3.25 percent as expected on Thursday and said it would stop reinvesting cash ... World News -
Turkish cenbank sticks to inflation forecast of 22.3 percent for 2023
Turkey’s central bank is sticking to its inflation forecast of 22.3 percent for 2023, Governor Sahap Kavcioglu said on Thursday - less than half of ... Economy -
Construction activity in Saudi Arabia reaches highest level in years: Survey
Construction activity in Saudi Arabia is at its highest level since 2018, according to a survey by the Royal Institution of Chartered Surveyors (RICS) ... Saudi Arabia -
Israel faces higher food costs as milk prices spike
Israel is braced for another wave of steep food price increases, putting more pressure on the government to live up to its promise to lower the cost ... Middle East -
Turkey’s $1 bln ETF intervention can’t end stock bear market
Turkish stocks are sinking deeper into a bear market, defeating an open-ended attempt by the government to keep equities from falling as investors ... World News -
Shorts of China-heavy emerging-market ETF rise above $1 bln
Investors have added almost $600 million to bets that an emerging-market index dominated by Chinese stocks will lose money.For the latest headlines, ... World News -
India’s unemployment rate climbs to four-month high in April
India’s unemployment rate climbed to a four-month high, the latest data showed, as there were more people joining the workforce compared to available ... World News -
Treasury Secretary Yellen says US could default as soon as June 1
Treasury Secretary Janet Yellen notified Congress on Monday that the US could default on its debt as early as June 1, if legislators do not raise or ... World News -
Egypt able to meet all international debt obligations: PM
Egypt is fully able to meet its international debt obligations, Prime Minister Mostafa Madbouly said, looking to ease market concerns over the North ... Middle East -
Taiwan’s economy falls into recession as global demand dries up
Taiwan’s economy plunged into recession after shrinking at the fastest pace since the global financial crisis, a sign of how the dropoff in global ... World News