Oil demand rises as gas prices surge: IEA Prices of natural gas and electricity have jumped to new records Updated 12 Aug, 2022 10:18am
Business & Finance UK banks resilient to ‘deteriorated outlook’: BoE LONDON: UK banks can survive the “deteriorated economic outlook” with the sector more resilient than during 2008... Published 06 Jul, 2022 07:11am
Print Oil slumps nearly 3pc NEW YORK: Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could... Published 23 Jun, 2022 06:05am
Print Europe may shift back to coal FRANKFURT/MILAN: Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies on Monday and... Updated 21 Jun, 2022 09:52am
Print OECD slashes growth outlook PARIS: The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout... Published 09 Jun, 2022 06:18am
World Economic outlook has ‘darkened’, business and government leaders warn in Davos DAVOS: Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos... Published 23 May, 2022 09:27pm
Markets China shares fall SHANGHAI: Chinese shares fell on Tuesday as energy, financials and real estate stocks weighed amid growing concerns... Published 03 Nov, 2021 03:54am
Business & Finance JPMorgan edges closer to leaving pandemic behind, its earnings show NEW YORK: JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some... Published 18 Oct, 2021 04:42am
Markets Asia naphtha, gasoline margins improve on brighter outlook SINGAPORE: Asia’s gasoline and naphtha margins improved on Friday on the back of a brighter economic outlook in ... Published 10 Jul, 2021 03:42am
Markets Sterling strengthens further, passing $1.41 The pound was up 0.8% on the day at $1.40970, having crossed the key $1.40 level for the first time since February during the Asian session, and risen above $1.41 during the European morning session. Published 10 May, 2021 04:59pm
World ECB keeps cheap money tap open FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the... Updated 23 Apr, 2021 10:04am
Business & Finance Congo central bank cuts interest rate to 10.5pc It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations. Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year. Published 16 Apr, 2021 07:41pm
Markets Markets rise on recovery hope, dollar hits one-year yen high Tokyo, Hong Kong, Shanghai, Seoul, Singapore, Taipei, Mumbai and Wellington all rose, though Sydney, Manila and Jakarta fell. Published 30 Mar, 2021 05:33pm
Business & Finance Early trade in New York: Dollar jumps on jobs improvement NEW YORK: The dollar jumped on Friday after data showed jobs growth beat expectations in February, backing up the... Published 06 Mar, 2021 05:01am
Markets Hong Kong stocks rally in morning session The Hang Seng Index climbed 0.75 percent, or 203.48 points, to 27,434.61. Published 04 Jan, 2021 11:28am