China to outline fiscal policy as traders await action

The news comes after traders on the mainland and in Hong Kong were left disappointed by a news conference Tuesday in which officials failed to unveil any new stimulus and provided scant detail on its plans for implementing the raft measures already flagged
9 October 2024

India central bank leaves interest rates unchanged

Central bank governor Shaktikanta Das said the bank would remain "unambiguously focused" on aligning inflation with its target while still supporting growth.
9 October 2024

Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT
9 October 2024

China says raised 'serious concerns' with US over trade curbs

Chinese Commerce Minister Wang Wentao's call with US Commerce Secretary Gina Raimondo was described by Beijing as "candid, in-depth and pragmatic".
9 October 2024

The US economy is solid: Why are voters gloomy?

Despite indicators showing the US economy is moving in a healthy direction, many Americans remain pessimistic about business and job prospects -- a mood that poses a frustrating problem for Vice President Kamala Harris in her neck-and-neck race with Donald Trump for the White House
9 October 2024

China holds off on fresh stimulus but 'confident' will hit growth target

Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt
8 October 2024

Samsung Electronics apologises for disappointing profit as it struggles in AI chips

The comments illustrate the challenges facing the company, which has been the world's biggest memory chipmaker for three decades but is battling growing competition
8 October 2024

Taiwan's Foxconn says building world's largest 'superchip' plant

Foxconn is the world's biggest contract electronics manufacturer and assembles devices for major tech companies, including Apple
8 October 2024

China’s consumers regain some lost lustre

Amid slowing growth and a property downturn, domestic demand has remained anaemic for much of the year: retail sales rose only 2.1 percent in August, missing analyst forecasts of 2.5 percent
7 October 2024

Sri Lanka's leftist government secures $200m World Bank loan

The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash
7 October 2024

UK pay growth weakest since February 2021, REC survey show

The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021
7 October 2024

Oil prices dip after strongest weekly rise in over a year

Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
7 October 2024

Samsung's profit recovery seen weakening in Q3

Operating profit for Samsung likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30
7 October 2024

German govt expects another recession in 2024: media

The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth, according to the Sueddeutsche newspaper
7 October 2024

Tariff commission suggests halving sugar import duty

The commission recommended NBR cut sugar import duty to 15% from existing 30%
6 October 2024

US grants for a feasibility study on temperature-controlled logistics

Bonton Foods has selected Minnesota-based Land O’Lakes Venture37 to conduct the study
6 October 2024

EV tariffs are only the first step in EU-China war

After Friday’s narrow vote, the European Commission is still talking with China to see if an alternative to tariffs is possible to address what it sees as the Middle Kingdom’s “injurious” support of its auto sector
6 October 2024

Vietnam economy grows 7.4% in third quarter

The growth rate was the result of "adapting effectively to the fluctuations of the global economy and addressing the severe consequences of natural disasters", the General Statistics Office (GSO) said in a statement
6 October 2024

Foxconn beats estimates with record third-quarter revenue on AI demand

Revenue for Apple's biggest iPhone assembler jumped 20.2 percent year on year to T$1.85 trillion ($57.3 billion)
6 October 2024

China home sales rise after stimulus measures, state media says

More than 50 cities introduced policies to boost the real estate market, while nearly 2,000 developments from more than 1,000 property companies participated in promotions
6 October 2024