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Search results for: global

US drops China currency manipulator label

REUTERS January 14, 2020 11:13:09

The US Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trad...

Walmart sacks 56 executives in India as part of restructuring

-- January 13, 2020 14:00:42

Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The move underscores the challenges Walmart has faced in expanding its whol...

Three killed in militant attack near Kenya’s Somalia border

Reuters January 13, 2020 13:25:05

Three teachers were killed in Kenya near the country’s border with Somalia in a suspected attack by al Shabaab militants, a police report seen by Reuters said on Monday, in what would be the lat...

Canadian PM promises ‘justice’ at Iran plane vigil

-- January 13, 2020 12:01:40

Canadian Prime Minister Justin Trudeau has said he will seek "justice" for those killed on board a Ukrainian passenger plane downed by Iran. Mr Trudeau spoke in Edmonton, Alberta at a vigil for the 5...

Asia shares flatline, wait for US and China to seal trade deal

REUTERS January 13, 2020 10:08:23

Asian shares paused near 19-month peaks on Monday ahead of the expected signing on a Sino-US trade deal, though talks on a phase two package are likely to drag on for months. MSCI’s broadest in...

Saudi Aramco raises IPO to record $29.4 billion

Reuters January 12, 2020 13:12:53

Saudi Arabia's state-owned oil company Saudi Aramco said on Sunday it has exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public...

Libyan forces loyal to Haftar announce ceasefire

-- January 12, 2020 11:52:35

Libyan eastern forces loyal to commander Khalifa Haftar announced on Saturday a ceasefire in the western region, which includes the capital Tripoli, starting 00:01 am on Sunday (22:01 GMT) and the int...

Australia PM admits mistakes in handling of bushfire crisis

-- January 12, 2020 11:17:57

Australia's Prime Minister Scott Morrison has expressed regret over his handling of the bushfire crisis ravaging the country. The PM has faced mounting criticism over his government's response to the...

Trump’s birthday greet not enough to resume talks, N Korea says

-- January 11, 2020 14:57:39

A North Korean official on Saturday said that the US and South Korea are dreaming if they think that President Donald Trump’s sending a birthday message would get leader Kim Jong Un back to the...

Mercedes-Benz to build smart brand cars with Geely in China’s Xi’an

Reuters January 11, 2020 12:13:40

Mercedes-Benz will build smart-branded electric cars with Zhejiang Geely Holding Group in the Chinese city of Xian from a base with annual capacity of around 150,000 vehicles, a senior official from i...

US imposes more sanctions on Iran

-- January 11, 2020 11:33:52

The United States has imposed more sanctions on Iran in retaliation for its missile attack on US forces in Iraq this week. The US on Friday also vowed to tighten the economic screws if Tehran continu...

Sultan Qaboos of Oman dies

-- January 11, 2020 11:14:24

Oman’s ailing Sultan Qaboos bin Said, one of the Middle East’s longest serving rulers who maintained the country’s neutrality in regional struggles, died on Friday and the Gulf state...

China's economy to maintain steady growth in 2020

Xinhua January 10, 2020 18:26:32

China is capable of maintaining steady economic growth in the year to come and beyond, buoyed by multiple driving forces, despite mounting downward pressure, economists have said. "The gross domestic...

Foreigners buy $10.16b of S Korean stocks in 2019

-- January 10, 2020 15:17:22

Foreign investors purchased more than 10 billion US dollars of South Korean stocks and bonds last year, central bank data showed Friday. Foreign capital of $10.16 billion flowed into the South Korean...

Weekly jobless claims fall to 214,000

-- January 10, 2020 15:13:33

The number of initial jobless claims in the United States dropped last week, according to a report released by the US Bureau of Labor Statistics on Thursday. The number of people filing for US unempl...

Just 17 out of 80 million are poor, Chinese province says

-- January 10, 2020 12:03:03

A Chinese province has said just 17 people, out of its population of more than 80 million, are living in poverty. Jiangsu province said only a handful of people lived below its benchmark of 6,000 yua...

US House votes to limit Trump war powers on Iran

-- January 10, 2020 10:51:22

The US House of Representatives has approved a largely symbolic resolution seeking to limit President Donald Trump's ability to make war on Iran. The measure passed the Democratic-run chamber 224-194...

Global growth to recover to 2.5pc in 2020: WB

Xinhua January 09, 2020 16:59:53

Global economic growth is projected to recover to 2.5 per cent in 2020, up slightly from the post-crisis low of 2.4 per cent registered in 2019, but downside risks persist, the World Bank said on Wedn...

US oil imports up, exports down last week: EIA

-- January 09, 2020 15:50:41

US crude oil imports increased while exports decreased during the week ending Jan. 3, the US Energy Information Administration (EIA) said on Wednesday. US crude oil imports averaged 6.73 million barr...

Three policemen die in clash with protesters in Vietnam

Reuters January 09, 2020 14:44:46

Three policemen were among at least four people killed in Vietnam on Thursday when protesters attacked soldiers building a wall near a military airport, the Ministry of Public Security said. The prot...

Prince Harry, Meghan to step back as senior royals

-- January 09, 2020 10:40:06

The Duke and Duchess of Sussex have announced they will step back as "senior" royals and work to become financially independent. In a statement, Prince Harry and Meghan also said they plan to split t...

Asian shares rebound as Mideast tensions ease

REUTERS January 09, 2020 10:24:40

Asian stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays. US President Do...

Italy's overall tax burden drops slightly

-- January 08, 2020 13:29:54

The overall tax burden in Italy dipped slightly over the first nine months of last year compared to the same period in 2018, according to Italy's National Institute of Statistics. The institute also...

Facing Brexit unknowns, UK financial sector pays record taxes

REUTERS January 07, 2020 15:41:34

Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in funding the state at a time when its future prospects have been cloude...

Germany to cut troop numbers in Iraq after Soleimani’s killing

-- January 07, 2020 14:08:39

Germany is moving some of its military personnel from Iraq to neighbouring countries over security concerns, the government told lawmakers, days after the killing of a top Iranian military commander i...

Vietnam's industrial production rises 8.86 pc in 2019

-- January 07, 2020 12:19:38

Vietnam's national index of industrial production rose 8.86 per cent on-year in 2019, the country's General Statistics Office announced on Tuesday. Main driver of the surge, the processing and manufa...

Tibet's GDP grows 9pc in 2019

-- January 07, 2020 12:13:18

The gross domestic product (GDP) in southwest China's Tibet Autonomous Region grew about nine per cent in 2019. Tibet's GDP was estimated at more than 160 billion yuan (around 23 billion US dollars)...

Over 60,000 Mexicans ‘disappeared’ in drug war

-- January 07, 2020 11:59:30

More than 60,000 people have disappeared in Mexico since the start of the country's war on drugs in 2006, according to authorities. The number is far higher than previous estimates of around 40,000....

Asia stocks bounce, oil slips as Iran anxiety ebbs

REUTERS January 07, 2020 10:42:00

Asian shares rebounded on Tuesday as a day passed without any new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed. Oil surrendered hefty g...

Taiwan Dec export growth seen slowing: Reuters poll

-- January 06, 2020 14:55:12

Taiwan’s exports likely grew at a slower pace in December, after beating expectations with a 3.3 per cent on-year increase in the prior month, according to a Reuters poll. Taiwan is one of Asia...