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The Financial Express

Search results for: global

Asian shares come off one-month lows

Asian shares come off one-month lows

REUTERS 2021-03-05 14:10:38

A late rally in Chinese shares on Friday helped pull Asian stocks off one-month lows as investors picked bargains while attention shifted to US non-farm payrolls due later in the day. E-Mini futures...

Vietnam's cloth import rises over two months

Vietnam's cloth import rises over two months

-- 2021-03-05 10:38:10

Vietnam spent nearly 1.9 billion US dollars importing cloth in the first two months of this year, posting a year-on-year rise of 17.6 per cent, according to the country's General Statistics Office on...

China restores GDP growth target after economic rebound

China restores GDP growth target after economic rebound

REUTERS 2021-03-05 08:39:11

China on Friday restored its annual economic growth target, setting it at above 6.0 per cent, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy emer...

US private payrolls miss expectations

US private payrolls miss expectations

-- 2021-03-04 12:13:36

US private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labour market was struggling to regain speed despite the nation’s i...

Alphabet-backed Oscar Health valued at $7.09b in lacklustre debut

Alphabet-backed Oscar Health valued at $7.09b in lacklustre debut

-- 2021-03-04 11:13:52

Shares of Oscar Health fell more than 7 per cent in their stock market debut on Wednesday, fetching a valuation of just over $7 billion for the health insurance start-up backed by Google parent Alphab...

Big economies agree to boost IMF funding

Big economies agree to boost IMF funding

-- 2021-03-03 10:39:55

G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund’s own special drawing rights (SDRs) currency, the IMF’s head said on Tuesday...

US Democrats backpedal on raising minimum wage, but hopes for hike alive

US Democrats backpedal on raising minimum wage, but hopes for hike alive

-- 2021-03-02 09:55:06

The US Senate will start debating President Joe Biden’s $1.9 trillion coronavirus relief bill this week, Senate Majority Leader Chuck Schumer said on Monday after Democrats backed down from an e...

Sky begins to clear over US economy

Sky begins to clear over US economy

Reuters 2021-03-02 09:52:03

Despite the US economy’s near miss with a depression last year and an ongoing coronavirus pandemic that has brought travel to a virtual halt, Jeff Hurst, the chief executive of vacation rental f...

Danone takes step to sell Chinese asset, following pressure from shareholders

Danone takes step to sell Chinese asset, following pressure from shareholders

REUTERS 2021-03-01 10:27:45

Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and gov...

China's factory activity expands at a slower pace in February

China's factory activity expands at a slower pace in February

-- 2021-03-01 10:10:27

China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disrupti...

GameStop rally fizzles

GameStop rally fizzles

-- 2021-02-27 09:10:15

GameStop Corp closed 6 per cent lower on Friday as an early rally fizzled but the stock finished the week 151 per cent higher in a renewed surge that left analysts puzzled. The video game retailer's...

China central bank adviser predicts 8-9pc GDP growth in 2021

China central bank adviser predicts 8-9pc GDP growth in 2021

-- 2021-02-26 10:33:32

China’s gross domestic product (GDP) could expand 8-9 per cent in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, sa...

Saudi Arabia's PIF launches $3b tourism, infrastructure venture

Saudi Arabia's PIF launches $3b tourism, infrastructure venture

Reuters 2021-02-25 13:02:12

Saudi Arabia’s Public Investment Fund (PIF) launched a new venture that will invest $3 billion in developing tourism and infrastructure in the southwestern Asir region, the state news agency SPA...

Asian shares jump

Asian shares jump

Reuters 2021-02-25 12:06:10

Asian stocks jumped on Thursday after US Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a long time, calming market fears that higher inflation might prompt the centr...

StandChart 2020 pretax profit falls 57pc, misses estimates

StandChart 2020 pretax profit falls 57pc, misses estimates

Reuters 2021-02-25 11:45:47

Standard Chartered on Thursday restored its dividend and reaffirmed its long-term profit goals, in a show of confidence about its ability to recover from the impact of the Covid-19 pandemic even...

Bitcoin's steep drop drags billions off Tesla value, Musk wealth

Bitcoin's steep drop drags billions off Tesla value, Musk wealth

-- 2021-02-24 11:21:46

Bitcoin, shares of Tesla, and a high-flying exchange traded fund (ETF) fell on Tuesday, retreating from recent rallies in a volatile session that gave investors a gut check. It was the latest sign of...

Online platforms targetted by EU

Online platforms targetted by EU

-- 2021-02-24 10:25:36

Online platforms like Robinhood in the United States that offer commission-free share trading to retail investors would be illegal in the European Union, officials from the bloc said on Tuesday. Onli...

EU to call on G20 not to withdraw Covid-19 stimulus too early

EU to call on G20 not to withdraw Covid-19 stimulus too early

-- 2021-02-23 11:16:59

The European Union will call on financial leaders of the world’s 20 biggest economies this week to keep pumping money into the global economy as long as is needed for it to recover from the Covi...

Myanmar anti-coup protests shut businesses

Myanmar anti-coup protests shut businesses

-- 2021-02-22 11:28:15

Businesses shut in Myanmar on Monday in a general strike called to oppose the military coup and thousands of protesters gathered despite a threat from authorities that confrontation could cost lives....

World Bank, IMF to consider climate change in debt reduction talks

World Bank, IMF to consider climate change in debt reduction talks

-- 2021-02-20 16:04:38

The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President...

Nasdaq falls as big tech slides

Nasdaq falls as big tech slides

-- 2021-02-18 10:50:42

The Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks. The Dow Jones I...

Elon Musk's SpaceX raises $850 million in fresh funding

Elon Musk's SpaceX raises $850 million in fresh funding

Reuters 2021-02-17 13:57:15

Tesla boss Elon Musk’s SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, according to a CNBC report run by Reuters on Tuesday. Spa...

Asia's surging shares keep global bull run on track

Asia's surging shares keep global bull run on track

REUTERS 2021-02-16 14:05:07

Asian shares rallied on Tuesday, setting the stage for world equities to extend their bull run for a 12th consecutive session, as investors banked on a rollout of coronavirus vaccines to keep the glob...

Global shares rise, oil up on Middle East tensions

Global shares rise, oil up on Middle East tensions

-- 2021-02-16 10:25:12

Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington, while tensions in the Middle East drove oil to...

Japan’s economy expands more than expected as exports, capex shake off pandemic hit

Japan’s economy expands more than expected as exports, capex shake off pandemic hit

-- 2021-02-15 12:21:58

Japan’s economy expanded more than expected in the fourth quarter, extending the recovery from its worst postwar recession thanks to a rebound in overseas demand that boosted exports and capital...

US 'back at the table' to help global economic recovery

US 'back at the table' to help global economic recovery

-- 2021-02-13 10:49:33

US President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the...

Record $58.1b pours into global equity funds: BofA

Record $58.1b pours into global equity funds: BofA

Reuters 2021-02-12 20:19:32

A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash funds and had a lighter exposure to bonds, BofA’s weekly fund flow data showed on...

UK economy slumps by record 10pc in 2020

UK economy slumps by record 10pc in 2020

-- 2021-02-12 18:20:04

Britain's coronavirus-ravaged economy suffered its biggest crash in output in more than 300 years in 2020 when it slumped by 9.9 per cent, but it avoided heading back towards recession at the end of t...

IMF's own currency likely to get G7 backing

IMF's own currency likely to get G7 backing

Reuters 2021-02-12 09:54:02

Group of Seven finance ministers are likely to back a new allocation of the International Monetary Fund’s own currency, or special drawing rights, at an online meeting on Friday to help low-inco...

COVID, climate, tax feature at first post-Trump G7 talks

COVID, climate, tax feature at first post-Trump G7 talks

Reuters 2021-02-10 23:17:49

The new administration of US President Joe Biden joins international talks on the global economy this week with other rich nations expecting a decisive break from the "America First" nationalism of...