Search results for: global

US stocks end lower on tariff worries

-- September 08, 2018 11:21:12

US stocks ended lower on Friday as US President Donald Trump raised the possibility of additional tariffs on imports of Chinese goods. Based on the latest available data, the Dow Jones Industrial Ave...

Eurozone GDP grows 0.4pc in second quarter

-- September 07, 2018 18:25:00

The euro zone economy grew at 0.4 per cent in the second quarter (Q2) as business and other investments rose sharply while net trade was negative, a statistics agency said on Friday. The agency said...

Japan economy seen revised up in Q2: Reuters poll

-- September 07, 2018 18:10:53

The economic growth of Japan is expected to be revised up in the second quarter (Q2) due to an acceleration in capital expenditure, a Reuters poll showed on Friday. The poll of 18 economists also s...

Indian shares end higher as rupee trades firm

-- September 07, 2018 17:29:50

Indian shares ended higher on Friday helped by gains in energy and automobile stocks as the rupee regained some lost ground, but the benchmark indexes logged their worst week since end June. The BSE...

Trade uncertainty keeps European shares depressed

-- September 07, 2018 15:45:09

European shares remained stuck at five-month lows on Friday as uncertainty over global trade rippled through markets and investors dumped riskier sectors. The pan-European STOXX 600 gave up timid ear...

Trade tensions weigh on Asian shares

-- September 07, 2018 11:25:21

Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech-heavy region....

US job growth sees a pickup in August

-- September 07, 2018 10:58:33

US job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 per cent, which would bolster views that the economy was so far weathering...

Ireland's earnings from tourists increase in H1

-- September 06, 2018 21:12:56

Overseas visitors to Ireland spent a total of 2.27 billion euros (2.64 billion US dollars) in the first half (H1) of 2018, up 8.5 per cent compared with the same period in 2017, according to the gover...

US worker productivity growth rise in Q2

-- September 06, 2018 20:48:30

US worker productivity rose at its fastest pace in more than three years in the second quarter (Q2), as previously reported, but the trend in productivity growth remained moderate. The US Labor Dep...

Mideast stocks mixed, Saudi extends losses

-- September 06, 2018 19:52:33

Gulf stocks were mostly mixed on Thursday while Saudi stocks extended losses after a 3.0 per cent plunge a day earlier, as investors were rattled by turbulence in emerging markets. The Saudi index...

UK warship sails close to disputed S China islands, angering Beijing

-- September 06, 2018 15:58:22

Beijing expressed anger on Thursday after a British Royal Navy warship sailed close to islands claimed by China in the South China Sea late last month, saying Britain was engaged in “provocation...

European shares slump to five-month low

-- September 06, 2018 15:05:40

European shares fell on Thursday as fresh losses in emerging markets and worries Washington will follow through on plans to levy an extra $200 billion of Chinese imports kept investors on the edge. T...

Burberry stops burning unsold products, using real fur

-- September 06, 2018 14:32:05

British luxury goods maker Burberry has announced that it will stop the practice of burning unsold goods, with immediate effect. The fashion label also said it would stop using real fur in its produc...

Ethiopia reopens embassy in Eritrea

-- September 06, 2018 13:36:13

Ethiopian and Eritrean leaders reopened Ethiopia’s embassy in the Eritrean capital Asmara on Thursday, state affiliated Ethiopian Fana Broadcasting said. Reuters reported citing Fana Broadcasti...

Kim wants to denuclearise during Trump’s first term: Seoul

-- September 06, 2018 11:14:40

North Korean leader Kim Jong Un said he wants to denuclearise the Korean peninsula during US President Donald Trump’s first term, as he agreed to hold a third summit with his South Korean counte...

Asian shares fall for sixth straight session

-- September 06, 2018 11:03:13

Asian shares fell for a sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially seve...

Malaysia's July exports hit record high

-- September 05, 2018 20:19:52

Malaysia's exports grew 9.4 per cent in July from a year earlier on higher higher exports of electrical and electronic products, chemicals and chemical products as well as manufactures of metal. Expo...

Greece raises $942m in treasury bills auction

-- September 05, 2018 18:45:19

Greece raised on Wednesday €812.5 million (942 million US dollars) in a 13-week treasury bills auction, the Public Debt Management Agency (PDMA) announced. The three-month treasury bills were...

European shares trade lower

-- September 05, 2018 17:41:49

European shares traded lower on Wednesday as trade tensions and growing worries about emerging market currencies cut investor appetite for risky assets. At 0826 GMT, the pan-European STOXX 600 was do...

Golf markets edge down, Abu Dhabi climbs

-- September 05, 2018 17:09:25

Golf markets edged down on Wednesday as the investor sentiment was soured by fears of the potential fallout on the global economy from a likely escalation in the Sino-US trade war. US President Don...

Elevator plummets at Tehran construction site, killing six

-- September 05, 2018 14:32:13

Iran's official IRNA news agency reports that an elevator at a construction site plummeted multiple floors, killing six construction workers in the capital Tehran. Jalal Maleki, spokesman for the Teh...

Uber to block low-rated riders in Australia, New Zealand

-- September 05, 2018 11:42:21

Uber is to block customers in Australia and New Zealand from its ride service if they have a low passenger rating. Riders rated four-out-of-five stars or lower will be banned for six months. Ratings...

Turkey refuses to fulfil ‘unlawful requests’ on US pastor case

-- September 05, 2018 11:07:04

Turkey cannot fulfil unlawful requests” regarding US Pastor Andrew Brunson’s ongoing case, Turkish President Tayyip Erdogan was quoted as saying by the Hurriyet newspaper early on Wednesda...

Storm Gordon batters US gulf coast, emergency declared

-- September 05, 2018 10:39:06

A state of emergency has been declared in Louisiana and Mississippi as Tropical Storm Gordon batters the US Gulf Coast. Gordon made landfall just west of the Alabama-Mississippi border, the National...

Typhoon ‘Jebi’ claims 10 lives in Japan

-- September 05, 2018 09:55:42

A powerful typhoon killed 10 people in western Japan and an airport company started to transfer some 3,000 stranded passengers by boats from a flooded airport, the government said on Wednesday, as mor...

France’s Macron to reshuffle cabinet

-- September 04, 2018 16:02:16

French President Emmanuel Macron hopes to draw a line under a raft of troubles plaguing his 16-month-old presidency and to re-energise his economic reform drive with a cabinet reshuffle on Tuesday. M...

Indian airline stocks drop on higher oil prices

-- September 04, 2018 14:02:24

Indian airline stocks have slipped as the Brent crude oil prices rose overnight, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November. The share...

Duterte withdraws amnesty for opposition senator, orders arrest

-- September 04, 2018 13:55:03

Philippine President Rodrigo Duterte on Tuesday withdrew amnesty for an opposition senator involved in a failed coup 15 years ago and ordered his arrest, in what would be the second detention of a law...

UAE private sector growth in August is fastest this year

-- September 04, 2018 13:39:59

The non-oil private sector growth of Saudi Arabia inched up in August to its fastest rate this year, a survey showed on Tuesday, suggesting a long-awaited recovery of the economy may have begun. Th...

Congo top court excludes rival leader from presidential election

-- September 04, 2018 11:57:44

Democratic Republic of Congo’s top court on Monday definitively excluded opposition leader Jean-Pierre Bemba from December’s presidential election because of a witness tampering conviction...