Search results for: global

China's foreign trade up 9.9pc in first nine months

-- October 12, 2018 12:48:54

China's goods trade rose 9.9 per cent year on year to 22.28 trillion yuan (about 3.23 trillion US dollars) in the first nine months of the year, customs data showed Friday. Exports increased 6.5 per...

Asia shares bounce after rout, but sentiment fragile

-- October 12, 2018 11:56:16

Asian shares found a slightly firmer footing on Friday to set course for their first gains in two weeks, but the rout continued in Shanghai where shares hit lows last seen in 2014. Investor sentiment...

IMF warns against trade, currency wars, urges fix to global rules

-- October 11, 2018 16:26:57

International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil “innocent bystanders....

Italy's pension reform will cost €100b: INPS

-- October 11, 2018 16:01:11

The Italian state pension agency INPS said the government’s plan to lower the retirement age will cost future generations around 100 billion euros ($115.4 billion). The reform “will incre...

European shares hit 20-month lows

-- October 11, 2018 16:01:03

European shares hit more than 20 months low on Thursday following a rout on Wall Street as jitters over rising US Treasury yields sparked a broad selloff of risky assets. All sectors in the markets w...

Gunmen kidnap Africa’s ‘youngest billionaire’ in Tanzania

-- October 11, 2018 15:44:05

The man said to be Africa's youngest billionaire has been kidnapped by masked gunmen in Tanzania's main city Dar es Salaam, police say. Mohammed Dewji, 43, was abducted outside a swanky hotel gym whe...

Pakistan's trade deficit shrinks 2.4pc for Sept

-- October 11, 2018 15:03:35

The trade deficit of Pakistan reduced by 2.4 percent during the month of September over the same month of the last year, the Pakistan Bureau of Statistics (PBS) has said. The trade deficit dropped...

Turkey cannot remain silent over Khashoggi’s disappearance: Erdogan

-- October 11, 2018 14:47:10

Turkey cannot remain silent over the disappearance of Saudi journalist Jamal Khashoggi, President Tayyip Erdogan was quoted as saying by Hurriyet newspaper on Thursday, adding Turkey is investigating...

Asian shares slump after Wall St falls

-- October 11, 2018 12:21:17

Asian share markets were broadly lower on Thursday after Wall Street slumped on a heavy selling of technology and internet stocks. Japan's benchmark fell by an unusually wide margin of 3.9 per cent...

Heavy winds, rains kill 12 in Sri Lanka

-- October 11, 2018 10:44:43

Sri Lanka’s Disaster Management Center (DMC) on Thursday said 12 people had been killed and over 69,000 affected from the heavy winds and rains which lashed out across the island since last week...

India’s #MeToo: Pressure piles up on employers to respond to allegations

-- October 10, 2018 15:24:58

Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week. At...

Turkey migrant boat capsize leaves four dead; 30 missing

-- October 10, 2018 15:01:34

Four people died after a migrant boat sank off the western coast of Turkey late on Tuesday, the Turkish interior ministry said on Wednesday, adding that 30 others were still missing. The boat sank of...

SE Asian stocks extend losses

-- October 10, 2018 14:40:05

Southeast Asian shares extended losses on Wednesday as the investor sentiment took a hit after the IMF said risks to the global financial system could increase sharply. Philippine shares fell 1.0 p...

Asian shares mixed in mute trade

-- October 10, 2018 13:31:39

Asian shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth. Japan’s benchmark Nikkei 225 slipped 0.2 per cent to 23,414.4...

Four die in Bahrain building collapse, 20 injured

-- October 10, 2018 13:18:11

An apartment building collapsed in Bahrain’s capital late on Tuesday leaving at least four people dead and 20 injured, the interior ministry said. Three bodies were found at the site in Manama&...

Guatemalan ex-VP gets 15 years in jail over ‘Magic Water’ scandal

-- October 10, 2018 11:57:29

A court in Guatemala has sentenced the former vice-president, Roxana Baldetti, to 15 years and six months in jail for her role in what became known as the ‘Magic Water’ scandal. Prosecuto...

Global debt balloons to record $182 trillion: IMF

Reuters October 10, 2018 11:43:00

Global debt levels reached a record $182 trillion in 2017, having grown 50 per cent in the previous decade, but the picture looks less grim when public assets are taken into account, the International...

China starts anti-halal campaign in Xinjiang

-- October 10, 2018 11:25:23

The capital of China’s Xinjiang region, home to the mostly Muslim Uighur minority, has launched a campaign against halal products to stop Islam penetrating secular life and fuelling “extre...

Southeast Asian stocks fall in dull trading

-- October 09, 2018 14:38:06

Southeast Asian stock markets were subdued on Tuesday, tracking weakness in broader Asia as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets....

Google goes global with 10 events for new Pixel phones

-- October 09, 2018 14:36:07

Alphabet Inc’s Google will unveil the third edition of its Pixel smartphone at 10 media events across the world on Tuesday, a hint that it is prepared to expand geographic distribution of a devi...

Turkey detains 90 over suspected links to Kurdish militants

-- October 09, 2018 12:55:37

Turkish authorities detained 90 people on Tuesday over suspected links to the outlawed Kurdistan Workers Party (PKK) militant group, the Interior Ministry said. The operation across eight provinces w...

Not yet approached by Pakistan for bailout: IMF

-- October 09, 2018 12:42:33

Pakistan has not yet formally approached the International Monetary Fund for financial assistance, but if bailout talks get underway this week, the goal will be to help Pakistan reach its full potenti...

Venezuela's annual inflation hits 488,865 pc in Sept

-- October 09, 2018 12:29:26

Venezuelan consumer prices rose 488,865 per cent in the 12 months ending in September as the country’s hyperinflation continues to accelerate amid a broader economic collapse. Daily inflation i...

Protests erupt in Venezuela over jailed lawmaker's death

-- October 09, 2018 11:16:23

Protesters in Venezuela have accused the government of murdering a jailed opposition lawmaker, who the authorities say killed himself. Crowds were calling for justice at a rally outside the Sebin int...

Asia stocks at 17-month low as China lets yuan slip

-- October 09, 2018 11:03:40

Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currenci...

IMF cuts global growth forecasts on trade policy tensions

-- October 09, 2018 10:36:19

The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on comm...

Mideast stocks mixed at opening

-- October 08, 2018 16:31:28

Most major Middle Eastern stock markets opened little changed on Monday, while Dubai’s Drake and Scull erased earlier gains to fall in heavy trade, despite approval from a majority of its shareh...

Two Americans win Nobel Economics Prize

-- October 08, 2018 16:28:34

Two American economists, William Nordhaus and Paul Romer, won the 2018 Nobel Prize in Economic Sciences for integrating climate change and technological innovation into macroeconomic analysis. The Ro...

European shares slip as risk-off sentiment spreads

-- October 08, 2018 16:27:32

European shares fell on Monday as fears a trade war could have a bigger impact than expected on China added to concerns that rising US interest rates are gradually making stock markets less attracti...

Emerging market stocks' descent to 17 month lows entices US investors

-- October 08, 2018 16:17:07

The steep decline in emerging market stocks since early this year are attracting some US fund managers who think they may find long-term bargains amid the sell-off. Portfolio managers from Harding Lo...