German exports fall for second straight month

German exports fell for the second month in a row in September as Europe’s top economy grapples with global supply shortages, official data showed Tuesday.
9 November 2021, 18:00 PM

UAE to audit all gold refineries in crackdown on illicit trade

The United Arab Emirates will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, it told Reuters, in an effort to combat illicit trading.
8 November 2021, 18:00 PM

Asian markets mixed as inflation plays against recovery optimism

Asian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the United States and China, while tourism-linked firms rallied on optimism about the global reopening after Pfizer said its pill to treat Covid was highly effective.
8 November 2021, 18:00 PM

China’s meat imports drop to 20- month low

China’s meat imports in October fell from a year ago to their lowest in 20 months, customs data showed on Sunday, as cheap domestic pork cut demand for overseas supplies.
8 November 2021, 18:00 PM

Oil gains after US infrastructure bill passes

Oil prices rose on Monday on the back of positive signs for global economic growth, supporting energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude.
8 November 2021, 18:00 PM

Tesla sold 54,391 China-made vehicles in October

US electric vehicle maker Tesla Inc sold 54,391 China-made vehicles in October, including 40,666 for export, the China Passenger Car Association (CPCA) said on Monday.
8 November 2021, 18:00 PM

Some investors look to diversify amid big tech rally

Rising valuations and hefty year-to-date gains for big technology stocks are pushing some investors to diversify away from the sector that has led markets for years.
8 November 2021, 18:00 PM

Australia vows to sell coal ‘for decades’

Australia said Monday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change.
8 November 2021, 18:00 PM

Mobile payments firm Paytm kicks off India’s biggest IPO

India’s biggest-ever initial public offering opened Monday with digital payments platform Paytm looking to raise nearly $2.5 billion, in what has already been a record year for share listings.
8 November 2021, 18:00 PM

Japan economic stimulus seen topping $265b

Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain from the Covid-19 pandemic, a plan that would require issuing new debt, Kyodo news reported.
8 November 2021, 18:00 PM

Dollar firms as US inflation poses next test

The dollar slipped on Monday, falling below the 15-month highs it hit after Friday’s jobs data, as investors reassessed rate hike expectations and central banks’ tolerance of inflation.
8 November 2021, 18:00 PM

Sydney Airport poised to sell for $17b

Sydney Airport announced Monday it had agreed to a US$17 billion takeover bid by an Australian investor consortium, just days after reopening to international travel.
8 November 2021, 18:00 PM

China’s forex reserves rise for first time since July

China’s foreign exchange reserves in October rose on a monthly basis for the first time since July, official data showed on Sunday, as the dollar slipped against a basket of other major currencies.
7 November 2021, 18:00 PM

China’s trade surplus with US stands at $40.75b

China’s trade surplus with the United States was $40.75 billion in October, Reuters calculations based on customs data showed on Sunday, down from $42 billion in September. For the first ten months of the year, the surplus was $320.67 billion.
7 November 2021, 18:00 PM

Startups eye post-pandemic tele-health revolution

From mental health apps to a helmet that can shock a patient’s brain remotely, startups at this year’s Web Summit are betting on a major shift towards “tele-medicine” as the world emerges from the pandemic.
7 November 2021, 18:00 PM

Chinese delivery riders on the edge

Handing over a piping hot meal at exactly the time promised, Chinese food delivery driver Zhuang Zhenhua triumphantly tapped his job as complete through the Meituan app -- and was immediately fined half of his earnings.
7 November 2021, 18:00 PM

India, Indonesia and Philippines join coal transition programme

India, Indonesia and the Philippines will join South Africa as the first recipients of a multibillion dollar pilot programme aimed at accelerating their transition from coal power to clean energy, the Climate Investment Funds (CIF) said on Thursday.
6 November 2021, 18:00 PM

US Democrats pass $1t infrastructure bill

After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.
6 November 2021, 18:00 PM

US economy adds 531,000 jobs in October: govt

The US economy added 531,000 jobs last month and the unemployment rate dropped to 4.6 per cent, the government reported Friday, a better-than-expected result indicating hiring is resurging as Covid-19 infections decline.
6 November 2021, 18:00 PM

Shortages hit French, German industrial output

Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday showed.
6 November 2021, 18:00 PM