BEIJING: China’s imports from Russia dropped in July, the first monthly decline since February 2021 when imports of oil and other goods began steadily rising after the outbreak of conflict in Ukraine, Chinese customs data showed on Tuesday (Aug 8). China’s imports from Russia shrank 8 per cent to US$9.2 […]
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Meta boss Mark Zuckerberg has said he is “not holding his breath” over a proposed cage fight with rival Elon Musk. In a post on the new social media app Threads, Zuckerberg said he had proposed 26 August for the showdown. Responding to a post on X in which Musk […]
BENGALURU: Paytm’s founder and CEO, Vijay Shekhar Sharma, will buy a 10.3 per cent stake valued at US$628 million in the company from its largest shareholder, in a bid to simplify its ownership structure, the fintech company said in a filing on Monday (Aug 7). Sharma’s stake purchase from Antfin […]
TOKYO : The dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England’s decision to downshift to […]
BEIJING : China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs on Australian barley imports that had been in place for three years affecting billions of dollars of trade, as the two nations repair strained ties. China and Australia agreed in April to resolve their […]
TOKYO : Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. Many countries, including Japan, are relying on domestic consumption to underpin growth while the risk of global recession persists. Output rose […]
PARIS: Elon Musk is rebranding his Twitter platform as “X” and wants to create a super-app where users will do all their finances as well as their socialising. His inspiration is China’s WeChat, which dominates the Chinese internet with chat, payments, games and a host of other functions in its […]
SINGAPORE : The dollar fell on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank’s (ECB) rate decision later in the day. The Fed on Wednesday raised interest rates by a quarter […]
SEOUL : South Korea’s export decline likely accelerated in July amid persistently weak demand from China, a Reuters survey showed on Thursday, signalling a bumpy road towards recovery. Outbound shipments were expected to extend their run of year-on-year losses to a 10th straight month with a 14.5 per cent fall […]
TOKYO : Japan’s government on Tuesday left its own projections unchanged for achieving a primary budget surplus in the fiscal year ending in March 2027 – lagging by a year from its ambitious target, according to twice-yearly projections by the Cabinet Office. Prime Minister Fumio Kishida’s government pledges to bring […]