Topnotch infrastructure in Qatar’s maritime sector has played a significant role in positioning the country among the world’s leading hubs for local and foreign trade flows ...
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said yesterday.
Japan’s core inflation slowed to its weakest in about two years in June, underlining policymakers’ long battle to boost consumer prices and adding to speculation the Bank of Japan could deliver more stimulus later this month.
China is keeping all its economic policy tools within reach as the trade war with the United States gets longer and costlier, but still sees more aggressive action like interest rate cuts as a last resort should the dispute get uglier, policy sources say.
Interglobe Aviation Ltd, which operates India’s top airline IndiGo, yesterday said it expected passenger capacity to grow by nearly a third this fiscal year, as the company reported its highest-ever quarterly profit in the June quarter, benefiting from the collapse of Jet Airways.
European markets closed little changed yesterday while Wall Street was largely flat as investors waited on a widely expected US interest rate cut to give a clear lead. Continued uncertainty about the US-China trade stand-off despite some positive commentary
Asian markets rallied yesterday as comments from a top Federal Reserve official were pounced on by investors as indicating the central bank will unveil a deep interest rate cut at the end of the month.
After beating almost all rivals in China with 45% return in one equity fund, investor Qu Yang is shifting his money into Hong Kong. The money manager at Qianhai Kaiyuan Fund Management Co has boosted the proportion of Hong Kong shares in one of his winning funds to more than 30%
Anticipation of ECB rate cuts put German yields on track for their biggest weekly drop in seven weeks yesterday, while Italian borrowing costs were set for a seventh week of declines despite rising off 3-year lows hit the previous day.
Treasury Secretary Steven Mnuchin said there is no change in the US’s dollar policy “as of now” but wouldn’t rule out a shift at some stage in the future. There has been “no change to the dollar policy,” he said during an interview on Thursday following a Group of Seven finance ministers’