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  • Financial News

    ECB’s Kazimir calls for ending bond buying in August -Bloomberg

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    FRANKFURT – European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favour of ending the ECB’s bond-buying programme, which were designed to boost inflation …

  • Financial News

    Singapore Finance Minister announces $372 million jobs support package

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    SINGAPORE – Singapore’s Finance Minister Lawrence Wong announced a S$500 million ($372 million) package to support jobs and businesses as part of his budget proposals on Friday. Singapore’s government has …

  • Financial News

    China central bank warns of default risks after climate stress test

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    SHANGHAI – China’s banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu Guiping, vice governor of the …

  • Financial News

    Fund managers predict volatile first half for risk assets

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the …

  • Financial News

    British warehousing firm Segro rides surge in demand for quick delivery

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    -British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a 20% jump in annual profit, …

  • Financial News

    UAE and India to sign trade, investment deal on Friday

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    DUBAI -The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries’ two leaders, the UAE and Indian …

  • Financial News

    China to boost commodity price supervision in push for industrial growth

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    BEIJING -China’s state planner will take steps to stabilise the commodity market and hasten construction of new infrastructure, it said on Friday, in the effort to promote steady industrial growth. …

  • Financial News

    Exclusive-India makes record U.S. soyoil purchases as drought parches South America

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    By Rajendra Jadhav MUMBAI – Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at …

  • Financial News

    Shortage of Suzuki car mirrors reflects Sri Lanka’s growing economic crisis

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is …

  • Financial News

    Renault CFO Delbos steps down to steer its Mobilize EV brand

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    PARIS -Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief …

  • Financial News

    China Orient Asset Management gets approval to issue bonds to resolve risks in property sector

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    SHANGHAI – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market to resolve risks in the …

  • Financial News

    Malaysia’s January exports rise 23.5% on-year

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    KUALA LUMPUR – Malaysia’s exports rose 23.5% from a year earlier in January, government data showed on Friday. Imports in January grew 26.5% year-on-year, while the trade surplus for the …

  • Financial News

    Cineworld gets extension on payments to former Regal shareholders

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    – Cineworld has reached an agreement to delay final payments to disgruntled former shareholders of its U.S. division Regal, the theatre chain said on Friday, as the debt-laden British company …

  • Financial News

    Marketmind: A break in the storm clouds

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    A look at the day ahead in markets from Saikat Chatterjee Markets breathed a sigh of relief after the U.S. Secretary of State Antony Blinken agreed to a meeting with …

  • Financial News

    China issues new measures to spur COVID recovery for services sector

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    BEIJING -China’s state planner on Friday issued rules to promote a faster recovery from the COVID-19 pandemic in the services sector, including providing tax incentives to the catering, retail, tourism …

  • Financial News

    France unemployment hits 13-year low in boost for Macron

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    By Leigh Thomas PARIS -France’s unemployment rate fell in the final quarter of last year to the lowest level since 2008, data showed on Friday, boosting Emmanuel Macron’s economic credentials …

  • Financial News

    Indonesia sees first annual current account surplus in a decade

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    By Gayatri Suroyo JAKARTA – Indonesia booked a current account surplus for the first time in a decade in 2021, data showed on Friday, but its balance of payments came …

  • Financial News

    Australian state sets minimum pay for Amazon contractors in landmark step

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    By Byron Kaye SYDNEY -Australia’s New South Wales state ordered employers of freelance delivery drivers such as Amazon.com Inc to pay a minimum rate, a decision hailed by a union …

  • Financial News

    Norwegian Air swings to profit after restructuring

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    OSLO -Norwegian Air reported on Friday a full-year profit for 2021 in a turnaround from losses suffered the previous year, and said booking trends point to busier travel ahead for …

  • Financial News

    S.Africa’s Discovery forecasts jump in half-yearly profit

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    – South African insurer Discovery forecast on Friday a higher half-yearly profit, supported by new clients at its health insurance business and adequate provisions to cushion the impact of coronavirus-related …

  • Financial News

    Japan’s inflation may exceed 1% but stay below BOJ goal, says central bank official

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    TOKYO – Japan’s consumer inflation may exceed 1% but will remain distant from the central bank’s 2% target, a senior Bank of Japan official said on Friday. “Japan’s economy has …

  • Financial News

    Chinese cities ease home purchase down-payments to reignite demand

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    BEIJING -A handful of Chinese cities are starting to relax down-payment rules for home purchases in a bid to re-ignite buyer interest and put a floor under local economies weakened …

  • Financial News

    Tesla changes S.Korea ads after antitrust probe faulted batteries

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    SEOUL – Tesla Inc changed an advertisement about the driving range for its Model 3 in South Korea after an antitrust regulator found that the automaker exaggerated the specifications of …

  • Financial News

    Sime Darby Plantation posts Q4 profit, says output to pick up

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    KUALA LUMPUR – Malaysia’s Sime Darby Plantation Berhad reported a higher fourth-quarter net profit on Friday, fuelled by rising prices of palm oil, and said it expected production to pick …

  • Financial News

    South Africa’s Massmart flags wider annual loss of $106 million

    by Reuters February 18, 2022
    by Reuters February 18, 2022

    JOHANNESBURG -South African retailer Massmart Holdings flagged on Friday a wider annual loss of up to 1.6 billion rand ($106 million), hurt by store damage and lower trading income due …

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