By Clare Jim HONG KONG – China’s pledges to shore up its embattled property industry have done little to boost prospects for the sector, according to developers, with access to…
BERLIN – The leaders of Germany, the United States, France, Britain and Italy agreed in a phone call on Tuesday afternoon to keep pushing Russia for a ceasefire and for…
By Uditha Jayasinghe COLOMBO – A Sri Lanka government-appointed committee on Monday said the crisis-hit country’s central bank and finance ministry must form a team to seek urgent international financial…
SHANGHAI – Shipments of smartphones within China fell 31.8% year-on-year to 14.5 million handsets in February, the China Academy of Information and Communications (CAICT) reported on Monday. Shipments were down…
PARIS – French government spokesman Gabriel Attal said on Tuesday it was paramount that French companies respect sanctions against Russia decided by the European Union and that oil giant TotalEnergies…
ZURICH – The Swiss government wants to set up a new backstop allowing the provision of state-guaranteed cash should one of the country’s big banks fail, it said on Friday,…
WASHINGTON – A majority of the U.S. House of Representatives on Wednesday voted to approve a $1.5 trillion bill that would provide $13.6 billion in aid for Ukraine and fund…
– U.S. House of Representatives Majority Leader Steny Hoyer said on Tuesday that lawmakers aim to debate and pass on Wednesday the bill to fund the U.S. government through Sept.…
By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged the government to consider measures…
BERLIN – Suspending Russia from the SWIFT global interbank payments system would be technically difficult to arrange and would have a massive impact on transactions for Germany and German businesses…
MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday. Their portfolio rose to 419.62 billion euros ($468.84 billion) last month,…
By Ahmed Hagagy KUWAIT -Kuwait’s government owes 2.35 billion dinars ($7.78 billion) in late payments to public entities, according to the finance ministry, in a sign of a deepening cash…
By Nupur Anand, Aftab Ahmed and Scott Murdoch MUMBAI – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances from company management that it…
WASHINGTON – A temporary funding bill that would keep the federal government running through March 11 and avoid a potential partial shutdown cleared a procedural hurdle in the U.S. Senate…
(Corrects day of the week in first paragraph) TOKYO – Japanese consumers’ one-year forward expected inflation rate rose to 2.43% in February, a Consumer Affairs Agency survey showed on Wednesday,…
BERLIN – Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade on Monday after Germany’s Finance Minister said the government would not keep its stake in the lender…
SHANGHAI – U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned…
By Aftab Ahmed and Manoj Kumar NEW DELHI -State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government…
TOKYO – Japan’s consumer confidence fell in January for a second month, the government said on Monday, as the rapid spread of the Omicron coronavirus variant dampened shoppers’ mood. A…
MEXICO CITY – AT&T’s top executive in Mexico has urged the government to place limits on its telecom rival America Movil and keep it out of new markets to ensure…
By Nathan Allen MADRID – Spain’s economy expanded at its fastest pace in two decades last year but slowed down in the fourth quarter as public and private spending slipped…