Big US companies are accelerating efforts to move more of their supply chains from China to neighboring countries in light of Trump administration tariffs.
Read More »WeWork shakes up commercial real estate – like it or not
With its free coffee, couches and glass partitions, shared workspace startup WeWork has shaken up both office culture and commercial real estate.
Read More »‘Canary in the coal mine’: Singapore woes ring trade alarm bells
A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore’s economy, with analysts saying the figures offer a warning that Asia is heading for a slowdown as China-US tensions bite.
Read More »Coal-dependent Poland to compensate industry for carbon costs
Poland’s parliament on Friday adopted measures to compensate its industry struggling to cope with surging electricity bills triggered by higher EU carbon emission costs.
Read More »Iran tanker seizure lifts oil prices, dents US stocks
Oil prices rallied and US stocks tumbled Friday following news of a tanker attack in the Middle East as investors considered the size of an expected Federal Reserve interest rate cut later this month.
Read More »India’s Reliance reports 6.8% rise in profits
Indian conglomerate Reliance Industries on Friday reported a 6.8 percent rise in consolidated net profit despite a slowdown in its oil refining business.
Read More »France to lead search for European candidate to head IMF
French Finance Minister Bruno Le Maire said Thursday he will lead talks on finding a single European candidate to succeed Christine Lagarde as head of the International Monetary Fund (IMF).
Read More »Asian markets rally on fresh hopes for steep Fed rate cut
Asian markets rallied Friday 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.
Read More »Bangladesh’s RMG to enter Brazil, Russia within 18 months
Commerce Minister Tipu Munshi today said that the Bangladeshi RMG export items would be able to enter the markets of Brazil and Russia within the next one and a half years.
Read More »Asian shares inch up as cautious investors await US data, earnings
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.17%, with losses in Chinese shares capping gains elsewhere in the region. China’s blue-chip CSI300 index was 0.4% lower.
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