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Chokepoints could cripple trade
News, Published on 16/01/2024
» When traffic through the Suez Canal ground to a halt in 2021, the extraordinary cost and disruptions to global commerce seemed overwhelming. But 8,000 kilometres from the canals of Suez and Panama lie even more important shipping lanes, chokepoints that could cripple global trade should any disaster befall them.
Markets rise as deaths slow in hotspots: Virus update
Published on 06/04/2020
» Germany and Spain reported lower numbers of new cases, a tentative sign that lockdown measures are easing the outbreak.
Europe tightens curbs with economic toll worsening: Virus update
Published on 17/03/2020
» Governments in Europe tightened curbs on free movement to stem the outbreak and are exploring ways to ease the financial impact. US Treasury Secretary Steven Mnuchin is rallying Senate Republicans to quickly pass the House package of economic measures. Goldman Sachs Group now expects China’s economy to contract by 9% in the first quarter and Hong Kong’s jobless rate rose to a nine-year high. The Philippines became the first country to shut its markets in response to the widening coronavirus outbreak and some regulators in Europe banned short selling. US equity futures and European stocks reversed gains.
'Sleeping elephant' awakens
Asia focus, Narendra Kaushik, Published on 20/08/2018
» Umesh Thakur says he has never had it so easy and comfortable. The 30-year-old lentil vendor in Greater Noida, 40 kilometres east of New Delhi, has more than doubled his profits, built a new house, opened a new shop and bought furniture, a deep-freezer and two high-end mobile phones in the last six months.
Baht, bonds set for weekly advance
Bloomberg News, Published on 15/03/2013
» Thailand’s baht was poised for its fourth weekly advance and government bonds rose as global funds boosted holdings of local debt after Fitch Ratings raised its assessment of the Southeast Asian nation.