Showing 1 - 10 of 437
Stock markets rise as US inflation data, ECB rate loom
AFP, Published on 12/09/2023
» NEW YORK - Global markets rose on Monday at the start of a busy week that includes the release of key US inflation data and a European Central Bank decision on interest rates.
China developer Evergrande plunges on resuming Hong Kong trading
AFP, Published on 28/08/2023
» HONG KONG - Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on Monday morning after the lifting of a 17-month trading suspension.
Saudi Arabia slashes output further to boost oil price
AFP, Published on 05/06/2023
» VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.
Argentina ramps interest rate to 97% as inflation soars
AFP, Published on 16/05/2023
» BUENOS AIRES: Argentina's central bank hiked its base interest rate Monday by six points to 97% as the government prepares to announce a spate of measures to tackle soaring inflation ahead of October's general election.
EU parliament approves world's most sweeping cryptocurrency rules
AFP, Published on 21/04/2023
» STRASBOURG, France: The European Parliament approved the world's first comprehensive rules to regulate the "Wild West" world of cryptocurrencies on Thursday, hoping to protect investors against abuse and manipulation.
ECB sticks to planned rate hike despite turmoil
AFP, Published on 16/03/2023
» FRANKFURT: The European Central Bank stuck to a planned interest rate increase on Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.
Musk faces backlash as Twitter suspends journalists
AFP, Published on 17/12/2022
» SAN FRANCISCO - Twitter owner Elon Musk drew anger and stern warnings from the UN and EU on Friday after suspending the accounts of half a dozen prominent journalists -- accusing them of endangering his family.
FTX collapse gives crypto sector 'another black eye'
AFP, Published on 09/11/2022
» NEW YORK: Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion at the beginning of the year -- came as a shock.
Renault to reorganise towards electric future
AFP, Published on 08/11/2022
» PARIS - French automaker Renault will pitch investors Tuesday on its planned green revamp, with two spin-offs: a new electric-vehicle unit and a subsidiary for thermal and hybrid assets.
Shell posts more bumper profits on high energy prices
AFP, Published on 27/10/2022
» LONDON - British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter, as oil and gas prices remain strong despite recent slides on easing supply fears.