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  • BUSINESS

    Global debt dominates G20 finance talks

    AFP, Published on 17/07/2023

    » GANDHINAGAR, India: G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy.

  • BUSINESS

    Hong Kong cancels trading as typhoon nears

    Bloomberg News, Published on 17/07/2023

    » HONG KONG: Hong Kong cancelled trading on the city’s $5.2 trillion stock market on Monday because of typhoon Talim.

  • BUSINESS

    Waiting for the dominoes to fall

    Business, Post Reporters, Published on 17/07/2023

    » Thai politics stands at a crossroads as an attempt to form a new government by eight coalition parties was blocked by military-appointed senators during the vote for a premier in parliament last week.

  • BUSINESS

    Britain signs treaty to join trans-Pacific trade pact

    Published on 16/07/2023

    » AUCKLAND, New Zealand: Britain on Sunday formally signed the treaty to join a major trans-Pacific trade pact, becoming the first new country to take part since its inception in 2018 and opening the way for members to consider other applications including from China and Taiwan.

  • BUSINESS

    China's express delivery sector continues expansion in June

    Published on 16/07/2023

    » BEIJING: China's courier sector registered expansion in June, according to a monthly industry index.

  • BUSINESS

    Thailand affirmed at BBB+, outlook stable

    Business, Published on 15/07/2023

    » Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. Among the key ratings drivers are:

  • BUSINESS

    EV sector may face new chip shortage

    Business, Lamonphet Apisitniran, Published on 15/07/2023

    » Electric vehicle (EV) manufacturers may encounter another chip shortage following China's recent decision to restrict the export of two metals as a result of the US-China trade dispute, says the Federation of Thai Industries (FTI).

  • BUSINESS

    Asian markets jump as US inflation cools

    Business, Published on 15/07/2023

    » RECAP: Asian stocks rose for a fifth straight day on Friday, on course for their best week this year, as cooling US inflation stoked speculation that the Federal Reserve could pause interest-rate increases after this month.

  • BUSINESS

    Oil Prices Predicted to Recover Amidst Global Economic Rebound

    Published on 14/07/2023

    » The average price of ICE Brent crude oil in the second quarter of 2023 (April 1 - June 30, 2023) remained stable at $77.75 per barrel, indicating tighter supply in the market compared to the previous quarter. Following the OPEC and its allies (OPEC+) meeting on April 3, 2023, a consensus was reached to reduce crude oil production by 2 million barrels per day until the end of 2023. Additionally, several countries, including Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Iraq, Algeria, Kazakhstan, and Gabon, volunteered to implement additional production cuts totalling 1.16 million barrels per day from May to December 2023. Furthermore, Russia extended its planned production cut by 500,000 barrels per day from March to June 2023 until December 2023. As a result, the total production reduction from May to December 2023 stands at 3.66 million barrels per day.

  • BUSINESS

    Delay poses risks to the economy

    Business, Phusadee Arunmas, Published on 14/07/2023

    » The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.

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