MANILA: Philippine annual inflation quickened in May for the first time in eight months, but analysts say a slowing economy and lack of price pressures this year will likely mean more policy easing.The consumer price index in May rose 3.2 percent from a year earlier due to a rise in food and utility prices, the…
MANILA: Philippine annual inflation quickened in May for the first time in eight months, but analysts say a slowing economy and lack of price pressures this year will likely mean more policy easing.The consumer price index in May rose 3.2 percent from a year earlier due to a rise in food and utility prices, the…
MANILA: Philippine annual inflation quickened in May for the first time in eight months, but analysts say a slowing economy and lack of price pressures this year will likely mean more policy easing.The consumer price index in May rose 3.2 percent from a year earlier due to a rise in food and utility prices, the…
LONDON: The Saudi oil minister, Khalid Al-Falih, claimed there was an emerging consensus among OPEC+ oil producers over a need to ensure market stability, in an exclusive interview with Arab News. The disclosure comes ahead of a key meeting of oil producers later this month which is set to deter- mine whether existing produc- tion…
LONDON: The Saudi oil minister, Khalid Al-Falih, claimed there was an emerging consensus among OPEC+ oil producers over a need to ensure market stability, in an exclusive interview with Arab News. The disclosure comes ahead of a key meeting of oil producers later this month which is set to deter- mine whether existing produc- tion…
LONDON: In “Billions,” a US television show set in the world of hedge funds, traders at the fictional Axe Capital regularly attend sessions with an in-house psychiatrist. In real life, finance professionals are rarely so open about seeking psychological help. On Wall Street and in the City of London, hyperambition and an “always on” attitude…
LONDON: The economic growth rate in Abu Dhabi is set to rise to 3 percent by 2022, up from 1.9 percent last year, ratings agency S&P said in a report distributed on Sunday.Real gross domestic product (GDP) growth is estimated at 2 percent this year, the agency added.“We forecast gradually rising real GDP growth, on…
LONDON: The Middle East is the worst performing region for airline profitability, with regional carriers’ losses set to deepen this year, an industry report said on Sunday.Airlines in the region are expected to see a combined net loss of $1.1 billion this year, $100 million more than in 2018, the International Air Transport Association (IATA)…
LONDON: The economic growth rate in Abu Dhabi is set to rise to 3 percent by 2022, up from 1.9 percent last year, ratings agency S&P said in a report distributed on Sunday.Real gross domestic product (GDP) growth is estimated at 2 percent this year, the agency added.“We forecast gradually rising real GDP growth, on…
INTERVIEW: John Carey, ADNOC Distribution deputy CEO — fueling a forecourt revolution in Saudi Arabia John Carey wants ADNOC Distribution to be an “outside-in” company, meaning that what is all-important is how it is perceived by investors, trade partners and, above all, customers. It is an approach that will be key as the Abu Dhabi…
INTERVIEW: John Carey, ADNOC Distribution deputy CEO — fueling a forecourt revolution in Saudi Arabia John Carey wants ADNOC Distribution to be an “outside-in” company, meaning that what is all-important is how it is perceived by investors, trade partners and, above all, customers. It is an approach that will be key as the Abu Dhabi…
INTERVIEW: John Carey, ADNOC Distribution deputy CEO — fueling a forecourt revolution in Saudi Arabia John Carey wants ADNOC Distribution to be an “outside-in” company, meaning that what is all-important is how it is perceived by investors, trade partners and, above all, customers. It is an approach that will be key as the Abu Dhabi…
BEIJING: China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.Beijing’s move hits $60 billion worth of US goods with new punitive tariffs ranging from five…
BEIJING: China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.Beijing’s move hits $60 billion worth of US goods with new punitive tariffs ranging from five…
NEW DELHI: Indian Prime Minister Narendra Modi on Friday surprised markets by naming Nirmala Sitharaman, formerly the country’s defense minister, as the next finance minister at a time when Asia’s third-largest economy is stuttering.Amit Shah, chief of the Hindu nationalist Bharatiya Janata Party (BJP), was appointed as the minister of home affairs, giving him responsibility…
ISTANBUL: The Turkish economy contracted 2.6 percent year-on-year in the first quarter, in line with expectations, as the official data reinforced the country’s slide into recession after last year’s currency crisis.The major emerging market economy, which has a track record of more than 5 percent growth, has been rocked by a 36 percent tumble in…
COLOMBO: Sri Lanka’s central bank cut its main lending rate Friday in a bid to revive the island’s economy, which was battered by the Easter suicide bombings that killed 258 people.The Central Bank of Sri Lanka said the rate at which it lent to commercial banks was reduced by 50 basis points to 8.5 percent…
COLOMBO: Sri Lanka’s central bank cut its main lending rate Friday in a bid to revive the island’s economy, which was battered by the Easter suicide bombings that killed 258 people.The Central Bank of Sri Lanka said the rate at which it lent to commercial banks was reduced by 50 basis points to 8.5 percent…
COLOMBO: Sri Lanka is planning to raise up to $1.5 billion via sovereign bonds, tapping global capital markets for the second time within three months, a government document showed on Thursday.Government officials said the move was to capitalize on favorable market conditions.It comes nearly six weeks after suicide bombers killed more than 250 people in…
BEIJING: China accused the United States of “naked economic terrorism” on Thursday as Beijing ramps up the rhetoric in their trade war.The world’s top two economies are at loggerheads as trade talks have apparently stalled, with US President Donald Trump hiking tariffs on Chinese goods earlier this month and blacklisting telecom giant Huawei.“We are against…
