WASHINGTON — Roughly half the nation’s business economists say they think the U.S. economy will slip into recession by the end of next year, and three-fourths envision such a downturn beginning by the end of 2021. The finding comes from the latest survey by the National Association for […]
SHANGHAI – Chinese stocks posted their biggest single-day gains in more than three years on Monday after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods thanks to “productive” trade talks.Trump said that he and Chinese President Xi Jinping would meet to […]
BERLIN – Finance Minister Olaf Scholz said he expected Germany to escape recession, pointing to a subdued but upward trend in its and Europe’s economies. With the risk of trade conflicts and Britain’s looming European Union exit as a backdrop, recent data has pointed to a marked slowdown […]
JIAXING, China/NEW YORK – When Kevin Chiu left his job in 2012 to try his luck at starting an online apparel business in a rural Chinese city, his main goal was to carve out more time to spend with his wife and newborn child. It never entered his […]
Jet Airways Ltd’s largest lender State Bank of India (SBI) said on Monday media reports on the state-run bank referring the debt-laden carrier to the National Company Law Tribunal (NCLT) to recover loans were “speculative”, and that no such decision had been taken. Reports earlier said SBI was […]
BARCELONA – South Korea’s LG Electronics unveiled a 5G smartphone on Sunday with a dual screen, the latest handset maker to pitch a new design feature in an effort to revive flagging sales. The two screens on the new V50ThinQ work independently, so a user can watch a film […]
HARARE – Zimbabwe’s government has a trust problem as it introduces a discounted currency in a bid to reverse chronic cash shortages that left people struggling to get hold of basic goods. Business people and economists welcomed last week’s decision to abandon an unrealistic dollar peg for the […]
SINGAPORE : Oil prices dipped on Monday, dragged down by plentiful supply as U.S. exports soar and compete with traditional producers from the Middle East in key markets such as Asia. But markets were supported by optimism that Washington and Beijing would soon resolve a series of trade disputes […]
Gold prices rose on Monday as the dollar fell against the yuan after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods, while palladium surged to a record high. Spot gold rose 0.2 percent to $1,330.48 per ounce at 0532 GMT. U.S. […]
Indian shares followed their Asian peers higher after U.S. President Donald Trump confirmed he would delay a planned tariff increase on Chinese imports, allaying fears around global growth. Asian shares scaled a 5-month peak as talks between Washington and Beijing showed they were making “substantial progress”. Earlier in […]
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