HSBC signals rate rise profit windfall has peaked even as payouts rise
HSBC (HSBA.L)Â dampened investors' expectations of a sustained income bonanza from rising global interest rates, even after Europe's biggest bank reported a 92%...
U.S. trade agency sees negotiating new WTO rules to rein in China as futile
The report also reflects the United States’ continued frustration with the WTO’s inability to curb what it sees as China’s trade-distorting non-market economic policies and offered little hope that situation could change soon
Indian extradited to US from Singapore in call centre fraud
WASHINGTON:Â Singapore has extradited an Indian national to the United States to face charges in a call centre fraud that scammed millions of...
Oil prices rise on signs that Iranian crude exports fall further
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source
Euro on back foot with lira, emerging market peers seen vulnerable
Investors are nervous the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account deficit and rely on foreign capital
Robotaxis, cheap EVs, and a new master plan for the future
SAN FRANCISCO: Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This...
Dollar climbs as Evergrande uncertainty swirls
NEW YORK: The dollar was on track for its biggest daily percentage gain against a basket of major currencies in a week...
Oil prices fall slightly as US fuel inventories rise
Singapore: Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.
U.S....
US trade deficit at three-year low as imports tumble
WASHINGTON: The US trade deficit fell to a more than three-year low in November as imports declined further, weighed down by the...
India moves to curb sales of Chinese products to govt agencies
--Sellers instructed to declare the country of origin for goods and services purchased via a state-run online portal
--RSS economic wing lauds decision,...
Nepal detains 122 Chinese for suspected cybercrime and bank fraud
KATHMANDU: Police in Nepal have detained 122 Chinese men and women in its biggest crackdown on crime by foreigners entering the country...
Asian stock markets fall after China move
The Shanghai Composite Index fell 0.2 percent to 2,883.20 and Tokyo’s Nikkei 225 lost 0.5 percent to 22,409.55
US to extend licence allowing its companies to continue business with Huawei
WASHINGTON: The Trump administration is set to issue a two-week extension of a license allowing US companies to continue doing business with...
Exxon to cut 14,000 global jobs as pandemic hurts demand
Exxon Mobil Corp said on Thursday it could cut the number of global employees by 15pc and would lay off about 1,900...
Baker Hughes posts $10bn loss as oil sector demand tanks
Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion (8.09 billion pounds) first-quarter loss and revenue fell more than expected...