SYDNEY: Australia's economy expanded by more than expected last quarter, easing the risk of a recession even as raging bushfires and the coronavirus crisis wreaked havoc with tourism and travel at the start of the new year. The threat from the epidemic prompted the Reserve Bank of Australia (RBA)...
India's Supreme Court overturned on Wednesday a central bank ban forbidding lenders to facilitate banking transactions for cryptocurrency exchanges and traders, removing a major hurdle for the development of the sector.
PIPLI PAHAR, Pakistan: Pakistan's farmers are struggling to combat the worst locust plague in nearly three decades as insect swarms decimate entire harvests in the country's agricultural heartlands and send food prices soaring. Heavy rains and cyclones sparked "unprecedented" breeding and the ...
WASHINGTON: The World Bank unveiled a US$12 billion aid package on Tuesday (Mar 3) that will provide fast-track funds to help countries combat the coronavirus outbreak. "The goal is to provide fast, effective action that responds to country needs," World Bank President David Malpass told reporters ...
NEW YORK: Wall Street stocks finished sharply lower on Tuesday (Mar 3), reflecting skepticism at a surprise Federal Reserve interest rate cut while the 10-year US Treasury hit an all-time low. The Dow Jones Industrial Average ended at 25,917.41, down 2.94 per cent, a loss of 785.91 points. The ...
SINGAPORE: Singapore’s factory activity contracted sharply in February, amid an ongoing COVID-19 outbreak that has disrupted global supply chains and affected production in the region. The Singapore Purchasing Managers’ Index (PMI) fell 1.6 points from the previous month to 48.7 in February, the ...
SINGAPORE: A “tripartite level" effort is needed to support mid-career workers in their 40s and 50s, amid concerns over job security among these employees, said Trade and Industry Minister Chan Chun Sing on Tuesday (Mar 3). “They have significant financial commitments as they provide for their ...
The World Bank said it would announce a package of financial and technical support later on Tuesday to assist with the health and economic impacts of the global coronavirus outbreak.
Thermo Fisher Scientific Inc has agreed to buy German genetic testing company Qiagen in a US$11.5 billion deal as the U.S.-based group looks to bolster its health diagnostic business.
PARIS: European stock indices were solidly higher on Tuesday (Mar 3) following a surprise rate cut by the US Federal Reserve, but off their peaks as analysts wondered about the real-world impact of the monetary policy move. At 1530 GMT, London's FTSE index was up 1.9 per cent, Frankfurt was 1.8...
