Malaysia, Singapore’s biggest source for sea sand, has banned the export of the commodity, according to officials in Kuala Lumpur, a move that traders said could complicate the island-state’s ambitious expansion plans on reclaimed land. Those plans include the development of the Tuas mega port, slated
LONDON: Fresh trade war fears weighed on global stocks on Wednesday before a US Federal Reserve meeting, with the dollar holding firm and Britain›s pound subdued on growing fears of a no-deal Brexit. Combative warnings from US President Donald Trump cast a shadow over Sino-U.S. trade talks, which concluded
ROME: Italy’s biggest bank by assets, UniCredit, plans to review its corporate structure and could ring-fence its foreign operations from its systematically risky home market, two sources said. The bank is seeking an adviser to help with the review, one of the sources familiar with the matter said, confirming reports in Italian dailies
Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the US and global economies.
European stocks and US equity futures were higher on Wednesday after a report fuelled optimism about progress in US-China trade talks, offsetting disappointment about the size of potential US interest rate cuts. Global shares had opened weaker after comments by Federal Reserve Chairman Jerome Powell and St. Louis
It is unfortunate that the US-China trade war has entered a new phase at a time when the global growth itself remains shaky. Indications that negotiations would resume some time
Stock indexes worldwide rebounded on Wednesday, and the euro and pound sterling bounced back as easing geopolitical concerns and upbeat economic data from China
LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests
NEW YORK: Wall Street treaded water on Wednesday after moves in the US bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.