World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new US-Iran confrontation intensified.
Looking out at his empty, red-earth field, Thai farmer Puang Timdon said his two-week-old maize crop didn’t stand a chance against the fall armyworm pest.
To promote ease of doing business and to support its customers Jebel Ali Free Zone (Jafza), the GCC’s largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce Protection Programme initiative that is set to roll out in September of this year.
A wide range of development projects are underway in the UAE’s east coast emirate of Fujairah as it seeks to diversify its economy. The Port of Fujairah, its adjacent anchorage and the Fujairah Oil Industry Zone, FOIZ, are already well-established as the second largest oil bunkering centre in the world,
A weak monsoon season will not only impact agricultural production, but also subdue consumption and consequently slowdown the country’s economic growth.
India met its fiscal deficit target for 2018-19, which came in at 3.39 per cent of gross domestic product (GDP), slightly lower than 3.4 per cent estimated in the revised estimates of the budget, on the back of an increase in non-tax revenue and lower
A global equity bounce stemming from softer rhetoric by US President Donald Trump on the trade dispute with Beijing waned on Wednesday as grim China data and fresh Italian debt woes cast a shadow over global markets.
The bond market is again pointing to fears of recession as the yield curve between three-month and 10-year rates inverts amid escalating trade tensions between China and the United States - one of five big themes set to dominate markets this week. Moody’s has warned that a trade war could tip the US economy into recession next year.
The Turkish economy shrank sharply year on year for the second straight quarter in early 2019, laying bare the impact of a punishing currency crisis and soaring inflation and interest rates against a tense political backdrop.