Business

China’s post-pandemic rebound hasn’t materialized and it faces mounting economic obstacles. Beijing is grappling with declining trade and foreign investment, a shaky housing market, and deflation. Experts say most of China’s issues are self-inflicted, and warn that policies must change […]

SYDNEY – ANZ Group Holdings’ A$4.9 billion (S$4.31 billion) deal to buy Suncorp Group’s banking arm was blocked by the Australian regulator, which cited competition concerns. The Australian Competition and Consumer Commission (ACCC) decided not to grant merger authorisation for […]

BRASILIA, Brazil (AP) — Brazilian President Luiz Inácio Lula da Silva said Wednesday that he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa. The group will hold […]

A United States congressional committee on China is investigating asset-management giant BlackRock and index provider MSCI, saying they were facilitating investments into blacklisted Chinese companies, underscoring how tense relations between the two countries are rippling out into the corporate world. […]

The brilliant and late economic historian Angus Maddison estimated that India was the world’s largest economy for a staggering one and a half millennia. China surpassed India by 1820 but they remained the world’s two largest economies until 1870, when […]

THE African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have announced the signing of a landmark memorandum of understanding (MoU) which aims at fostering closer collaboration and driving financial market development and integration on […]

MUSCAT: Bank Muscat, the leading financial services provider in the Sultanate of Oman, organized special meetings for customers in the wilayat of Musanah and Suhar in Al Batinah Governorate titled “Financial and Retail Wealth Planning”. These events come in translation […]

US Treasury officials visited Hong Kong in June to urge the city’s central bank, financial institutions and other groups to curb the flow of advanced American-made technology into Russia, the Nikkei reported. Three officials from the Treasury Department’s terrorist financing […]

In just six years of operation, Africa50(link is external) has invested more than $6.6 billion in critical infrastructure, African Development Bank Group President Dr. Akinwumi Adesina said Monday during the Africa50 Infra Forum and General Shareholders Meeting in Lomé.  It was attended […]

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off foreign investment. Inflation has rocketed, the rupee has reached a record low against the dollar, […]