Business

Oil pared earlier gains as traders weighed additional Russian supplies against further Chinese economic stimulus, with thin summer volumes exacerbating swings. West Texas Intermediate traded near $80 a barrel. Russia’s seaborne crude flows soared to an eight-week high, countering a move by China’s […]

The UAE President has appreciated the BRICS leadership for including the Emirates as a member to “this important group”. BRICS is an acronym for the emerging economies of Brazil, Russia, India, China and South Africa. The bloc agreed at its […]

The leaders of Brazil, Russia, India, China, and South Africa are meeting in Johannesburg from Aug. 22 to 24 Prince Faisal bin Farhan is heading the Saudi delegation participating in the BRICS Plus and BRICS Africa Dialogue JOHANNESBURG, South Africa: […]

 Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off three employees. One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments […]

Treasury Secretary Janet Yellen said China’s economic snags pose some risks to the US. “China’s slowdown will have the largest impact on its Asian neighbors, but there will be some spillovers to the United States.” But Yellen remains upbeat about […]

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 […]