China and Russia have almost completely phased out their use of the US dollar in bilateral trade, Russian Prime Minister Mikhail Mishustin has said. In a meeting with Chinese and Russian officials this week, Mishustin said more than 90% of […]
Almost two-thirds of British exporters have said selling to the EU has become harder in the past year, according to the British Chambers of Commerce, which is calling on the government to do more to smooth trade frictions post-Brexit. Three […]
Oil was stable after three days of gains as traders weigh surging US production against the ongoing threats of Houthi attacks on ships in one of the world’s most important waterways. Global benchmark Brent futures pared a decline of as […]
India’s exports face a shortfall of about $4 billion to $5 billion this year after it clamped curbs on trade in wheat, rice and sugar, a person familiar with the matter said on Thursday, adding that Red Sea attacks may […]
The world economy is losing steam. With forecasts for both output and trade well below the long-term average, reviving growth has become a top priority for policymakers everywhere. One underappreciated tool at their disposal is trade finance. It is no secret that countries that […]
Dubai has emerged as a true ‘live, work, play’ city that is now on par with major global hub cities. This is what the global real estate consulting firm Knight Frank concluded when it released its most recent research, Rise […]
Annual inflation may approach 8% in Russia this year, President Vladimir Putin said on Thursday, a day before the central bank is widely expected to hike interest rates to 16% to rein in price rises. Most analysts polled by Reuters […]
As more Chinese money flows into Mexico, the United States and Mexico on Thursday agreed to monitor foreign investments and regularly share information about the screening process. The U.S. is becoming “more deeply integrated with Mexico,” Treasury Secretary Janet Yellen […]
Abu Dhabi Commercial Bank (ADCB) has signed an agreement to divest 80 percent stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a real estate subsidiary of EIH Ethmar International Holding […]
Chinese economic leaders released their plan for 2024 naming industrial policy as their top priority, much to the dismay of investors who wished to see a stimulus to boost overall growth. In turn, many Chinese stocks began to trend downward […]
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