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Business 17 Jul 2019 | 12:00 AM

Amlak close to restructuring US$1.2bil with creditors

Dubai: Amlak Finance PJSC is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property slump, according to sources.

Business 02 Jul 2019 | 10:50 PM

Emerging central banks keep cutting rates

LONDON: Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone.

Business 10 Apr 2019 | 12:00 AM

Currencies of emerging markets flashing a warning

SINGAPORE: The year has been great so far for risk assets from stocks to credit, and emerging-market assets have joined in the party. Except, recently, for their currencies.

Economy 22 Jan 2019 | 12:00 AM

South Asia has world's highest real interest rates

SINGAPORE: Real interest rates in South Asia are among the highest in the world, raising the prospect of more dovish monetary policy in the region.

Business 03 Jan 2019 | 12:00 AM

Oil price volatility continues

SEOUL: Oil’s beginning 2019 with the same price volatility that marked the end of last year as uncertainty over crude output and the health of the global economy keep investors wary.

Business 31 Dec 2018 | 12:00 AM

Italian parliament passes budget in confidence vote after EU deal

ROME: The Italian parliament on Saturday passed the government’s 2019 budget just ahead of an end-year deadline, following last week’s deal with the European Commission which calmed financial markets and averted a risk of fines against Rome.

Forex 19 Nov 2018 | 10:12 AM

Yuan weakens as trade tensions, easing pressures persist

HONG KONG: The yuan dropped against the dollar on Monday as the United States kept up pressure on China in their bitter trade dispute and as expectations grew that China’s central bank could cut lending rates to combat weakening economic growth.

Markets 15 Nov 2017 | 8:45 AM

Hong Kong stocks end down, resources and industrial firms weigh

HONG KONG: Hong Kong stocks followed other Asian markets lower, dragged down by resources and industrial firms, amid worries over China's economic growth after sluggish economic data.

Corporate News 11 Jul 2017 | 7:30 AM

China sovereign fund CIC profit rises, seeks more US direct investment

BEIJING: China’s sovereign wealth fund China Investment Corp (CIC) posted a 1.88% rise in 2016 net profit to US$75.3 billion, boosted by stronger returns from its overseas portfolio.