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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.

World 15 Jul 2019 | 6:33 PM

'They bombed our livelihoods' - Sri Lanka's tourism firms struggle after attacks

UNWATUNA/GALLE, Sri Lanka (Reuters) - Pearl Divers, a diving school on one of Sri Lanka's most popular southern beaches, shut shop for two months after suicide bombers attacked churches and hotels on the island on Easter Sunday, killing about 250 people. It had no customers as tourists cancelled holidays, and its manager Nuwan Harshana says he took two months leave and a pay cut.

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.

World 29 Oct 2018 | 11:26 PM

Brazil's far-right president-elect eyes close U.S. ties

RIO DE JANEIRO (Reuters) - Jair Bolsonaro, the far-right former Army captain who won Brazil's presidential weekend election, said on Monday he would press ahead with loosening gun laws this year and planned to visit Washington D.C. after a friendly call with U.S. President Donald Trump.