Thursday, Sep 29, 2022

Asia needs 1.7 trillion dollars a year till 2030 to keep up growth pace: ADB

February 28, 2017 4:51:26 pm

The 1.7 trillion dollars annual climate-adjusted estimate is more than double the 750 billion dollars that ADB estimated in 2009.

SE Asia stocks cautious ahead of Trump speech

February 27, 2017 11:28:15 am

Janet Yellen is also scheduled to deliver a speech on economic outlook on Friday.

India, Norway discuss strengthening bilateral ties in fishery

February 16, 2017 7:22:36 pm

Both countries can cooperate in developing and introduction of climate smart fishing techniques to increase the export of marine products.

Dollar knocked back after 11 days of gains

February 16, 2017 3:20:47 pm

The dollar has struggled since Donald Trump's election, due at least in part to concerns over his protectionist views and signs he may favour a weaker currency.

Amid protests, China aluminum firm says eco standards met

February 15, 2017 10:01:58 am

The 46 billion yuan (USD 6.7 billion) plant proposed by aluminum producer Zhongwang Holdings would create more than 30,000 jobs.

UK inflation hits highest since June 2014 as fuel prices surge

February 14, 2017 5:45:29 pm

. Consumer prices increased by 1.8 percent compared with a year earlier, picking up from 1.6 percent in December, and prices paid by factories jumped by more than 20 percent

China to increase Russian oil imports in 2017 as petrochemical group buys Urals crude

February 14, 2017 4:59:15 pm

Shandong Wonfull Petrochemical Group bought about 2 million barrels of Urals crude for delivery in February and May, two sources with knowledge of the matter told Reuters.

Nikkei edges down, Toshiba slumps as investors brace for earnings report

February 14, 2017 9:01:19 am

Toshiba shares slumped 2.0 percent as investors wait on its earnings at 0300 GMT.

China’s yuan weakens, money rates fall as People’s bank of China resumes open market operations

February 13, 2017 11:51:09 am

The yuan opened at 6.8910 per dollar and was changing hands at 6.8849 at midday, 74 pips weaker than the previous late session close but 0.07 percent firmer than the midpoint.

China steel capacity rises in 2016, despite closures, says Greenpeace

February 13, 2017 9:24:19 am

Greenpeace estimated there was a net capacity increase of 36.5 million tonnes in 2016.

Dollar bounces modestly after drop, lower US yields limit gains

February 9, 2017 10:29:28 am

The euro was down 0.1 percent at $1.0678, edging back towards a one-week low of $1.0640 reached on Wednesday on heightened European political woes.

China’s yuan firms, corporates step up dollar sales

February 8, 2017 10:44:22 am

Traders said a stronger dollar quickly attracted companies to sell their holdings of the currency.