Markets South African rand flat, hovers near 2-month low JOHANNESBURG: South Africa's rand was flat in early trade on Wednesday, hovering near two-month lows as it struggled for Published 07 Aug, 2019 10:17am
Markets NZ shares soar on hefty rate cut, Australian market snaps 5-day slump New Zealand's stock market rallied on Wednesday after the nation's central bank stunned investors with a steep 50 basis Published 07 Aug, 2019 09:18am
Markets China stocks down for 6th day on trade war fears SHANGHAI: China stocks ended lower on Wednesday posting their sixth straight session of losses, amid persistent worries Published 07 Aug, 2019 09:16am
World France denies report that Macron invited Rouhani to G7 summit PARIS: French President Emmanuel Macron has not invited Iranian President Hassan Rouhani to the G7 summit to be held in Published 07 Aug, 2019 08:43am
Business & Finance Thailand central bank unexpectedly cut policy rate by 25 bps to 1.50pc BANGKOK: Following is Wednesday's statement from Thailand's central bank after it surprisingly cut the benchmark one-day Published 07 Aug, 2019 08:37am
World UK house prices unexpectedly fall in July LONDON: British house prices unexpectedly dropped for a second month in a row in July, pushing the annual growth rate to Published 07 Aug, 2019 08:32am
Markets China iron ore slides for 5th day on rising supply, weak demand outlook MANILA: Most ferrous metals in China's futures markets remained under pressure on Wednesday, with iron ore extending its Published 07 Aug, 2019 08:31am
Markets TOCOM gains on firm Shanghai futures BEIJING:* Tokyo Commodity Exchange (TOCOM) futures rose on Wednesday, tracking Shanghai futures market The benchmar Published 07 Aug, 2019 08:29am
World Malaysia's international reserves up at $103.9 bn, as of July 31 KUALA LUMPUR: Malaysia's gross international reserves rose to $103.9 billion, as of July 31, from $103.3 billion on July Published 07 Aug, 2019 08:28am
Business & Finance China state banks seen supporting yuan to steady declines SHANGHAI/SINGAPORE: China's major state-owned banks have been active in the yuan forwards markets this week, sources sai Published 07 Aug, 2019 08:18am
Markets Major Gulf markets rebound as U.S.-China trade war simmers Major Gulf markets rebounded on Wednesday, mostly on back of their financial shares, after U.S. President Donald Trump d Published 07 Aug, 2019 08:16am
Markets Yuan extends slide though China seen curbing losses, Asian currencies on edge Asian currencies remained on the back foot on Wednesday as the yuan continued to weaken despite signs Chinese authoritie Published 07 Aug, 2019 08:04am
Markets Gold hits over 6-year high as trade jitters spark safe-haven rush Gold prices jumped 1% on Wednesday to their highest in more than six years, as the trade war between China and the Unite Published 07 Aug, 2019 08:01am
Markets Kiwi, Aussie tumble, yen rises on RBNZ rate cut shock TOKYO: The Aussie and kiwi dollars skidded to multi-year lows on Wednesday after New Zealand's central bank shocked mark Published 07 Aug, 2019 07:55am
Business & Finance JGBs rally after RBNZ follows big rate cut with hint at negative rates TOKYO: Japanese government bond futures hit a record high and yields hit multi-year lows after New Zealand's central ban Published 07 Aug, 2019 07:52am
Business & Finance ABN Amro Q2 profit rises despite anti-money laundering costs AMSTERDAM: Dutch bank ABN Amro on Wednesday reported an unexpected rise in second-quarter profit, despite incurring extr Published 07 Aug, 2019 07:51am
Business & Finance New Zealand's central bank stuns as bold 50bp rate cut bowls over kiwi dollar WELLINGTON: New Zealand's central bank stunned markets on Wednesday by cutting interest rates a steep 50 basis points an Published 07 Aug, 2019 07:50am
Business & Finance Commerzbank's targeted rise in 2019 net profit "ambitious" FRANKFURT: Commerzbank on Wednesday posted net profit in the second quarter that was little changed from a year ago, hel Published 07 Aug, 2019 07:46am
Markets Yuan slips as trade tensions build, state bank support slows decline SHANGHAI: China's yuan weakened on Wednesday, weighed by an escalation in Sino-U.S. trade tensions and the central bank' Published 07 Aug, 2019 07:44am
Markets Tokyo's Nikkei closes lower as strong yen weighs TOKYO: Tokyo's key Nikkei index closed lower Wednesday, extending its losing streak to the fourth day as investors remai Published 07 Aug, 2019 07:39am