Most Read Today

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Sterling erases gains as traders weigh UK's next moves

25/09 Sterling erased earlier gains in a choppy session on Friday as investors hoped Britain's new scaled-back job support scheme would be followed by other fiscal measures but feared talks about a move to sub-zero. . .  Full story

What we know about China's 'dual circulation' economic strategy

09/09 China has unveiled a "dual circulation" strategy to cut its dependence on overseas markets and technology in its long-term development, a shift brought on by a deepening rift with the United States.. . .  Full story

Most Read Yesterday

India BPCL sale may be delayed to FY22, worsening federal deficit woes - sources

25/09 India's efforts to privatise refiner Bharat Petroleum Corp. Ltd. could spill over into the next fiscal year, according to a government document and sources, hurting New Delhi's efforts to rein in a ballooning fiscal deficit.. . .  Full story

Dollar resumes its rally, showing strongest week since early April

25/09 The dollar gained ground on Friday and measured its biggest weekly gain since early April as investors worried about a slowing economic recovery, rising coronavirus infections in Europe, uncertainty about U.S. stimulus, and. . .  Full story

Sterling erases gains as traders weigh UK's next moves

25/09 Sterling erased earlier gains in a choppy session on Friday as investors hoped Britain's new scaled-back job support scheme would be followed by other fiscal measures but feared talks about a move to sub-zero. . .  Full story

Lloyd's of London CEO expects appeal over UK business insurance judgment

24/09 Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed.. . .  Full story

Most Read This Month

U.S. agrees to pay South Carolina $600 mln and dispose of plutonium

31/08 The U.S. Energy Department said on Monday it has reached a settlement with South Carolina on removing weapons-grade plutonium by 2037 from a Cold War-era site and shipping most of it to a disposal. . .  Full story

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Indian shares close slightly higher on global cues

07/09 Indian shares ended slightly higher on Monday as investors looked past surging coronavirus infections at home and took cues from global shares, which edged up following a Wall Street-led rout in technology stocks last week.. . .  Full story

Dollar loses ground as stocks gain on stimulus hopes

24/09 The U.S. dollar lost ground as equities gained in volatile trading on Thursday with investors betting on the prospects for a new U.S. stimulus package to boost the coronavirus-battered economy after data showed. . .  Full story

VW-backed battery maker QuantumScape to go public at $3.3 bln valuation

03/09 QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG, said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of $3.3 billion.. . .  Full story

Pound whipsawed as UK butts heads with EU over post-Brexit life

09/09 Sterling hit a six-week low below $1.29 on Wednesday before bouncing back above $1.30 as Britain unveiled draft legislation for post-Brexit life, stoking concern that trade talks with the European Union could be derailed.. . .  Full story

Dollar weakness gives currencies a boost

01/09 Central European currencies firmed on Tuesday, as FX markets paid little attention to regional manufacturing surveys and focused on the weakening dollar instead. The dollar has been hit by fears about. . .  Full story

Canadian dollar hits 6-week low as Wall Street tumbles

21/09 The Canadian dollar fell to a near six-week low against its broadly stronger U.S. counterpart on Monday, as oil prices declined more than 4% and rising coronavirus infections weighed on investor sentiment.. . .  Full story

Global banks seek to contain damage over $2 trillion of suspicious transfers

21/09 Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds. . .  Full story

KKR to invest $755 mln in retail arm of India's Reliance

23/09 Private equity firm KKR & Co Inc will invest $755 million in the retail unit of Reliance Industries Ltd, the Indian conglomerate said on Wednesday, bringing the total funding in Reliance Retail to $1.78 billion. . .  Full story

Australian dollar slips on RBA speech, kiwi eyes rate decision

22/09 The Australian dollar reversed early gains on Tuesday after a senior central banker flagged the prospect of policy options including currency market intervention and negative interest rates.. . .  Full story

C$ hits 6-week low as COVID-19 sparks 'tsunami of risk aversion'

23/09 The Canadian dollar fell to a six-week low against its broadly stronger U.S. counterpart on Wednesday as investors ditched commodity-linked currencies due to worries about rising coronavirus cases, while Ottawa promised more economic support.. . .  Full story

Indian shares end lower as banks drop; pharma shines

18/09 Indian shares gave up early gains to end lower on Friday as banking stocks fell in afternoon trading, with HDFC Bank closing at a month's low, although a jump in pharma stocks capped losses. . .  Full story

China's Aug export orders shake off COVID gloom, fuelling factory expansion - Caixin PMI

01/09 China's factory activity expanded at the fastest clip in nearly a decade in August, bolstered by the first increase in new export orders this year as manufacturers ramped up production to meet rebounding demand,. . .  Full story

Banks, Reliance drag Indian shares lower; IT stocks surge on HCL outlook

14/09 India's main stock indexes snapped two sessions of gains to end a tad lower on Monday, dragged by banks and heavyweight Reliance Industries Ltd , although a rally in IT stocks after HCL Technologies raised. . .  Full story

Latest on the worldwide spread of coronavirus

20/09 As European countries introduce new restrictions to curb a sharp resurgence in the number of coronavirus infections, Britain says it is at a "tipping point" in efforts to contain COVID-19 and avoid a second. . .  Full story

LSE picks Euronext as preferred bidder for Borsa Italiana

18/09 London Stock Exchange entered exclusive talks to sell Borsa Italiana to Euronext on Friday, with the French operator seeing off Deutsche Boerse and Switzerland's Six as it bids to add another bourse to its pan-European. . .  Full story

Angola negotiates $6.2 bln debt relief from creditors - IMF

21/09 Angola will receive $6.2 billion in debt relief over the next three years thanks to agreements lined up with three of its major creditors, the International Monetary Fund (IMF) said in a report released. . .  Full story

Tabreed plans to issue up to $1 bln in bonds

09/09 Dubai-listed National Central Cooling Co (Tabreed) is planning a potential issuance of up to $1 billion in bonds or sukuk with a tenor of up to 30 years, it said in a stock exchange. . .  Full story

Trump to shut off TikTok, WeChat to new U.S. users on Sunday

18/09 The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security. . .  Full story

Silver Lake to invest $1 bln in retail arm of India's Reliance

09/09 Reliance Industries Ltd said on Wednesday U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business, helping the Mukesh Ambani-controlled company widen its lead as India's biggest retailer.. . .  Full story