Economic Crisis

Sri Lanka to present debt restructuring, IMF bailout plans to creditors

Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its…

3 years ago

Global corporate profits to fall 8% in Q3 after record Q2 – data

Global corporate profits in the third quarter are likely to fall for the first time in 18 months after record…

4 years ago

‘What a run!’: German exports jump despite supply bottlenecks

German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a…

4 years ago

Cooling measures doing little to slow New Zealand’s housing boom

Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government's efforts to rein in the…

4 years ago

Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs

Singapore's DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay…

4 years ago

Italy’s Treasury under siege over Monte dei Paschi deal

Italy's Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi's employees and Siena's local economy, after…

4 years ago

China’s industrial profit growth slows in June on high raw material prices

Profit growth at China's industrial firms slowed for the fourth straight month in June, as high raw material prices weighed…

4 years ago

LVMH shares edge higher as sales and profits rise

LVMH's (LVMH.PA) shares eged higher on Tuesday after the world's biggest luxury goods group posted higher sales and profits, driven…

4 years ago

Fed meeting may test low U.S. Treasury yields

The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following…

4 years ago

With $4 billion in losses, Heathrow tells UK: open up travel

London's Heathrow Airport urged Britain on Monday to open up travel to vaccinated passengers after its recovery fell behind Europe,…

4 years ago