Indonesia Dec trade surplus at $1 bln, well below forecast
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
Turkey’s Halkbank shares jump after U.S. prosecution put on hold
Turkey’s Halkbank shares climbed more than 8% on Monday after a U.S. appeals court put its prosecution by the federal government, for allegedly helping Iran evade American sanctions, on hold while the bank appeals to the U.S. Supreme Court.
Credit Suisse says its revamp intact despite chairman’s exit over COVID-19 breaches
Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of COVID-19 rules, the embattled bank’s new chairman said on Monday.
European stocks gain ahead of earnings; China adds stimulus
European shares were slightly higher in early trading on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week.
Euro zone mulls how to make governments respect EU fiscal rules
Euro zone finance ministers will start a discussion on Monday on how to change the often-broken EU fiscal rules so that governments actually observe them, a euro zone official said.
Ford crosses $100 bln in market value for the first time
Ford Motor Co’s (F.N) market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker’s electrification strategy.
Analysis: Risk of catching Omicron abroad delays airline recovery
Before the Omicron variant of coronavirus burst onto the scene in November, retired Australian Glenn Turnley was looking forward to a three-week trip to Japan, Britain and France in March – his first overseas jaunt since the pandemic began.
German economy grew 2.7% in 2021 after plunge of 4.6% in 2020
The German economy failed to return to its pre-pandemic size in 2021 as microchip shortages hit production in the car industry and further COVID-19 restrictions slowed down the recovery of Europe’s largest economy, data showed on Friday.
Exclusive: China agrees with U.S. to release oil reserves near Lunar New Year
China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters.
UK economy finally bigger than before pandemic in November
Britain’s economy grew strongly in November to finally surpass its size just before the country went into its first COVID-19 lockdown, official data showedon Friday.
