Economy

News Hour: The Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to cut oil production in a surprise move aimed at boosting stubbornly weak crude prices. The news triggered an immediate spike of more than...

News Hour: Growth in Southeast Asia’s largest economy is expected to continue at a healthy pace this year and next, even as the country faces a number of short term headwinds, says a new report by...

News Hour: Economic developments in Cambodia in 2016 have broadly unfolded as expected, says a new Asian Development Bank (ADB) report released today. ADB, in an update of its flagship annual economic publication, Asian Development Outlook...

News Hour: Iran introduced credit cards for the first time on Sunday. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran...

News Hour: A woman’s allure is a matter of small and subtle details for Giorgio Armani in his spring/summer 2017 “Charmani” collection presented on Friday during Milan Fashion week. Appearing charming and sophisticated, she attracts attention...

News Hour: China invested more money abroad last year than foreign firms piled into the country, data showed on Thursday, a first for the world’s second-largest economy as Beijing looks overseas as part of its drive...

News Hour: Oil prices rose by 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost...

News Hour: Asian markets mostly rose on Monday as traders gear up for huge central bank meetings in the US and Japan this week, hoping authorities press on with their loose monetary policies. Concern that years...

News Hour: World oil prices sank lower this week on gloomy market forecasts, profit-taking and ever-present worries over the global supply glut, ahead of a producers’ meeting on September 26-28. The Paris-based International Energy Agency (IEA)...

News Hour: Oil prices edged up after tanking the previous day but the gains were limited following fresh US stockpiles data and the prospect of a boost in Libyan output, reports BSS. Both main contracts tumbled...