Economy

News Hour: China’s retail sales rose 10.2 percent year- on-year in July, Chinese government statistics showed on Friday, missing expectations in a disappointing sign for growth in the Asian giant, reports BSS. The figure was a...

News Hour: Oil prices continued to fall on Wednesday,driven in part by elevated US crude inventories and Saudi Arabia’s record oil production, reports BSS. On the New York Mercantile Exchange, a barrel of West Texas Intermediate...

News Hour: Global gold demand grew by 15 percent to 1,050 tonnes in the second quarter of 2016, mainly driven by considerable investment demand, World Gold Council (WGC) said in its latest report, reports BSS. The...

News Hour: New Zealand’s central bank cut interest rates by 0.25 percent to a new record low of 2.0 percent on Thursday. The reduction was in line with market expectations, and the bank indicated more cuts...

News Hour: Oil prices fell slightly on world markets on Tuesday, with investors taking profits after consecutive rises in recent days, reports BSS. A barrel of West Texas Intermediate for September delivery fell 25 cents to...

News Hour: Oil edged higher to near $42 a barrel in Asia on Monday but analysts said the increase was unlikely to last as the commodity remains under pressure by a supply glut and a strong...

News Hour: The Asian Development Bank (ADB) and United Amara Bank (UAB) signed today a trade finance agreement to provide guarantees of up to $4 million a year to support trade in Myanmar. UAB is the...

News Hour: Oil prices dropped below the $40 dollar mark in New York for the first time since April as bear markets continued. A supply glut, weak demand, and expectations of increasing production have sent prices...

News Hour: The Asian Development Bank (ADB) has raised Rs5 billion (about $74 million) from its issuance of 5 year offshore Indian rupee (INR) linked bonds. This was ADB’s third bond issue in the offshore INR-linked...

News Hour: Oil prices retreated to the lowest level in three months on Wednesday after US data showed an unexpected increase in commercial stockpiles of oil and gasoline, reports BSS. With the latest increases, commercial oil...