Business
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China consumer prices rise at slower rate in October
Nov 10, 2024China’s consumer inflation rate slowed in October, official data showed Saturday, in a sign that demand remains sluggish in the world’s number two economy. The slowdown comes as authorities have been seeking to boost domestic activity... -
Asia’s markets rally stuttered on Friday
Nov 9, 2024Asia’s markets rally stuttered on Friday after early gains as traders struggled to keep up with another Wall Street record following the Federal Reserve’s interest rate cut, while they were also weighing the outlook with another... -
China’s consumer inflation rate slowed in October
Nov 9, 2024China’s consumer inflation rate slowed in October, official data showed Saturday, in a sign that demand remains sluggish in the world’s number two economy. The slowdown comes as authorities have been seeking to boost domestic activity... -
Nissan announces 9,000 job cuts, slashes sales forecast
Nov 9, 2024Japanese automaker Nissan said it was “facing a severe situation” and lowered its 2017 sales projection on Thursday, announcing 9,000 job losses. “Nissan will reduce its global workforce by 9,000 and cut global production capacity by... -
Bitcoin hits new all-time high, surpassing $76,000
Nov 7, 2024According to Binance, the price of bitcoin increased 9.30% to $76,400, surpassing the previous record high. But at 0:22 Moscow time, the price of Bitcoin had slowed to $75,900 (+9.24%). Any user or system participant can... -
Ryanair reported falling net profit for the Q2
Nov 6, 2024Irish budget airline Ryanair reported falling net profit for the second quarter on Monday following a drop in ticket prices. Chief executive Michael O’Leary warned that Ryanair’s full-year results “will be subject to avoiding adverse developments”,... -
Asian markets fluctuated on Tuesday
Nov 6, 2024Asian markets fluctuated Tuesday as traders jockeyed for position a day before results from the US presidential election rolled in, with opinion polls showing the vote on a knife-edge as the two candidates wrapped up their... -
Chinese Premier Li Qiang is “fully confident” China would hit its economic goals this year
Nov 6, 2024Chinese Premier Li Qiang said Tuesday he was “fully confident” the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more. China’s leaders have set an... -
Saudi Aramco reported a 15 percent year-on-year drop in Q3 profit
Nov 6, 2024Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 “was... -
EBL to finance two ICDDR,B projects
Nov 5, 2024In order to alleviate water constraint in coastal Bangladesh and handle medical waste, Eastern Bank Ltd. (EBL) and the International Centre for Diarrhoeal Disease Research, Bangladesh (ICDDR,B) have struck an agreement. According to a press release,...
