Economics

Japanese yen rises as investors seek havens after Abe shooting

Japan’s yen rose on Friday as investors sought safe havens following reports that former Japanese Prime Minister Shinzo Abe had been shot.

Wealthy Mideast nations boost spending to protect citizens from inflation

BEIRUT — As prices of basic commodities balloon around the world, Saudi Arabia and the United Arab Emirates — which have both benefited…

Sri Lankas central bank raises key rates to curb inflation

COLOMBO, Sri Lanka -- Sri Lanka’s Central Bank has raised its key interest rates to their highest levels in more than 20 years to try to…

Chinese real estate developers accept watermelons wheat and garlic as payment

Compelled by the deep recession in property market, real estate companies in China have now started accepting payments for homes in watermelons…

Banking frauds of over ₹100 crore see significant decline in FY22

Number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21

Frauds in the banking sector involving…

Britons cannot expect pay rises to keep up with inflation Treasury warns

Britons cannot expect pay rises to keep up with the soaring cost of living, the government has warned.

Treasury Chief Secretary Simon Clarke…

Stocks set to extend tumble on Friday Traders await Bank of Japans decision

Stocks are set to extend a selloff Friday on deepening fears of an economic downturn amid sharply tighter monetary policy around the world to tackle…

Russian coal miners moving from Europe to India as war upends commodity flows

The invasion of Ukraine has upended commodity flows, with one of the greatest dislocations being the re-routing of Russian coal from lucrative European…