CHICAGO, Aug 7 (Xinhua): Gold futures on the COMEX division of the New York Mercantile Exchange rose yesterday as tensions mounted on borders between Russia and Ukraine, boosting demand for safe haven assets. The most active gold contract for December...
LONDON, Aug 07 (AFP): Oil prices hit fresh multi-month low points on Thursday as markets gear up for an expected drop in US gasoline demand, while worries about potential supply disruptions have subsided. US benchmark West Texas Intermediate for delivery...
MOSCOW, Aug. 7 (Xinhua): Russian President Vladimir Putin has signed a decree banning or limiting the import of agricultural products from countries that imposed sanctions on Moscow, the Kremlin press office said yesterday. The decree, which came immediately into force,...
LONDON, Aug 7 (Reuters): Nickel prices rose by up to 2.3 per cent on Thursday, lifted by the closure of a mine in Papua New Guinea and the prospect that wider Western sanctions against Russia could soon affect the major...
HOUSTON, Aug. 7 (Xinhua): Technological advances will allow energy firms to pump more crude out of oil plays and drive US oil production to as high as 14 million barrels per day in 2016, an oil company executive said yesterday....
CHICAGO, Aug. 7 (Xinhua): Chicago agricultural commodities closed higher yesterday as tensions in Ukraine led to a rush of short covering. The most active corn contract for December delivery rose 7 cents, or 1.91 per cent, to close at 3.7425...
FE report | 2014-08-08 00:00:00
Local banks, enterprises and trade bodies are in favour of introducing 'international factoring' on an experiment basis at the initial stage as the practice is still unfamiliar to most of the local stakeholders like banks and exporters, a study has...
FE Report | 2014-08-08 00:00:00
The Bangladesh Infrastructure Finance Fund Ltd (BIFFL), a new state-run financial institution, has provided loan amounting to Tk 1.0 billion to a private company for setting up a power plant in Munsiganj. It was the first loan of BIFFL since...
WASHINGTON, Aug. 7 (Xinhua): This week's US-Africa Leaders Summit wrapped up yesterday after the announcement of 33 billion US dollars in investment commitments, highlighting Washington's shift toward a focus on trade with the continent, experts say. The unprecedented event, which...
NEW DELHI, Aug 7 (AFP): India's cabinet has approved plans to open its defence and railways industries to foreign investment as new Prime Minister Narendra Modi's right-wing administration moves to reform and revive the ailing economy. The cabinet agreed late...
Spanish factories raise output MADRID, Aug 7: Spanish factories boosted production in the year to June for the eighth month in a row, official data showed Monday, as a hesitant economic recovery gathered strength. Spanish industry pushed up output by...
NEW DELHI, Aug 7 (AFP): India's central bank governor, renowned for forecasting the 2008 financial meltdown, has warned that the world economy faces risk of another market crash as asset prices surge. Increasing global financial instability stems from investors chasing...
BRUSSELS, Aug 7 (Xinhua): The European Union (EU) and Canada on Wednesday finished negotiations on the Comprehensive Economic and Trade Agreement (CETA), said an EU official statement. Following last October's breakthrough on the political issues regarding the free trade agreement...
COLOMBO, Aug 7 (Reuters): Sri Lanka's central bank chief said on Thursday there is a greater chance of a cut in key monetary policy rates than a hike, despite the IMF's advice to keep key rates on hold for the...
LONDON, Aug 7 (AFP): British finance minister George Osborne said Wednesday the government would further explore the potential of digital currencies such as Bitcoin. The regulation of virtual and digital currencies, and the risks associated with them, will be examined...
FRANKFURT, Aug 7 (AFP): The European Central Bank held its key interest rates unchanged at its regular policy meeting Thursday, two months after easing monetary conditions in the 18-country euro area. As widely expected, the ECB's decision-making governing council decided...
HELSINKI, Aug 7 (Xinhua): While voicing his support for the latest round of EU sanctions against Russia, Finnish Prime Minister Alexander Stubb admitted that it will exert a significant indirect impact on the Finnish economy. He told a press conference...
NCOSIA, Aug 7 (Xinhua): Moody's international ratings agency has maintained Cyprus's Caa3 ratings with a positive outlook but warned of a default risk in a report on Wednesday. Despite the better than expected performance of the Cypriot economy, Moody's said...
PARIS, Aug 07 (AFP): As populations age around the world, economies will be held back and growth trends will slow sharply in the next 20 years, a report forecast on Thursday. The mismatch of old people to the numbers of...
NEW YORK, Aug 7 (AFP): The dollar Wednesday dropped against the yen and the euro, but gained on the British pound ahead of central bank meetings in Britain, Japan and Europe later this week. The euro, which had dropped to...
HONG KONG, Aug 07 (AFP): Asia's most expensive home per square foot is set to go on sale in Hong Kong, which boasts some of the world's costliest properties despite efforts to curb skyrocketing prices. The 4,661 square-foot (433 square-metre)...
MANILA, Aug 7 (Reuters): The World Bank lowered its growth forecasts for the Philippines this year and the next after weak state spending in the second quarter and a tightening of monetary policy, but the bank said strong domestic demand...
JOHANNESBURG, Aug 07 (AFP): South African business confidence has fallen to its lowest level since 1999, amid protracted labour disputes, a leading survey showed on Thursday. The South African Chamber of Commerce and Industry's Business Confidence Index fell to the...
BANGKOK, Aug 7 (Reuters): A university's index of Thai consumer confidence rose for the third month in July, suggesting domestic demand might be improving after the army seized power and pledged to fix an economy battered by prolonged political tensions....
BERLIN, Aug 7 (Reuters): German industrial output rose just 0.3 per cent on the month in June, missing a forecast rise of 1.3 per cent, as fears over the crisis in Ukraine weighed, adding to signals that Europe's largest economy...
ZURICH, Aug 07 (AFP): The world's leading food industry group Nestle on Thursday posted slumping earnings and sales for the first half of the year, blaming the effect of a strong Swiss franc. During the first six months of the...
SYDNEY, Aug 07 (AFP): Australia's unemployment rate spiked to a 12-year high of 6.4 per cent in July, data showed Thursday, lowering expectations of a near-term hike in interest rates as the economy shows signs of weakness. The surprise jump...
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