Markets

China's new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy.

LONDON: The British economy contracted by a quarterly rate of 1.5 per cent in the first three months of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat a second wave of the coronavirus. The Office for National Statistics...

TAIPEI: Taiwan reported its largest daily rise in domestic COVID-19 cases on Wednesday (May 12), while the stock market tanked after the health minister warned the island could move to a higher alert level, though he later clarified that step was not imminent. Early and effective prevention steps ......

BRUSSELS: The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to have recouped the ground lost by the end of next year. In its latest forecast Wednesday, the EU’s executive commission significantly upgraded its ...

TOKYO :SoftBank Group Corp on Wednesday reported a 4.027 trillion yen (US$36.99 billion) fourth-quarter profit at its Vision Fund unit after booking a gain on investment Coupang, underscoring its recovery a year after a record loss.

A sell-off in global shares extended to its longest losing streak in two months on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted bets on earlier interest rate hikes and higher bond yields.

Vietnam reported a trade deficit of US$1.22 billion in April, swinging from a surplus of US$1.2 billion in March, government customs data released on Wednesday showed.

Toyota Motor Corp reported on Wednesday its fourth-quarter operating profit jumped 92per cent, nearly doubling since last year as it shrugged off chip-supply issues and as its sales recovered from the impact of the coronavirus pandemic.

Chinese smartphone maker Xiaomi Corp and the U.S. Defense Department have agreed to resolve their litigation, a court filing showed.

BEIJING: Exquisitely garbed in a traditional cheongsam dress, 76-year-old Sang Xiuzhu is one of an unlikely vanguard of elderly influencers storming Chinese social media with videos of glamour in the golden years. Two years ago she joined the "Fashion Grandmas", whose one-minute clips and ...