Result Page 30 for Latest Business News & Archive

Coinbase Opens Local Bank Transfers For Singapore Users At No Cost

Hassan Ahmed, Coinbase's country director for Singapore, told Reuters in an interview the move was part of the company's international expansion strategy.

MSCI ESG Raters Flag Governance Risks At Embattled Adani Group

MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance assessments of Adani Group entities, after the Indian conglomerate was caught up in a short-selling storm in recent weeks.

UAE's ADNOC Gas To Start Trading In $2.5bn IPO

The Dubai headquarters of UAE state energy company ADNOC

The final price was set at 2.37 dirhams ($0.65) per share, towards the top of its range, raising about $2.5 billion and implying a market capitalisation of around $50 billion.

Nissan Downgrade Seen As Start Of 'Fallen Angels' Cycle

The downgrade of Nissan Motor's credit rating from investment grade to junk by S&P Global on Tuesday marks the start of a cycle that could see as much as $55 billion of so-called "fallen angels" this year, said fund managers.

More news

A view shows a one Russian rouble coin inside a bulb with crude oil at a laboratory in the Irkutsk Oil Company-owned Yarakta Oil Field in Irkutsk Region

India's Oil Deals With Russia Dent Decades-old Dollar Dominance

U.S.-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India - Russia's top outlet for seaborne crude - have been settled in other currencies.

Qatar Airways Eyes Rapid Growth As Travel Demand Rebounds

Newly planned airline destinations include five in Europe, including three in France, and two in Africa.

Twitter said the issue began with "unintended consequences" from a platform update

Twitter Admits 'Massive' Outage As Woes Continue

The breakdown, which appeared fixed in less than an hour, comes as the Elon Musk-owned social media giant was trying hard to stabilize after several rounds of layoffs saw more than two thirds of staff let go.

A view shows oil terminal Kozmino near Nakhodka

Oil Edges Up On Supply Concerns, China Demand Hopes

Traders are keenly awaiting China's oil trade data for January and February later on Tuesday, looking for signals of a recovery in demand following Beijing's lifting of pandemic controls late last year.

A crude oil tanker and a bulk carrier sail in Nakhodka Bay

Exclusive-Russian Crude Oil Heads To UAE As Sanctions Divert Flows

The United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data and trading sources, in another example of how Western sanctions on Russia have adjusted traditional energy trade flows.

UAE Denies Withdrawal From OPEC: 'Far From The Truth'

Reports that the UAE was leaving OPEC sent oil prices tumbling on Friday.

Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -sources

Guyana Vice President Bharrat Jagdeo is set to speak at the CERAWeek energy conference in Houston on Monday to drum up support for the country's first competitive bidding round.

Tencent's Chief Executive Officer Pony Ma, Alibaba's Executive Chairman Jack Ma and others attend an event marking the 40th anniversary of China's reform and opening up at the Great Hall of the People in Beijing

China To Double Down On Push To Be Self-reliant In Tech, Premier Says

China is under increasing pressure from the United States, which has cited national security in restricting access to Chinese semiconductors and artificial intelligence technology.

Oil Down On China Outlook, Spotlight On Powell Testimony

Oil prices opened lower on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S.

A pedestrian holding her mobile phone walks past electronic boards showing Japan's Nikkei average

Asia Stocks Firm, China Sets Cautious Goal For Growth

Chinese blue chips slipped 0.5%, having gained 1.7% last week. MSCI's broadest index of Asia-Pacific shares outside Japan was still up 0.7%.

Ericsson's chief Borje Ekholm promised Ericsson is on 'an important journey to transform our culture'

Ericsson To Pay Over $200 Mn For Breaching US Deal Over Iraq Graft

Swedish prosecutors have also opened an inquiry into the alleged IS payments, a case that has forced the company to vow an overhaul of its compliance oversight after the claims emerged last year.

Oil Set For Weekly Gain As China Demand Optimism Trumps Recession Fears

The retreat in oil prices came as euro zone inflation fell less than expected last month, which boosted expectations of further interest rate increases by the European Central Bank (ECB).

Asian markets are on course for a positive end to the week

Asian Markets Rise With Wall St On Lower Rate Hopes

The unease largely overshadowed optimism about China's recovery after officials ended three years of strict zero-Covid containment measures that battered the world's number two economy.

UAE Passport Ranked Most Powerful In New Passport Index

The UAE passport ranked 35th last year.

Oil Inches Up On China Rebound, But Global Demand Concerns Weigh

Record exports of U.S. crude oil, however, kept the build smaller than in recent weeks, with shipments rising to 5.6 million barrels per day (bpd) last week, according to the EIA.

The members of SpaceX Dragon Crew-6 are scheduled to launch to the International Space Station in late February

UAE Space Mission: All Set For Second Attempt To Launch Today

In a statement following the launch cancellation on Monday, the National Aeronautics and Space Administration (NASA) said Al Neyadi and his crew will not fly to space unless they are ready.

Morocco and Algeria battle over Nigerian gas

Nigeria Gas Fuels Morocco, Algeria Pipeline Power Struggle

Morocco's neighbour and arch-rival Algeria is pushing to relaunch plans for a Trans-Saharan Gas Pipeline linking Nigeria to Algeria's Mediterranean coast via Niger.

TV crews talk in front of a large screen showing stock prices at the Tokyo Stock Exchange in Tokyo

Asian Stocks Jump As Strong China Data Revives Reopening Optimism

Asian stocks rebounded from a two-month low on Wednesday as data showing China's manufacturing activity in February expanded at the fastest pace in more than a decade cheered investors, ofsetting fears over rising interest rates.

People shop at an open market in Istanbul

Turkey's Economy Grew 5.6% In 2022, Pace To Slow After Earthquakes

The economy had started cooling in the second half of 2022 with a decline in domestic and foreign demand, partly due to a slowdown in Turkey's main trading partners because of the war in Ukraine, which hurt exports.

Damaged Apple supplier Foxlink after fire at its assembly facility in Tirupati district

Apple Supplier Foxlink Unlikely To Resume Full India Operations For Two Months-source

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground. There were no casualties.

Edmond De Rothschild Expands Presence In Dubai

The investment firm has obtained a licence from the Dubai International Financial Centre (DIFC) that will allow it to advise clients locally and provide access to the entire group's offerings, it said in a statement on Tuesday.

Hong Kong stocks were given an extra lift from news that a long-running mask mandate will finally be dropped Wednesday, removing the last of the city's Covid rules that have hit the economy

Asian Markets Pick Up But Traders Worry Over Looming Rate Hikes

The gains tracked advances on Wall Street, though investors will be keeping a wary eye on several data releases this week that will provide a fresh snapshot of the US economy.

The closure was the first official shuttering of the Torkham boundary since the Taliban returned to power in Afghanistan 18 months ago

Trade Resumes As Key Afghan Border Crossing With Pakistan Reopens

There have been frequent checkpoint closures and flare-ups of violence along the mostly mountainous dividing line splitting the two nations, which no Afghan government has ever recognised.

The disappearance China Renaissance chairman Bao Fan sparked fears of a renewed crackdown on the nation's financial services industry

China Banking Tycoon Bao Fan 'Cooperating With Investigation'

His Hong Kong-listed firm said in a filing dated Sunday that it was now "aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities" in mainland China.

Two Charged With Insider Trading In Kodak Before COVID Loan Announcement

The defendants then traded in Kodak stock, resulting in profits of more than $500,000 for Andrew Stiles and more than $700,000 for Gray Stiles, the indictment said.

Exclusive-Netflix Making Preparations To Open Vietnam Office - Sources

U.S streaming giant Netflix Inc is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said.

Representations of cryptocurrencies Bitcoin, Ethereum and DogeCoin are placed on PC motherboard in this illustration taken

IMF Lays Out Crypto Action Plan, Recommends Against Legal Tender Status

Such efforts have become a priority for authorities, the fund said, after the collapse of a number of crypto exchanges and assets over the last couple of years, adding that doing nothing was now "untenable".

Visitors walk past the Casino Lisboa operated by SJM Holdings during Lunar New Year in Macau

Macau Casino Stocks, Bonds On A Roll As Chinese Visitors Return

Chinese tourists are returning to Macau in hordes after Beijing lifted its restrictions on travel to the world's biggest gambling hub, lifting stocks and bonds of casino operators as investors bet on a boom in their revenues.