Euro zone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns. Europe is battling a third wave of coronavirus infections and governments also struggling with vaccine programmes beset by […]

SHANGHAI, April 6 Reuters Chinas securities regulator announced penalties against a slew of underwriters and individual bankers on Tuesday, sending a clear warning regarding sloppy due diligence. Nearly 40 individuals and eight investment banks were punished for inadequate due diligence in the first quarter, notices on the website of the China Securities Regulatory Commission CSRC […]

Tesla shares moved higher on Monday, as investors cheered production and delivery figures that broadly beat expectations. The stock gained as much as 7 during early trading. At noon on Wall Street shares were 5.3 higher. Tesla on Friday reported that it delivered 184,800 vehicles and produced 180,338 cars in the first quarter of 2021. […]

Turkeys annual inflation climbed above 16 in March for the first time since mid2019, data showed on Monday, piling pressure on the central banks new chief to maintain tight policy after his surprise appointment sparked a lira selloff. The data was in line with forecasts and shows inflation has risen for six straight months to […]

Indias factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in COVID19 cases dampened domestic demand and output, a private survey showed, forcing firms to cut headcount again. Last week, the Indian government advised federal states to try and control the rapid spread of the […]

A group consisting of some of the worlds most powerful oil producers on Thursday will meet to decide on the next phase of output policy. OPEC and nonOPEC partners, a group sometimes referred to as OPEC , convened for talks via videoconference at around 125 p.m. London time. The OPEC alliance is currently cutting by […]

Chinas central bank warned on Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties. These risks include oscillation in the stock and fixed income markets and potential bond defaults in real estate companies, said Zou Lan, director of the Peoples Bank of Chinas financial […]

Egyptian authorities may seek over 1 billion in damages for helping to clear the Ever Given from the Suez Canal, as a dilemma emerges over who might foot the bill. We will reach over a billion dollars in compensation, Osama Rabie, the chairman and managing director of the stateowned Suez Canal Authority, told Egypts Sada […]

TOKYO, April 2 Reuters The amount of money circulating in Japan soared by a fifth to hit a record in March as central bank pumped out cash to cushion blows to the economy from the COVID19 pandemic. The average balance of monetary base, or the amount of cash in circulation and deposits at the BOJ, […]

President Joe Biden unveiled a more than 2 trillion infrastructure package on Wednesday as his administration shifts its focus to bolstering the postpandemic economy. The plan Biden outlined Wednesday includes roughly 2 trillion in spending over eight years and would raise the corporate tax rate to 28 to fund it. Speaking at a union hall […]