KARACHI, Pakistan, April 12 Reuters Remittances of 2.7 billion in March from Pakistani workers employed abroad exceeded 2 billion for the 10th consecutive month, and were up 43 from a year earlier, the central bank said on Monday. Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with […]

BERLIN, April 9 Reuters German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europes largest economy despite a sharp drop in trade with the United Kingdom after Brexit. Seasonally adjusted exports increased by 0.9 on the month after an upwardly revised rise of 1.6 […]

BANGKOK, April 9 Reuters Thailands economy may expand less than forecast this year, a central bank official said on Friday, after a third wave of coronavirus infections and concerns about the presence of a highly contagious variant. The tourismreliant economy suffered the deepest slump in over two decades last year, down 6.1, due to the […]

India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australias coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking this year. Australia, the worlds biggest coal exporter, will continue to benefit from growing Indian demand for its coal, made cheaper after […]

British households spending on credit and debit cards rose strongly to 88 of its prepandemic average in the week to April 1, its highest since the week before Christmas, the Office for National Statistics said on Thursday. The figures are not seasonally adjusted, and the ONS said some of the increase was driven by endofmonth […]

Rates as of 0500 GMT Market Recap GBP once again went down, down, down. The decline is being attributed to concerns about the vaccine rollout in the UK, which depends on the AstraZeneca vaccine. As that has come under question for deadly blood clots, the ultimate success of the UK vaccine program has come under […]

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 […]