Global financial markets were boosted with good news emerging from a trade deal meeting between the United States and China as top officials of both the countries reaffirmed their commitment to a Phase 1 trade deal despite Chinese procurement of American goods was slower than expected according to...

Fintech company Ant Group, a division of Chinese internet company Alibaba, has applied for a simultaneous initial public offering (IPO) on the Hong Kong and Shanghai exchanges, according to documents listed on the Hong Kong stock exchange. In the leaflet, the company did not disclose the size of...

A significant number of residents of Hong Kong are preparing to move to Britain. But many have been stalled their plans because of rising home prices there. According to latest reports, there has been an appreciation of 15 per cent in prices since April.   Hong Kong residents are concerned...

Iraq will be able to increase oil production to 7 million barrels a day by 2025, the country's oil minister Ihsan Abdul Jabbar said on Sunday. "We are now capable of producing 5 million barrels per day. We can reach a production level of 7 million barrels per day by 2025," the INA agency quoted the...

According to data published on Friday, the recovery of the economy of the United Kingdom, battered by the novel coronavirus pandemic, is gathering pace even as borrowings by the government went past the 2 trillion pound ($2.6 trillion) mark and amid growing concern of more lob losses in the near...

A so called mini trade deal worth a total of $200 million between the United States and the European Union was announced on Friday. According to the deal, there will be a reduction in tariffs on a small range of products – which includes lobsters from the US.   This however was a sign of...

Heavy speeding by the United Kingdom government to support the economy hit the by the novel coronavirus pandemic has resulted in its government debt to touch more than £2 trillion for the first time.   The current debt figure of the country is now equal to the value of everything that is...

Taiwanese president Tsai Ing-wen said on Wednesday that the country aims to become an Asian financial and asset management hub and would thus be opening up its economy more and offer more financial products.   This move was made by the island state at a time when there is huge political...

In a provisional “potential” loss in loans across these banks could go up to “$22 billion” whereby leaving the previous “analyst forecasts” behind and ramping up pressure on selling shares which already took a beating due to the ongoing global pandemic. The second quarter looked gloomier to the...