China’s diesel exports surged more than tenfold at the start of the year — and gasoline shipments also climbed — as domestic demand eased during the Lunar New Year holiday and refiners used their export quotas.
Credit Suisse Group AG told staff that promised bonuses and pay increases will still be paid as the bank seeks to keep “business as usual” after a tumultuous week that ended in a takeover by its fiercest Swiss rival.
Chinese banks kept their benchmark lending rates unchanged on Monday despite the central bank’s surprise easing action last week, with economists betting there could be scope for lower rates in coming months.
The world’s most advanced and delicately fine-tuned semiconductors wouldn’t be possible without the aid of giant steel storage tanks built by a little-known Tokyo company founded in 1927.
Following the relaxation of border controls after the pandemic, Singapore’s foreign workforce registered the strongest growth in at least 5 years, while falling just shy of pre-Covid numbers numbers in 2019.
Investors are betting that Sri Lanka will win final approval for about $2.9 billion bailout from the International Monetary Fund on Monday, a key step for the bankrupt nation to revive its economy from the worst crisis in decades.
Taiwan’s exports of integrated circuit chips to China and Hong Kong fell for a fourth month in February as Washington-Beijing tensions simmer and demand for electronics continues to drop off.
Nigeria’s All Progressives Congress ruling party candidate Babagide Sanwo-Olu won the governorship election in the country’s commercial hub Lagos after beating opposition parties in a poll.
The Philippine peso’s advance fueled by bets on further rate hikes by the nation’s central bank could face headwinds from a widening trade deficit.
North Korean leader Kim Jong Un oversaw a nuclear counterstrike drill involving a missile with a mock atomic warhead capable of reaching Japan’s west coast, its official media said.
