Turkey’s key inflation gauge fell to 11.86% in March as expected as a drop in global oil prices provided some relief after four consecutive months of rises, the Turkish Statistical Institute said on Friday.
The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week.
China, the biggest market for electric cars, is considering a reduction in rebates given to buyers and limits on the models that qualify even as it commits to extending the costly subsidy programme for another two years.
The coronavirus pandemic has frozen the Chinese gold market, torpedoing demand at a time when investors elsewhere in the world are clamoring for the safety of bullion.
Apple Inc’s most important manufacturing partner has reassured investors it can still get the latest 5G-enabled iPhones ready for an autumn launch despite global Covid-19 upheaval.
Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.
For private equity firms, the Covid-19 pandemic turned a record buying binge into an industry-wide panic, upending a lucrative business model and turning dealmakers into rescuers overnight.
International credit rating agency, Standard & Poor’s (S&P) has affirmed Qatar Islamic Bank’s (QIB) Issuer Credit Rating at ‘A-/A-2’ with a stable outlook.
An Italian tech company is looking at making Qatar a hub for its international expansion plans, focusing on the Middle East and North Africa (Mena) region.
India’s stocks declined for the seventh week, and ahead of an extended weekend, after comments yesterday morning by Prime Minister Narendra Modi failed to offer any concrete measures to curb the spread of the coronavirus pandemic in the nation.
The coronavirus outbreak has set three major macro impulses in motion. They will all have a major impact on commodities, especially the energy sector, over the coming months.