September 20, 2022
September 20, 2022

Germany to sign LNG deals with UAE

German Chancellor Olaf Scholz is expected to sign contracts for liquefied natural gas (LNG) during his visit to the United Arab Emirates on Sunday, his deputy chancellor said, as Germany looks for new partners to replace Russian energy imports.

September 20, 2022
September 20, 2022

Sterling languishes near 37-year low vs dollar

Sterling was weaker against a robust dollar on Monday, hovering near last week’s 37-year low, with sentiment towards the British currency remaining weak given a darkening economic outlook.

September 20, 2022
September 20, 2022

Norway to hike rates by 50 basis points

Norway’s central bank is expected to raise its benchmark interest rate again this week and signal a continued rise in the cost of borrowing in the fourth quarter to combat inflation, a Reuters poll showed on Monday.

September 20, 2022
September 20, 2022

German economy to shrink all winter

The German economy is contracting already and will likely get worse over the winter months as gas consumption is cut or rationed, the country’s central bank said on Monday.

September 20, 2022
September 20, 2022

Europe races to prepare for energy crunch this winter

European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war.

September 20, 2022
September 20, 2022

Germany sees signs of recession ‘multiplying’

The German central bank said Monday it was increasingly likely that Europe’s largest economy would shrink for a “prolonged” period as Russia throttled energy supplies to the continent.

September 19, 2022
September 19, 2022

Vietnam mulls tariff cuts to lower petrol prices

The Ministry of Finance (MoF) has proposed a reduction of the most favoured nation (MFN) tariff on a number of petrol products widely used in industrial production from 20 per cent to 10 per cent in an attempt to bring down the economy’s input cost.

September 19, 2022
September 19, 2022

Canada may need a recession to cool down inflation: economists

The underlying pressures driving inflation in Canada are likely to peak in the fourth quarter of this year, economists told Reuters, though most see signs fast rising prices are becoming entrenched and warn a recession may be needed to avoid a spiral.

September 19, 2022
September 19, 2022

Germany seizes Russian energy firm’s subsidiaries

Berlin on Friday took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine.

September 19, 2022
September 19, 2022

Vietnamese rice exporters expect higher prices

With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and hike prices, industry insiders have said.