Asia looks to diversify after attacks on Saudi oil production

  Saudi Arabia’s biggest customers in Asia are considering diversifying their supplies of oil and preparing to refine heavier grades of crude following attacks that knocked out half of the kingdom’s production causing an oil price spike. Most of Saud...
  • September 18, 2019
  • 12 Views

Only one in five companies ready for EU trade under no-deal

  Only one in five UK companies would be able to undertake the complex processes necessary to trade with the EU after a no deal Brexit, according to a survey of supply chain managers published on Wednesday. The disclosure about the low level of prepa...
  • September 18, 2019
  • 17 Views

Hong Kong banks: lightning conductors

  Hong Kong’s rush-hour trains were delayed by a derailment on Tuesday. The timetable for a shake-up of the city’s banking oligopoly is in chaos too. Political protests are delaying the launch of eight online banking services, Reuters reports. This p...
  • September 17, 2019
  • 27 Views

US industrial production data shows manufacturing rebound

  US factory output increased much more than expected in August, according to data released by the Federal Reserve on Tuesday. The data provide the last snapshot of US economic growth as the Fed’s rate-setting committee meets in Washington this week,...
  • September 17, 2019
  • 32 Views

Sanjeev Gupta struggles to sell high-yield bond deal

  Sanjeev Gupta is making deep concessions to debt investors to salvage the industrialist’s first attempt at a high-yield bond deal, which missed its planned pricing date after drawing a tepid response from investors. The UK metals magnate hired JPMo...
  • September 17, 2019
  • 29 Views

Rise in Swedish unemployment deepens concerns over economy

  Sweden’s unemployment rate rose unexpectedly last month, according to figures that have deepened concerns that the economy’s slowdown has worsened. The seasonally adjusted rate rose in August to 7.4 per cent, compared with the earlier figure of 7.1...
  • September 17, 2019
  • 31 Views

Bill Gates: world needs to move faster on tackling inequality

  FT subscribers can click here to receive Moral Money every Wednesday by email. Few figures have been quite as influential on the world stage as Bill Gates. Having helped to transform the world of technology, he has moved on to do the same for globa...
  • September 17, 2019
  • 21 Views

Middle East tech shines in tough neighbourhood

  Sheikh Mohammed bin Rashid al-Maktoum, Dubai’s ruler, was upbeat when he toured construction sites last month as the city state spends billions of dollars preparing for Expo 2020. Taking to Twitter, he pledged that the regional trade and finance hu...
  • September 17, 2019
  • 34 Views

Online sharks circle Vietnam’s vulnerable borrowers 

  Vietnam’s government is exposing vulnerable borrowers to the predations of unscrupulous peer-to-peer (P2P) lenders in choosing to go slow on policing this rapidly growing industry. The State Bank of Vietnam (SBV), the central bank, has been given u...
  • September 16, 2019
  • 59 Views

A fluid and crude awakening

  FT subscribers can click here to receive Market Forces every day by email. Oil price surges are a nasty economic shock and rightfully have form down the decades as recession triggers. The assault on two major Saudi Arabian oil facilities in a drone...
  • September 16, 2019
  • 79 Views
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