Peru economy expands 5.28% in the first quarter
LIMA: Peru’s gross domestic product (GDP) in the first quarter expanded 5.28% in April from a year earlier, according to…
Asia spot LNG prices hit six-month high
SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose to a six-month high this week on the back of cooling…
Nigerian inflation rises to 28-year high in May
ABUJA: Nigeria’s annual inflation rose to a new 28-year high of 33.95% in May, official data show, worsening hardships that…
Seatrium under probe over potential offences relating to Brazil corruption case
SINGAPORE: Authorities are conducting a joint investigation into offences potentially committed by Seatrium, formerly Sembcorp Marine, relating to a massive…
Shanghai’s solar carnival belies fight for survival – China’s flagship clean energy industry in dismal state
SHANGHAI: Visitors to the world’s biggest showcase of solar power could be forgiven for not realising just how dismal conditions…
Pakistan to raise power prices in move to secure IMF loan
LAHORE: Pakistan is raising power prices by an average of 20% to bolster its chances of securing a new loan…
Seoul aims to raise US$1.3bil in dollar bond sale
SEOUL: South Korea is planning to raise as much as US$1.3bil in a dollar bond sale to set a stable…
Chile says Saudi Arabia mining minister to visit
SANTIAGO: Chile’s government says that Saudi Arabia’s mining minister will travel to the Latin American country in July and plans…
Adidas probes bribery allegations in China
LONDON: Adidas has launched an investigation into allegations of large-scale bribery in China after the company received a whistleblower complaint…