Thursday 29 September 2016
 
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Surprise rebound in UK manufacturing sector

British manufacturing staged one of its sharpest rebounds on record in August, a post-Brexit surprise that could prompt the Bank of England to rethink the need to cut interest rates again if other surveys confirm the trend. The re

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China survey-based jobless rate around 5pc end-July

China's survey-based unemployment rate was around 5 per cent at the end of July, the statistics bureau said on Friday. Sheng Laiyun, a spokesman at the National Bureau of Statistics, told reporters the unemployment rate in the

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Diabetes reaches record levels in Middle East: Experts

The Middle East suffers from the highest rate of diabetes in the world, affecting nearly 43 million people, and this is causing a rise in incidence of diabetes-related illness, health experts have warned. The prevalence of the disease h

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WHO backs Sanofi's vaccine in areas with high dengue rates

The World Health Organization's expert group on immunisation said it recommended that countries consider introducing Sanofi's dengue vaccine Dengvaxia in areas where prevalence of the virus was 50 per cent or higher.  

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Saudi Arabia to launch floating rate bonds

The Saudi Arabian government plans to start issuing floating-rate bonds to encourage local banks to buy its debt as it finances a big budget deficit caused by low oil prices, banking sources said on Thursday.   S

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Qatar banks discuss lower repo rate with central bank

Qatari commercial banks are discussing with the central bank the possibility of reducing its repo lending rate as low oil and gas prices tighten liquidity in the banking system, market sources said on Thursday.  

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Egypt cbank keeps main interest rates unchanged

Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.   The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi

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Asia stocks jump, yen weakens as BOJ adopts negative rates

Asian shares jumped on Friday and the yen swooned after the Bank of Japan stunned markets by adopting negative interest rates in its boldest step yet to reinflate the long-languishing economy.   The yen fell acro

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‘Spare taxis from rate rise’ appeal in Bahrain

Authorities have been urged to exclude hundreds of legitimate Bahraini taxi drivers from the petrol price increases. Licensed taxi drivers will now have to pay around BD90 extra per month for petrol after the rates were revised, claimed the Pu

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Asia's factories still struggling as US rate hike looms

Factory activity deteriorated across much of Asia in November, with China sinking to a three-year low, as policymakers braced for an expected rise in US interest rates later this month that could jolt the global economy. Business

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