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Asian LNG prices rise as buying interest jumps

Asian LNG prices rise as buying interest jumps

Asian spot prices for liquefied natural gas (LNG) rose this week after five weeks of declines, as lower prices sparked cargo purchasing interest from various buyers.

Coronavirus weakens job market for record number of Chinese graduates

Coronavirus weakens job market for record number of Chinese graduates

The coronavirus outbreak is denting the prospects of this year’s record 8.7mn-strong Chinese university graduating class, with many students stuck at home just as the corporate recruitment season usually swings into high gear.

Japan factory activity shrinks at fastest pace since 2012 in February

Japan factory activity shrinks at fastest pace since 2012 in February

Japan’s factory activity suffered its steepest contraction in seven years in February, as the widening fallout from the coronavirus outbreak in China reinforced the risk of a recession in the world’s third-largest economy.

US-India trade deal unlikely before Trump’s visit to India

US-India trade deal unlikely before Trump’s visit to India

The United States and India are unlikely to reach a limited trade agreement in time for US President Donald Trump’s visit to India next week as proposed new Indian tariffs have complicated negotiations, the head of a US-based business group said on Thursday.

Pain for Asian banks is just starting as virus batters loans

Pain for Asian banks is just starting as virus batters loans

The cost of the deadly coronavirus is starting to add up for banks across Asia. Lenders from HSBC Holdings Plc to the three biggest banks in Singapore have warned that the virus and related economic slowdown will likely force them to set aside more money for soured loans this year.

Asian bourses end lower on fears over spreading virus

Asian bourses end lower on fears over spreading virus

A spike in new virus cases outside China spooked Asian markets yesterday after Wall Street pulled back from record highs as more companies warned earnings could be hurt by the epidemic.

China’s traders throw away script after virus jolts stock markets

China’s traders throw away script after virus jolts stock markets

China’s stock traders are navigating the vagaries of the country’s coronavirus data for clues on when euphoria fanned by Beijing’s emergency support measures may peak.

Investors in ‘show me’ mode after growth slips at Canada banks

Investors in ‘show me’ mode after growth slips at Canada banks

After posting the weakest annual profit growth since 2016, Canada’s banks now must prove to investors that it’s still worth buying their shares.

Money managers expect more weakness in euro

Money managers expect more weakness in euro

It’s too early to call an end to the euro’s rout, even after its worst start to a year since 2015. Money managers from Aberdeen Asset Management to Pinebridge Investments expect more weakness in the common currency.

NBK Heavy Equipment records 15.3% overall growth in 2019

NBK Heavy Equipment records 15.3% overall growth in 2019

Nasser Bin Khaled Heavy Equipment, a subsidiary of NBK Group, recorded a successful year in 2019, with an overall growth of 15.3% compared to 2018. The growth was the result of sales increase in the Power Generation and Construction & Concrete Divisions

‘Made in Qatar’ Kuwait edition sees large turnout on third day

‘Made in Qatar’ Kuwait edition sees large turnout on third day

Qatar Chamber (QC) Chairman HE Sheikh Khalifa bin Jassim al-Thani toured the pavilions of the ‘Made in Qatar’ exhibition being held in Kuwait.

Trade official sees more exports from Philippines to Middle East

Trade official sees more exports from Philippines to Middle East

An official of the Department of Trade and Industry (DTI) in the Philippines has reiterated the need to export more brands from the Southeast Asian nation to the Middle East markets.

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