News

NEW YORK: Global stock markets stumbled again on Friday and U.S. Treasury yields climbed as cautious investors worried about how imminent U.S. interest rate hikes would affect the economy. Read full story

LOS ANGELES: Netflix Inc has raised its monthly subscription price by US$1 to $2 per month in the United States depending on the plan, the company said on Friday, to help pay for new programming to compete in the crowded streaming TV market. Read full story

WASHINGTON: U.S. retail sales dropped by the most in 10 months in December, likely the result of Americans starting their holiday shopping in October to avoid empty shelves at stores. Read full story

NEW YORK: Oil futures settled higher on Friday, boosted by supply constraints and worries of a Russian attack on neighbouring Ukraine, pushing prices toward their fourth weekly gain despite sources saying China is set to release crude reserves around the Lunar New Year. Read full story

SELL the dollar and put money into assets such as emerging-market stocks and gold as the world’s economic recovery gathers steam, money managers say. Read full story

THE global investment space remains a challenging one to navigate as capital markets continue to adapt to the impact of the Covid-19 pandemic. Read full story

SOUTH Korea wants to win its tussle with inflation early. The central bank’s back-to-back interest-rate increases get 2022 off to an assertive start. So much so that the bulk of the work might even be done. Read full story

RECENTLY, the issue of global food inflation has received considerable attention from the media, economists and general public. Read full story

Citigroup Inc displayed some of the financial bruises required for its current restructuring as it reported a 26% drop in fourth-quarter profit on Friday. Read full story

KUALA LUMPUR: The crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to trade lower on the new benchmark month, April 2022, next week due to export weakness, dealers said. Read full story