LONDON:Shop prices in Britain surged last month at the fastest rate in more than a decade and worse is to come, according to a survey published on Wednesday that spelt further bad news for many households caught in a worsening cost-of-living crisis. Read full story
SYDNEY: Australia and New Zealand Banking Group ANZ.AX beat estimates for first-half profit on Wednesday, helped by the release of pandemic-era provisions and home loan growth in New Zealand, and forecast improved second-half margins as interest rates rise. Read full story
Over the weekend, Bitcoin’s price hardly budged. On Monday, the coin posted a negligible 0.02% drop. On Tuesday, it was yet again unchanged. Read full story
KUALA LUMPUR: KPJ Healthcare Bhd expect to see a continuing recovery in patient numbers and group performance this year. Read full story
SINGAPORE: Oil prices rose at the start of Asian trade on Wednesday after industry data showed drawdowns in U.S. crude and fuel stockpiles, raising supply concerns and offsetting worries about slowing demand from top importer China. Read full story
LONDON: Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, offsetting demand worries in top importer China. Read full story
KUALA LUMPUR: Malaysia’s six largest banking groups by assets are well positioned to face competition from innovative digital banks following the announcement of five new digital entrants announced by Bank Negara Malaysia (BNM) recently. Read full story
HONG KONG: Hong Kong stocks fell on Wednesday, with losses in tech shares overshadowing gains in banks, as investors awaited interest-rate decision from the U.S. Federal Reserve, and stayed on the sideline ahead of China’s open after holiday. Read full story
SYDNEY: Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living and possible rise in interest rates, a survey showed on Tuesday. Read full story
WASHINGTON: The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials said on Monday. Read full story
KYIV/LVIV: The European Union was preparing sanctions on Russian oil sales over its invasion of Ukraine after a major shift on Monday by Germany, Russia’s biggest energy customer, that could deprive Moscow of a large revenue stream within days. Read full story
SYDNEY: Australia’s ruling coalition is bracing for a possible rise in interest rates on Tuesday right in the middle of a national election campaign that could further increase living costs and hamper Prime Minister Scott Morrison’s (pic) re-election efforts. Read full story