Saudi non-oil growth fastest since 2015 as private sector heals

New York: Saudi Arabia’s non-oil economic growth accelerated in the second quarter, a sign that the economy is shrugging off the effects of austerity measures that followed the collapse of crude prices five years ago. Non-oil gross domestic product expanded almost 3 per cent, the fastest pace since 2015. The kingdom’s oil GDP shrank due […]

India’s big fiscal boost leaves many questions still unanswered

New York: India’s Finance Minister Nirmala Sitharaman has been announcing fiscal steps almost every week since August to help industries hit by the economy’s slowdown: from tax benefits for vehicle purchases to easing foreign investment rules. Yet while cheered by businesses, the moves have left investors with several unanswered questions and worries about the fiscal […]

Tokyo stocks lifted by blue-chip exporters, Apple-related names

Tokyo/Hong Kong: Japanese shares rose on Tuesday, shrugging off signs of worsening confidence among big manufacturers, with blue-chip exporters and Apple-related issues leading the gains. The benchmark Nikkei average rose 0.7% to 21,916.74 points by the midday break, while the broader Topix climbed 1.1% to 1,604.84, with all but one of its 33 subindexes trading […]