Japan’s consumer inflation ticks up as shoppers pay more for sushi, ice cream

TOKYO: Japan’s annual core consumer inflation ticked up in November and a key price gauge hit a more than three-year high, suggesting that firms are gradually passing on rising labour and tax hike costs to shoppers. All the same, inflation remained distant from the Bank of Japan’s 2 per cent target, underscoring the challenge the […]

China announces new tariff exemptions for US chemical, oil products

SINGAPORE/BEIJING: China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world’s two largest economies announced a Phase 1 trade deal. The exemptions will be for one year from Dec. 26, the Finance Ministry said, without providing a value for the […]

NMC shares fall for 3rd day on scathing short report

Dubai: London-listed shares of NMC Health fell 15 per cent on Thursday, its third day of declines after a scathing Muddy Waters report earlier sent the UAE-focused hospital operator’s stock price spiralling. NMC, the largest health care provider in the UAE, dropped 32 per cent on Tuesday, wiping over $2 billion in market value, after […]