China’s manufacturing is back in expansion

Beijing: A gauge of China’s manufacturing sector jumped unexpectedly in November, signalling a recovery in activity amid government support and a stabilising global economy. The official manufacturing purchasing managers’ index rose to 50.2, according to data released by the National Bureau of Statistics on Saturday. That’s the first reading above 50 since April, indicating an […]

Pelosi says US-Mexico-Canada trade deal is ‘within range’

Washington: US House of Representatives Speaker Nancy Pelosi said on Monday that a version of the US-Mexico-Canada trade agreement that House Democrats could back was “within range” but that they needed to conduct a final review. President Donald Trump’s administration has been pushing for the congressional passage of USMCA, which would replace the 1994 North […]

Record $2.4 trillion bond binge is threatening investor returns

Tokyo: An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds. Companies have sold a record $2.43 trillion so far this year across currencies, surpassing previous full-year records. Investors rushed to snap up all this debt because they were desperate for yield as central banks […]

Saudi cement stocks are what’s soaring

Dubai (Bloomberg): While Saudi Arabia’s massive initial public offering of oil producer Aramco has been dominating headlines, investors have been making a fortune in an obscure corner of the market: Cement producers. Companies that make the building material account for six of the 10 best-performing stocks in the kingdom this year, delivering returns of at […]

Mexico cautiously optimistic about finalising North American trade deal

OTTAWA: Mexico’s trade negotiator said Friday he was cautiously optimistic about finalising a new North American trade pact as soon as next week, after meeting with Canadian Prime Minster Justin Trudeau in Ottawa. Negotiators from the United States, Mexico and Canada signed a deal last year on a new treaty to replace the 1994 North […]

UAE forecast to enter a faster economic growth trajectory in 2020

Dubai: The UAE’s economic growth is projected to take a faster route in 2020 driven by rising business optimism, fiscal stimulus and higher government and private sector spending in projects related to Expo 2020 Dubai. The latest forecasts from international organisations such as the International Monetary Fund (IMF) and the Institute of International Finance (IIF) […]