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Indonesian rupiah recovers, but risks persist, says QNB

Indonesian rupiah recovers, but risks persist, says QNB

The Indonesian rupiah (IDR) has “rebounded strongly” in recent months, but risks persist, QNB has said in an economic commentary.

ECB moves closer to global dovish shift as Coeure mulls loans

ECB moves closer to global dovish shift as Coeure mulls loans

The European Central Bank took a step closer to injecting fresh stimulus into the weakening euro-area economy as one of its top policymakers said discussions are under way on offering banks new long-term loans.

Barrick Gold faces challenges to develop Latin America mines

Barrick Gold faces challenges to develop Latin America mines

Just seven weeks into the job, Barrick Gold Corp’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.

Wall St profit estimates may be adding in too much cost risk

Wall St profit estimates may be adding in too much cost risk

As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.

Soybean traders in China shrug off market jitters over US cancellations

Soybean traders in China shrug off market jitters over US cancellations

Soybean traders in China on Friday shrugged off recent cancellations of import orders as “old business”, even as the global market worried it could be a sign of Beijing backtracking on its pledge to buy more American beans.

Hyflux unveils survival plan as Singapore bondholders watch

Hyflux unveils survival plan as Singapore bondholders watch

Cash-strapped Singapore water-treatment company Hyflux Ltd unveiled a restructuring plan that’s been highly anticipated by retail investors in the city-state, who own millions worth of the firm’s debt.

US-China to resume trade talks soon in Washington

US-China to resume trade talks soon in Washington

Trump says may extend March 1 deal deadline at same tariff rate; Xi says week of talks made ‘step-by-step’ progress; headway made, says Lighthizer, but much work to do; sources say little sign of agreement on big sticking points

Thousands fired from $30bn Bangladesh garment sector

Thousands fired from $30bn Bangladesh garment sector

Garment worker Rabeya started protesting on the streets of Dhaka in early January to pressure her employer – one of Bangladesh’s major suppliers to European clothing giant H&M – to pay a new minimum wage for its workers.

China’s ride-hailing giant Didi plans Chile and Peru launches

China’s ride-hailing giant Didi plans Chile and Peru launches

Chinese ride-hailing giant Didi Chuxing is planning to take on US rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.

How a no-deal Brexit is shaping up, from banks to food supplies

How a no-deal Brexit is shaping up, from banks to food supplies

With just six weeks to go until Brexit day, UK Prime Minister Theresa May continues to wield the threat of walking away from talks as a negotiating tactic.

Air Arabia posts yearly loss on hit by Abraaj exposure

Air Arabia posts yearly loss on hit by Abraaj exposure

Air Arabia PJSC has reported its first full-year loss on record after booking impairments for exposure to private equity firm Abraaj, which is undergoing a court-supervised restructuring. The shares plunged in Dubai.

Nissan agrees on joint venture to build Algerian car assembly plant

Nissan agrees on joint venture to build Algerian car assembly plant

Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160mn, the company said last week.

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