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    Latest News

    Japan yen intervention cost estimated $20.8 billion

    Tokyo: The Japanese government’s intervention to bolster the national currency last week cost an estimated three trillion yen ($20.8 billion), a new record, the Nikkei business daily and other local media said Monday.

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    Russia war cripples Ukrainian heavy industry

    KYIV: Usually the engine-room of the Ukrainian economy, heavy industry has fallen victim to Russia’s invasion, with output ground down under the pressure of the war.

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    Porsche to race onto German stock exchange with mega IPO

    FRANKFURT: Luxury sports carmaker Porsche will this week race onto the Frankfurt stock exchange in what is set to be one of Europe’s biggest listings in years, seeking to defy recent market turbulence.

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