The China Mail - Economy

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India Introduces Four-Layer Motor Insurance Structure for Private Vehicles

India's insurance regulator has introduced a new four-layer structure for motor insurance policies covering private cars and two-wheelers. The move, effective December 15, 2026, aims to provide vehicle owners with greater clarity and choice in selecting coverage options beyond the mandatory third-party liability.

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

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US home sales bounce in February, ending 12-month slide

Sales of existing homes in the United States made their biggest monthly jump since 2020 in February, ending a year of declines according to industry data released on Tuesday.

Kenya arrests 200 in violent protests as opposition calls fresh rallies

Kenya's opposition leader Raila Odinga on Tuesday vowed no let-up in his protest campaign against the government, after a day of violent demonstrations that saw more than 200 people arrested.

Stocks extend rally as bank panic eases

Stock markets extended gains on Tuesday, with bank shares rallying as fears of a financial crisis eased after authorities moved to shore up the sector.

US banking sector 'stabilizing' after turmoil: Yellen

The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks.

EU raids energy drink maker Red Bull in antitrust probe

EU antitrust investigators have raided energy drink maker Red Bull over suspicions it abused its dominance in the wildly popular market, officials said Tuesday.

Uganda to vote on tough anti-gay bill

Uganda's parliament was due to vote Tuesday on anti-gay legislation which proposes tough new penalties for same-sex relations in a country where homosexuality is already illegal.

Macron defiant as anger smoulders over French pension reform

French President Emmanuel Macron told allies Tuesday he plans to keep the government in place and not dissolve parliament, defying opponents and widespread public anger over his pensions reform.

Credit Suisse tells Hong Kong clients to 'embrace new reality'

Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".

Stocks rally as panic eases over banks

Stock markets jumped Tuesday, gradually recovering from last week's plunge, as shares in banks rallied on easing fears of a fresh financial crisis.

Markets rebound as bank fears ease, Fed decision in view

Asian and European markets bounced Tuesday from the previous day's rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve's policy decision later in the week.

In Egypt's Nile Delta, women's field hockey team upholds ancient mantle

Egypt's fertile Nile Delta may not be the obvious destination for field hockey, but a women's team is blazing a trail in a region that lays claim to the sport's ancient roots.

Asian markets rebound as bank fears ease, Fed decision in view

Asian markets bounced Tuesday from the previous day's rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve's policy decision later in the week.

Sri Lanka: timeline of a crisis

The International Monetary Fund approved a $2.9 billion bailout deal for Sri Lanka on Monday, raising hopes for an easing of the island nation's dire economic crisis.

Ukraine conflict to dominate Putin, Xi talks

Vladimir Putin and Xi Jinping were set to hold a second day of talks on Tuesday, as the internationally isolated Russian leader said he was open to discussing China's proposals on the fighting in Ukraine.

US government seeks to avoid 'bailout' label amid banking turmoil

US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they are avoiding parallels with bailouts of the 2008 crisis -- which have been criticized.

Three Ecuador TV stations receive letter bombs, one explodes

Letter bombs addressed to journalists were sent to three TV stations in violence-plagued Ecuador Monday, one of which exploded without causing casualties, officials and the outlets reported.

Venezuela's oil minister resigns over graft probe

Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.

Letter bomb explodes at Ecuador TV station, other media get envelopes

Two letter bombs were sent to TV stations in violence-plagued Ecuador on Monday, one of which exploded without causing casualties as other media also received suspect envelopes, officials and media reported.

BBC urges staff to ditch TikTok over data fears

The BBC said Monday that it had told staff to delete Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears.

French govt survives no-confidence votes in pension fight

The French government under President Emmanuel Macron on Monday survived two no-confidence motions in parliament, but still faces intense pressure over its handling of a controversial pensions reform.

Swiatek pairs up with Federer's sportswear brand On

World number one Iga Swiatek has signed a partnership deal with Swiss sportswear brand On, co-owned by Roger Federer, the Polish tennis player said on Monday.

Bank shares wobble after Credit Suisse buyout

Bank shares wavered in volatile trading on Monday after a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis.

Norway's high court confirms its control of Arctic resources

Norway's highest court confirmed on Monday the Norwegian state's exclusive right to natural resources on the continental shelf around the strategically important Svalbard archipelago in the Arctic.

Kuwait desert oil spill sparks 'state of emergency': company

The Kuwait Oil Company declared a "state of emergency" Monday over an oil spill on land, in an incident decried by environmental activists as a "recurring problem" in the energy-rich Gulf state.

Bank shares slide despite Credit Suisse buyout

Global bank shares took another beating on Monday despite a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis.

Credit Suisse buyout faces harsh criticism at home

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.

UK minister faces hostile return after Rwanda asylum trip

One of Britain's most senior ministers came under fire Monday for laughing uproariously in front of a future migrant camp and asking for tips on interior design during a trip to Rwanda.

Bank shares, oil prices slide despite Credit Suisse buyout

Global bank shares and oil prices slumped Monday as a UBS buyout of Credit Suisse and reassurances from financial authorities failed to calm investors spooked by a fresh crisis.

EU hammers out 2-billion-euro ammunition plan for Ukraine

European Union ministers were set to sign off Monday on a two-billion-euro plan to raid their stockpiles and jointly purchase desperately needed artillery shells for Ukraine.

Stocks plunge despite Credit Suisse buyout, central banks' pledge

Equities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

Stocks drop despite Credit Suisse buyout, central banks' pledge

Asian equities sank Monday following a sell-off in New York on fears over the financial sector, with traders giving short shrift to news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

UBS announces Credit Suisse buyout to calm markets, but Asian equities sink

UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at preventing a wider international banking crisis, but Asian equities sank Monday on lingering worries about the sector.

The China Mail - Economy (English)