Diniz said the financial markets had responded highly to the data, resulting in another strong gratitude of the US money against other foreign currencies. He also noted that oil benchmark Brent crude price fell by 0. 08 per cent to US$93. 10 per barrel. On Tuesday, Finance Minister Tengku ZafrulContinue Reading
SEOUL: South Korea levied millions of dollars in fines on Alphabet’s Google and Meta Platforms for personal privacy law violations, authorities said on Wednesday (Sep 14), as Meta considers battling the decision in court. Inside a statement, the Personal Information Protection Commission mentioned it fined Search engines 69. 2 billionContinue Reading
TOKYO: Japan’s central bank on Wednesday (Sep 14) conducted an operation often seen as an precursor to foreign currency intervention, local media said, as the yen continues to crater against a strengthening buck. The financial daily Nikkei and other local mass media said the Bank of Japan (BoJ) performed aContinue Reading
BANGKOK: Thailand’s industrial sentiment rose for a third straight month in August to the highest level in more than 2 yrs, boosted by enhanced economic activity plus a rebound in travel and leisure as COVID-19 curbs were eased, a business group said on Tuesday (Sep 13). The particular Federation ofContinue Reading
BEIJING: China can continue to roll out phased policies to stabilise its economy using a focus on reviving intake and boosting expenditure, and implement these types of policies as soon as possible, condition media cited Leading Li Keqiang as saying on Mon (Sep 12). Cina will implement a numberContinue Reading
DUBAI: Iraq has received requests to increase the quantities of crude oil it exports to Asia, the head of state oil marketer SOMO told state news agency INA on Friday (Sep 9). China and India will not give up on Iraqi crude oil even if Russian oil is currently offeredContinue Reading
MUMBAI: The Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which conduct unethical lending and recovery practices, the government said in a notification on Friday (Sep 9). The central bank has been asked to prepare a list of legal digital lendingContinue Reading
KUALA LUMPUR: Malaysia’s central bank raised its benchmark interest rate for the third straight meeting on Thursday (Sep 8), as it looks to tame rising inflation. Bank Negara Malaysia lifted its overnight policy rate by 25 basis points to 2.50 per cent, as expected by 19 of 20 economists polledContinue Reading
NEW DELHI: The Indian government has asked online retail giant Amazon to stop selling devices designed to disable car seatbelt alarms, transport minister Nitin Gadkari told Reuters, citing potential safety risks. Though the sale of the metal clips is not illegal, such devices and broader road safety issues have comeContinue Reading
JAKARTA: Indonesia’s central bank governor Perry Warjiyo said on Wednesday (Sep 7) that the benchmark interest rate was set to rise further, but not to expect policy tightening to be as aggressive as the US Federal Reserve. “If I say BI (Bank Indonesia) rate won’t rise, I’ll be lying. ButContinue Reading