Apple Inc’s providers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asian countries reported on Tuesday (Aug 16), citing people familiar issue. Apple’s Chinese suppliers Luxshare Precision Industry plus iPhone assembler Foxconn have started check production of Apple company Watch and AppleContinue Reading
Industrial production also missed expectations. Concerns over fresh COVID-19 flare-ups, worries about jobs and the crisis in the property sector have dented borrowing by companies and consumers. Chinese banks extended 679 billion yuan (US$101 billion) in new yuan loans in July, less than a quarter of June’s amount, according toContinue Reading
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SEOUL: South Korea’s new government stated on Tuesday (Aug 16) it would supply 2 . 7 million new homes across the country over the next five years, including a lot of in big cities where a short supply has frequently been blamed for fast price rises. The government plans toContinue Reading
HONG KONG: Chinese regulators possess instructed state-owned Cina Bond Insurance to give guarantees for onshore bond issuance by a few private property developers including Longfor Group and CIFI Holdings, according to 4 sources with knowledge of the matter. The support from your state comes amid mounting concerns that a deepeningContinue Reading
BANGKOK: Despite a weaker-than-expected second quarter, Thailand’s economy is anticipated to continue growing in the second half of the entire year as tourism accumulates, the central bank said on Tuesday (Aug 16), recommending gradual policy tensing may continue. Second-quarter growth missed the central bank’s forecast due to lower-than-expected private expenditureContinue Reading
HONG KONG: Hong Kong’s audit regulator said on Monday (Aug 15) it has initiated an enquiry into the financial statements of China Evergrande Group’s property services unit and its former auditor after questions were raised following the developer’s probe into seized deposits worth US$2 billion of the unit. The FinancialContinue Reading
TOKYO: Western Prime Minister Fumio Kishida on Mon (Aug 15) advised his ministers in order to draw up additional procedure for cushion the economic blow from increasing living costs in the package due to end up being compiled next month. As part of the measures, Kishida said they have orderedContinue Reading
MUMBAI: Stock investor Rakesh Jhunjhunwala, called “India’s Warren Buffett” with an estimated internet worth of US$6 billion, died early on Sunday (Aug 14) at age 62, their family said. A chartered accountant by profession from the desert state of Rajasthan, Jhunjhunwala started dabbling in stocks whilst in college andContinue Reading
India at the end of May allowed duty-free imports of 2 million tonnes each of soyoil and sunflower oil for the present and next fiscal years ending March 31, as part of efforts to maintain a lid on local edible essential oil prices. Through the end of June, soy oil’sContinue Reading