COLOMBO: An International Monetary Fund (IMF) team met Sri Lanka’s president on Wednesday (Aug 24) for talks on a bailout, including restructuring debt of about US$29 billion, amid the nation’s worst financial crisis in more than seven decades. The second such visit in three months comes as the Indian OceanContinue Reading
KUALA LUMPUR: The FBM KLCI extended its downtrend on Wednesday as investors abstained from taking up positions ahead of the US Federal Reserve’s Jackson Hole symposium. Read full storyContinue Reading
KUALA LUMPUR: Domino’s Pizza Malaysia is set to become part of the largest Domino’s network outside of the United States (US) via a proposed acquisition by Domino’s Pizza Enterprises Ltd (DPE). Read full storyContinue Reading
KUALA LUMPUR: The FBM KLCI slumped in morning trade as investors took to the sidelines ahead of the Jackson Hole meet where US Fed chair Jerome Powell is expected to signal a hawkish stance on interest rates. Read full storyContinue Reading
Authorities furthermore issued stern warnings to two former directors of Rspectable Resources International with regard to failing to prepare monetary statements that complied with accounting criteria.Continue Reading
SHANGHAI: CATL, the world’s largest electric vehicle (EV) battery manufacturer, more than doubled its profit in the second quarter as Chinese authorities rolled out incentives to boost EV sales to cushion the impact of lockdowns during the period. CATL, whose clients include Tesla, Volkswagen and BMW, booked a net profitContinue Reading
No central bank’s 2022 has been turned upside down more abruptly compared to Yi Gang’s People’s Bank of China (PBOC). That’s saying a lot given the particular economic shocks further complicating the year for US Government Reserve Chairman Jerome Powell amid overheating risks. Or Western Central Bank Chief executive Christine Lagarde fighting an euro with 20-year lows. Or even […]
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SHANGHAI: Juneyao Group, the mother or father of Chinese provider Juneyao Airlines, programs to start making electric vehicles (EV), a couple with knowledge of the matter said, as it looks for to diversify from businesses that have been strike hard by COVID-19. Shanghai-based Juneyao, possessed by Chinese billionaire WangContinue Reading
SINGAPORE: Singapore’s core pumpiing rose further in order to 4. 8 per cent in July, driven mainly by more powerful increases in the prices of food, electricity and gas, standard data on Tuesday (Aug 23) showed. This is higher than the particular figure of 4. 4 per cent inContinue Reading
KUALA LUMPUR: The FBM KLCI remained in the red at midday even though it bounced off the intraday low in the final hr of morning industry. Understand full story Continue Reading