Client data for JPMorgan Chase, Citi, Morgan Stanley and other major banks may have been accessed in a hack of a technology vendor, the New York Times reported on Saturday, citing people familiar with the matter. SitusAMC said in a statement on its website on Saturday that it had been […]
Business
JAKARTA: Indonesia’s central bank expects economic growth of 5.33 per cent next year, and if fiscal spending can be accelerated then growth could reach the government’s target of 5.4 per cent, Governor Perry Warjiyo said on Wednesday. Annual headline inflation for 2026 was seen at 2.62 per cent, while the […]
TOKYO: Japanese trading house Mitsubishi Corp on Tuesday posted 356 billion yen ($2.4 billion) in net profit for the six months through September, down 42 per cent from the same period a year earlier. The company kept its net profit forecast for the fiscal year ending in March unchanged at […]
Asia may see its resilience to U.S. tariffs challenged if a rally in the dollar and a rebound in low interest rates lead to tighter financial conditions, a senior International Monetary Fund official told Reuters. If the U.S. Federal Reserve continues to cut interest rates, a subsequent dollar decline could […]
WASHINGTON: US President Donald Trump said Thursday (Oct 23) that he was immediately ending all trade talks with Canada, accusing it of misquoting former president Ronald Reagan in an advertising campaign against tariffs. “Based on their egregious behaviour , ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump said on […]
BANGKOK : Thailand’s annual headline inflation rate was negative for a sixth straight month in September, driven by lower energy prices, the commerce ministry said on Monday as it lowered its full year forecast to 0 per cent. It was also the seventh consecutive month that the inflation rate was […]
Elon Musk’s satellite internet service Starlink is experiencing a service outage, according to a message on its website on Monday. “Starlink is currently experiencing a service outage. Our team is investigating,” the notice said, without providing further details. Outage tracking website Downdetector reported that more than 43,000 users in the […]
BEIJING: When Russian President Vladimir Putin walked shoulder to shoulder with Chinese President Xi Jinping on Wednesday (Sep 3), a hot mic caught them discussing organ transplants and the possibility that humans could live to 150 years old. The moment came as Putin and Xi walked with North Korea’s Kim […]
WASHINGTON: President Donald Trump said on Wednesday (Sep 3) the US might have to “unwind” trade deals it reached with the European Union, Japan and South Korea, among others, if it loses a Supreme Court tariffs case, and warned that a loss would cause the US “to suffer so greatly”. […]
Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International Monetary Fund, a government statement showed on Friday. Patel has been appointed for a period of three years. He took over as the RBI governor from Raghuram Rajan in September 2016 and resigned […]