HONG KONG: Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter. Bankers at Credit Suisse, HSBC, […]
Business
SINGAPORE: When asked to describe a typical lunchtime situation before COVID-19 at her fashion store, Butterflies & Marigolds, Ms Elsie Szto said with a laugh: “The store would be swarmed with women who are stressed at work.” Located at Guoco Tower – a skyscraper in Tanjong Pagar – a queue […]
SYDNEY: Australia will extend its coronavirus loan guarantee scheme for small businesses and increase the credit limit to up to A$1 million (US$700,000) from A$250,000, Treasurer Josh Frydenberg said on Monday (Jul 20). The expanded scheme, which will begin in October this year and run until June 2021, will also […]
LONDON: Nearly half of Britain’s biggest companies think it will take until the second half of 2021 before business recovers from the coronavirus pandemic, according to a survey on Monday (Jul 20) that cast doubt on hopes for a speedier rebound. Accountants Deloitte said 49 per cent of chief financial […]
TOKYO: Japan’s exports suffered a double-digit decline for the fourth month in a row in June as the coronavirus pandemic took a heavy toll on global demand, reinforcing expectations that the economy has sunk into its deepest recession in decades. US-bound Japanese shipments nearly halved again due to plunging demand […]
Asian shares began warily on Monday as investors eyed efforts to stitch together more fiscal stimulus in the eurozone and United States to help economies ride out the effects of a record jump in COVID-19 cases globally. SYDNEY: Asian shares began warily on Monday as investors eyed efforts to stitch […]
Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. TOKYO: Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery […]
PARIS: Former Nissan Motor Co Ltd Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results “pathetic”, driven as much by a lack of joint leadership than the COVID-19 pandemic. Ghosn, who was also the chairman of Mitsubishi […]
Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday. TOKYO: Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd or other global chipmakers to build […]
The British government asked Japan to help build its 5G wireless networks without Huawei Technologies, the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China. TOKYO: The British government asked Japan to help build its 5G wireless networks without […]