SINGAPORE : The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price […]
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TOKYO: Factory activity in many Asia economies weakened in March despite a rebound in China as lacklustre domestic demand dragged on growth, surveys showed on Monday (Apr 1), clouding the outlook for a once fast-expanding, key driver of the global economy. Export powerhouses Japan and South Korea saw manufacturing activities […]
NEW YORK: Robert Bosch GmbH, Lennox International and Samsung Electronics are among the industrial firms competing to acquire heating and ventilation assets worth over $6 billion from Johnson Controls International, people familiar with the matter said on Friday. Milwaukee-based Johnson Controls has been working with its advisers to sell its […]
WASHINGTON: President Joe Biden’s administration on Friday urged the U.S. Supreme Court to turn away billionaire businessman Elon Musk’s dispute with the Securities and Exchange Commission. Musk in December asked the justices to take up his appeal after a lower court upheld his consent decree with the SEC that arose […]
KUALA LUMPUR : Malaysia’s industrial production grew faster than expected in January, rising 4.3 percent from a year earlier, government data showed on Tuesday. The rate of expansion was the quickest since May last year, when factory output rose 4.7 percent. January’s output had been forecast to expand 2 per […]
TOKYO: Japan’s government on Tuesday approved a draft amendment to existing legislation to allow for the installation of offshore wind power in exclusive economic zones (EEZ), a milestone towards the country’s goal of carbon neutrality by 2050. Japan aims to have 10 gigawatt (GW) of offshore wind power projects by […]
BRUSSELS : Meta Platforms was hit with privacy complaints on Thursday as eight EU consumer groups asked watchdogs to act against the Facebook owner for allegedly breaching the bloc’s privacy rules when it hoovers up user data. The complaints by the consumer groups in the Czech Republic, Denmark, France, Greece, […]
KUALA LUMPUR : Malaysia’s finance ministry on Thursday dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit’s value to appreciate this year. The ringgit has fallen about 3.7 per cent this year so far and briefly hit a 26-year low last […]
TOKYO: The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. Leading cryptocurrency bitcoin soared to a more than two-year high above $57,000 after […]
OTTAWA: Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison. The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children […]