SINGAPORE: Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday (Jul 13), adding that the next step was a commercial rollout. The final phase of the years-long Project Ubin saw the Monetary Authority of Singapore (MAS) team up with state […]
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SINGAPORE: Oil slipped in early Asian trade on Monday (Jul 13) as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to US$42.97 a barrel by 0114 GMT while […]
SHANGHAI: China will show “zero tolerance” towards securities and accounting fraud and will step up a crackdown on major capital-markets crimes, financial regulators said after a meeting of the Financial Stability Development Committee. The meeting on Sunday (Jul 12) was chaired by Vice Premier Liu He, the Cabinet-equivalent State Council […]
TOKYO: The US dollar started the week with a soft tone on Monday (Jul 13) as investors looked to looming economic data from around the world and US corporate earnings to gauge whether the markets’ guarded optimism on the economic outlook is justified. The greenback ended its third week of […]
LONDON: Bournemouth breathed life into their Premier League survival bid on Sunday (Jul 13), coming from a goal down to beat fourth-placed Leicester City 4-1 for their first win in 10 games. Leicester were in command after Jamie Vardy’s scrappy first-half goal. But with the relegation trapdoor creaking underneath their […]
HONG KONG: A majority of US companies in Hong Kong surveyed by the American Chamber of Commerce (Amcham) are concerned about the sweeping new national security law in the global financial hub, with a third looking to move assets or business longer-term. The legislation, which punishes secession subversion, terrorism and […]
SAN FRANCISCO: White House trade advisor Peter Navarro said on Sunday (Jul 13) he expected President Donald Trump to act firmly against the TikTok and WeChat applications, amid rising tensions between Washington and Beijing. Trump last week had said he is considering banning the wildly-popular TikTok app as a way […]
TUNIS: Libya’s National Oil Corp (NOC) on Sunday (Jul 12) accused the United Arab Emirates of instructing eastern forces in Libya’s civil war to reimpose a blockade of oil exports after the departure of a first tanker in six months. The UAE, along with Russia and Egypt, supports the eastern-based […]
The over-reliance on large aircraft is notable in Southeast Asia and the negative impact of downturns is always amplified by overcapacity, says Cesar Pereira. SINGAPORE: A precise depiction of the airline industry’s recovery depends upon various factors, including duration and magnitude of the outbreak, containment measures in place, degree of […]
LONDON: Britain is urging businesses and individuals to prepare for the Dec 31 end of the Brexit transition period with an information campaign titled: “The UK’s new start: let’s get going.” Britain left the European Union on Jan 31, three and a half years after a referendum, but a transition […]