REUTERS: The valuation of Asian shares surged to a 10.5-year high in June, tracking a rally in global stocks, as upbeat US and China data renewed hopes of a swift economic recovery, offsetting concerns over rising coronavirus cases. The MSCI’s broadest index of Asia-Pacific shares gained 4.83 per cent last […]
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The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic. TOKYO: The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. […]
PARIS: China’s Huawei is not totally banned from France’s next-generation 5G wireless market, but French operators using them will only get limited licences, the head of the national cybersecurity agency told Les Echos newspaper on Sunday (Jul 5). The comments were the latest development in the controversy over Huawei’s involvement, […]
Domestic saving, already depressed, is headed deep into negative territory, says Stephen S. Roach. NEW HAVEN, Connecticut: Pandemic time runs at warp speed. That’s true of the COVID-19 infection rate, as well as the unprecedented scientific efforts under way to find a vaccine. It is also true of transformational developments […]
LONDON: China’s Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms infrastructure, Britain’s health minister said on Sunday, after a report that the firm would be banned from the project. Officials are drawing up proposals to stop installing Huawei […]
BEIJING: China’s Semiconductor Manufacturing International Corp (SMIC) will raise 46.29 billion yuan (US$6.55 billion) in a Shanghai share sale, more than double its initial target, pricing its offering following a surge in its Hong Kong-listed stock. The company, which had originally sought to raise about 20 billion yuan, set the […]
JAKARTA: An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday (Jul 5), Indonesia’s Trade Ministry said. The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), signed last year and ratified by the Indonesia’s parliament in February, aims to boost […]
WELLINGTON: With promises of extra financing for small businesses and more jobs as a severe economic downturn looms, New Zealand Prime Minister Jacinda Ardern on Sunday launched her party’s campaign ahead of September general election. Ardern’s rise to become New Zealand’s most popular prime minister in a century, buoyed by […]
Previous pandemics show that women are worse-off in terms of economic security and job opportunities, say observers. SYDNEY: The global research evidence is clear: Economic crises exacerbate pre-existing inequalities, damaging the employment opportunities and economic security of women more than men. The 1980s debt crisis, the 1997 Asian financial crisis […]
LONDON: British Prime Minister Boris Johnson is expected to begin phasing out the use of Chinese tech giant Huawei’s technology in Britain’s 5G network as soon as this year, The Daily Telegraph reported on Saturday (Jul 4). Officials are drawing up proposals to stop installing new Huawei Technologies equipment in […]