BERLIN : Airbus Chief Executive Guillaume Faury believes China and the West will reduce their mutual dependency in the long term but there is no question of them breaking off trade ties, he told Handelsblatt. “I think a break-up of economic areas is unthinkable,” he told the business daily. “I […]
Business
BEIJING : China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators said on Thursday. The rules aim to promote healthy development of the insurance industry, prevent and resolve financial risks and maintain financial stability, the China Banking and Insurance Regulatory Commission said […]
TOKYO: Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday (Nov 10) he had no desire to get re-appointed for another five-year term to head the central bank, after his current one ends in April next year. “In April, it will be 10 years since I became governor. Personally, […]
KUALA LUMPUR: Malaysia’s 15th General Election (GE15) candidates have turned to TikTok as one of the platforms to draw support from voters, especially the young. One of them is Perikatan Nasional (PN) chairman Muhyiddin Yassin who participated in a TikTok trend to a song called Swipe, a hip hop track […]
BRUSSELS: Russia’s missile strikes on Ukraine have laid bare the “malice and cruelty” of its war and further united the international community to support Ukraine’s military efforts to defend itself, US Defence Secretary Lloyd Austin said today. Austin, speaking at the start of a Ukraine-focused meeting at Nato headquarters, praised […]
TOKYO : It is important for Japan to connect the weak yen to economic revitalisation through a recovery of inbound tourism and bringing companies back to the country, Prime Minister Fumio Kishida told parliament on Wednesday. Kishida added that specific monetary policy moves, such as an exit from easing, were […]
JERUSALEM : A free trade agreement between Israel and South Korea will go into effect on Dec. 1, Israel’s Economy Ministry said on Wednesday, in a move expected to lower the prices of Korean-made cars, toys, video game consoles and soy sauce. The agreement was ratified by Korea’s parliament on […]
HONG KONG : Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world’s second-largest economy after withdrawing last year. UBP has more than $150 billion of assets. It returned to China in August after having exited […]
SEOUL : South Korean authorities are exploring ways to divert some the domestic pension fund’s foreign currency needs as they try to put a floor under a rapidly weakening won. The country’s central bank is reviewing a currency swap with the National Pension Service to sate the fund’s dollar needs, […]
Global equity funds remained out of favour in the seven days to Sept. 7 as a strong U.S. services industry report fuelled concerns that the Federal Reserve would keep hiking interest rates to tame inflation. Some investors had expected that the Fed might temper its rate hikes to avert a […]