Overseas equity funds with exposure to Chinese equities are on course to deliver their weakest performance in three years, as the stocks were hit by an economic slowdown, a tech crackdown and an increase in default risks in the property sector. Refinitiv Lipper data showed that China-focused overseas equity funds […]
Business
KUALA LUMPUR : AirAsia Group Bhd has partnered with more than 20 airlines as it builds up its Super App into an online travel agency that also sells flights by competitors, the Malaysian budget airline said on Thursday. The airlines which joined airasia Super App as partners included Air Canada, […]
SINGAPORE : China’s anti-corruption watchdog is investigating a former senior executive of top state energy giant PetroChina for suspected “serious disciplinary violations”, the Central Commission for Discipline Inspection (CCDI) said on Sunday. Ling Xiao, who resigned last month from his position as a vice president of PetroChina, turned himself in […]
Stonemasons discovered 239 pieces of gold, minted before the French Revolution, when they began renovating the property near Quimper in the western Brittany region. Paris: Hundreds of rare gold coins dug out of the walls of a remote French mansion fetched more than one million euros ($1.2 million) at auction […]
The Waltons are the world’s wealthiest family, worth $238 billion, according to the Bloomberg Billionaires Index The Walton family is shedding light on its stock picks, revealing it held almost $5 billion in equities at the end of June through a little-known firm that helps invest its Walmart Inc. fortune. […]
Amazon will be required to pay the employees lost wages according to the agreement. New York: Amazon has reached an agreement with two employees who accused the e-commerce giant of dismissing them in retaliation for their activism, both parties said Wednesday. Maren Costa and Emily Cunningham, who led an advocacy […]
BANGKOK : Thailand’s economy is forecast to grow 1per cent this year, down from the 2.2per cent projected in July, hit by a spike in COVID-19 cases and a delayed reopening to visitors, the World Bank said on Tuesday, as the country fights its biggest virus outbreak to date. Southeast […]
SYDNEY : Australian retail sales dived for a third straight month in August as half the population were trapped in coronavirus lockdowns, though reopening is in sight as vaccinations race toward world-beating levels. Figures from the Australian Bureau of Statistics on Tuesday showed retail sales fell 1.7per cent in August […]
MELBOURNE:Hess Corp sees oil markets remaining tight in the short term and supporting strong prices as demand recovers more quickly than supply post-pandemic with U.S. shale producers holding back capital spending, its president said on Monday. The oil producer expects a V-shaped recovery in demand and a U-shaped recovery in […]
KUALA LUMPUR: Malaysia is targeting economic growth of 4.5per cent to 5.5per cent per annum between 2021 and 2025, Prime Minister Ismail Sabri Yaakob said on Monday. The government expects the Southeast Asian nation’s financial position to improve in 2023 when the economy strengthens, the premier said while launching Malaysia’s […]