TOKYO: The Bank of Japan must immediately end its negative interest rate policy as it has allowed companies to delay efforts to boost productivity by keeping borrowing costs ultra-low, said ruling party heavyweight Shigeru Ishiba. “It’s an extreme policy that shouldn’t exist in the first place,” Ishiba said of negative […]
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BEIJING : China’s major southern city of Guangzhou fully relaxed home purchase limits for some people on Saturday and said it would increase affordable housing supply, in a move to support the local property market. Properties with a floor area of more than 120 square metres (1,292 square feet) are […]
HONG KONG : Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as warming ties between China and the Middle East continue to offer business opportunities. “(Chinese) investment management and asset management firms have been […]
Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow up fast. Investors have embraced 11 U.S. exchange traded funds (ETFs), tracking bitcoin’s spot price, that began trading on Jan. 11 after receiving regulatory approval; after […]
SAN FRANCISCO: Microsoft said yesterday that a Russian state-sponsored group hacked into its corporate systems on January 12 and stole some emails and documents from staff accounts. The Russian group was able to access “a very small percentage” of Microsoft corporate email accounts, including members of its senior leadership team […]
BANGKOK : Thai Prime Minister Srettha Thavisin said on Friday his government will move ahead with its flagship $14.3-billion ‘digital wallet’ handout scheme, though it may be delayed. Srettha, who has been touting the policy as a stimulus measure necessary to revive a sluggish economy, did not specify a launch […]
TOKYO : German renewable energy company RWE plans further expansions into Japan’s offshore wind sector after winning its first project last month, a senior executive told Reuters, and also considers South Korea a promising market. RWE, the world’s second-biggest offshore wind company, won the right to build a 684-megawatt (MW) […]
BENGALURU: India’s No.1 software services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since […]
MELBOURNE: Caroline Wozniacki and Angelique Kerber have both experienced great triumphs at the Australian Open but admit they will be unable to focus purely on the tennis as they return to Melbourne Park after long absences this year. Wozniacki won her only Grand Slam title on Rod Laver Arena to […]
JAKARTA : China’s BYD, the world’s biggest seller of battery electric vehicles (BEVs), will launch its cars in Indonesia next week, the company said on Tuesday. The launch comes amid efforts from Indonesia to accelerate adoption of EVs in a bid to reduce emissions.