3 Hours Ago Japan business activity expands at faster pace in August: au Jibun bank Japan’s business activity expanded at a faster pace in August, powered by a “solid” service sector expansion, according to a private survey by the au Jibun bank. The country’s flash purchasing managers index came in at 52.6, compared with 52.2 … Read more
In exchange for withdrawing criminal charges and waiving future charges against the bank, Goldman Sachs agreed in July 2020 with the Muhyiddin Yassin-led government to repay Malaysia $3.9 billion. The Anwar administration has disputed the amount to be paid to Malaysia, saying the payable sum negotiated by the previous government is too small. Anwar says … Read more
2 Hours Ago Country Garden Holdings to be removed from Hang Seng Index Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong’s Hang Seng Index after the benchmark’s latest quarterly review. In its place, pharmaceutical firm Sinopharm will be added. Country Garden Services Holdings, which is a property management … Read more
An Hour Ago Indonesia’s second quarter GDP grew above analysts’ expectations Indonesia’s gross domestic product for the second quarter expanded 5.17% year-on-year, higher than analyst forecasts of a 4.93% growth, according to Refinitiv data. On a quarterly basis, the Southeast Asian nation’s GDP grew 3.86%. —Lee Ying Shan An Hour Ago Thailand’s July inflation numbers … Read more
“You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break, you just don’t know when and where,” Kevin O’Leary told CNBC’s “Street Signs Asia” on Thursday. “I am telling investors that I work with and I advise … let’s wait 90 days … Read more
Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more