Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.Real gross domestic product, a...
The 31-year-old Dong, a former teacher who gained fame and wealth in China’s live-streaming e-commerce sector, left his employer because of “career aspirations, commitment to his other pursuits and personal time arrangements”, Hong Kong-listed East Buy said in a filing...
Thailand will set up a task force to enhance the due diligence capabilities of its financial institutions, the country’s foreign ministry has said. The move aims to prevent transactions by banks that could lead to arms purchases and human...
TOKYO — Suffice to say, 2024 hasn’t turned out the way Japanese Prime Minister Fumio Kishida expected. Rather than being a standout in Asia, Japan’s economy is skirting recession. The Bank of Japan still hasn’t hiked interest rates, though Tokyo had fully...
China’s central bank on Thursday unexpectedly cut a medium-term interest rate by the most in more than four years, marking the latest move by authorities to boost economic growth. People’s Bank of China. File photo: Julien G., via Flickr CC2.0....
Japanese stocks witnessed a sharp outflow of foreign funds in the week to July 19, driven by a global selloff in technology shares and worries about the outlook for local exporters after a rally in the yen.According to exchange data,...
SAN FRANCISCO, July 25 — Tesla shares tumbled 12 per cent yesterday, evaporating almost US$100 billion (RM467 billion) in stock market value after CEO Elon Musk’s talk of humanoid robots and driverless taxis failed to comfort investors worried about the...
FAST-FASHION giant Shein, known for its US$5 tops and US$10 dresses, will open a pop-up store in Johannesburg, South Africa in August as the online retailer aims to expand its brand recognition in the country.Shein, founded in China, and its...
SINGAPORE: M1, a subsidiary of Keppel, is set to retire all 3G services in Singapore starting Aug 1. This move will include voice, messaging, and data services. The Edge Singapore reported that alongside M1, other mobile network operators (MNOs)...
The department insisted the tender provided enough incentives for private developers, but said this could be reviewed in future if there was room to adjust tendering conditions.It added that authorities would not speculate on the considerations behind bids placed by...
