Japanese firms cut spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, as the coronavirus pandemic delivered a heavy blow to business activity.
Asian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve comments that suggested rates will stay low for an extended period.
The Trump administration and Senate Republicans have been in regular contact over possible coronavirus relief measures and the Senate's top Republican will "hopefully" unveil a new bill next week, Treasury Secretary Steven Mnuchin said on Monday.
Facebook Inc said on Monday it is partnering with external researchers to examine the impact of the social media site on society during the 2020 U.S. presidential election.
Berkshire Hathaway Inc's US$6.2 billion foray into Japan's five largest trading houses may signal billionaire Warren Buffett's expectation that inflation and a falling U.S. dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic.
These will be driven by factors including the change in customer behaviours, geographical location of cities, ongoing travel restrictions and the establishment of travel bubbles, says a University of London observer.
SINGAPORE banks' capital ratios should be sustained at around 14 per cent over the next few years, or they risk triggering a rating downgrade, warned Fitch Ratings.
WHAT does it mean to be "significantly rooted" in Singapore's financial sector?
SINGAPORE's bank lending extended its slide for the fifth straight month in July, dipping 0.2 per cent to S$678.7 billion from the previous month on general weakness in business loans.
WITH the US elections looming, a Trump presidency is not necessarily better for the US dollar (USD), while a Biden administration may not be as USD-negative as believed, OCBC Treasury Research said in a research note on Friday.
