Analysts again upgraded forecasts for the Australian and New Zealand dollars in the latest Reuters poll, but they still lag the market as investor risk appetite gets a boost from hefty central bank stimulus.
BRASILIA: Brazil's Senate passed a Bill on Wednesday (Sep 2) that tightens the safety rules and inspection for dams in the mining industry, setting fines of up to 1 billion reais (US$187 million) for failure to comply. The legislation reinforces the prohibition of the use of upstream dams for...
BEIJING: The recovery in China's service sector activity extended into a fourth straight month in August, an industry survey showed on Thursday (Sep 3), with companies hiring more people for the first time since January. The Caixin/Markit services Purchasing Managers' Index (PMI) slipped to 54.0 ...
Twitter confirmed on Thursday that an account of Indian Prime Minister Narendra Modi's personal website was hacked with a series of tweets asking its followers to donate to a relief fund through cryptocurrency.
MELBOURNE: Oil prices were little changed in early trade on Thursday, sitting near multi-week lows hit overnight on worries about fuel demand due to a patchy U.S. economic recovery. U.S. West Texas Intermediate (WTI) crude futures inched up 3 cents, or 0.1per cent, to US$41.54 a barrel at 0115...
Asian equities were set to open higher on Thursday after stronger U.S. economic data and the prospect of additional U.S. stimulus prompted sharp, and broader, gains on Wall Street, while the dollar extended its upward move.
The hegemony of US capital markets may well be under threat, says an observer.
There is a compelling case for another double dip in the aftermath of America’s devastating COVID-19 shock, says Stephen S Roach.
SINGAPORE: The move to further raise the qualifying salary for S Pass holders has drawn concern from businesses owners in some industries, who said they sometimes have no choice but to turn to foreign workers as it is difficult to hire Singaporeans for certain positions. Companies CNA spoke to ...
Wall Street stocks rocketed higher again on Wednesday (Sep 2) with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report.
