Markets

SHANGHAI: China has passed a new law restricting sensitive exports to protect national security, allowing Beijing to reciprocate against the US as tensions mount between the sides over trade and technology. The law, which will apply to all companies in China, was passed on Saturday (Oct 17) by the ......

SHANGHAI: China on Sunday (Oct 18) detailed steps to grant more autonomy to Shenzhen, letting the southern financial and technology hub pilot reforms in market development and economic integration. The changes announced by the National Development and Reform Commission include more flexibility to ...

French carmaker Renault will unveil an eight-year plan next year as the group contends with a demand slump exacerbated by the coronavirus crisis, Chief Executive Luca de Meo said in a newspaper interview published on Sunday.

China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.

WASHINGTON: The US Senate will vote on Wednesday (Oct 21) on a US$300 billion Senate Republican COVID-19 relief Bill that is far below the estimated US$2 trillion that Democrats have demanded. The Bill, dubbed a "skinny" relief Bill for its pared-down funding, was already rejected by Democrats in ...

NEW YORK: Tougher US financial regulation is needed to avoid the rise of excessive risk-taking and asset bubbles in the markets at a time when the Federal Reserve is keeping interest rates low, two senior Fed officials told the Financial Times in an article published on Saturday (Oct 17). Boston...

LONDON: Michael Gove, the minister handling Brexit divorce issues for Britain, said on Sunday (Oct 18) that the UK is "increasingly well-prepared" for a no-deal Brexit even as businesses urged Britain and the European Union to find a compromise over trade terms. A tumultuous "no deal" finale to ......

More than 70 British business groups representing over 7 million workers have made a last-ditch attempt to persuade politicians to get back on the dialogue table next week to strike a deal with the European Union, the Financial Times newspaper reported on Sunday.

With the economies of the world facing stress from the fallout of COVID-19, not being able to come together to work out international policy is a problem, says this observer.

KUALA LUMPUR: While COVID-19 has hurt the viability of many businesses, independent bookstores in Malaysia are holding on to their customers, thanks to loyal bibliophiles who prefer old school print on paper.  Amid the pandemic and its movement restrictions, regular customers are purchasing more ...