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Markets

Commentary: Weaker growth prospects herald bad news for businesses and financial markets

What’s the outlook for the global economy this year? Downside risks and the lack of a cushion throw questions on optimistic projections, say Stephen S Roach.

Markets

UOB and its clients raise over S$1.8m for charity at Chinese New Year fundraiser

UOB's group commercial banking unit and more than 800 of its clients raised more than S$1.8 million in total for local charities at the bank's annual Chinese New Year fundraiser.

Markets

Honda plans to resume Wuhan plant production with Dongfeng on Feb 14

Japanese automaker Honda Motor Co plans to resume car production at its China venture with Dongfeng Automobile on Feb. 14, according to current government guidance, a company spokesman told Reuters on Sunday.

Markets

Honda plans to resume Wuhan plant production with Dongfeng on February 14

Japanese automaker Honda Motor Co plans to resume car production at its China venture with Dongfeng Automobile on Feb. 14, according to current government guidance, a company spokesman told Reuters on Sunday.

Markets

About 30,000 Chinese work pass holders yet to return from China: Josephine Teo

SINGAPORE: About 30,000 work pass holders of Chinese nationality are currently out of town and when they return, they may have to take a leave of absence from their jobs. The number is less than one per cent of Singapore's workforce, according to the Manpower Ministry but it will...

Markets

China to inject US$174 billion of liquidity on Monday as markets reopen

China's central bank said it will inject 1.2 trillion yuan (US$173.8 billion) worth of liquidity into the markets via reverse repo operations on Monday, as the country prepares to reopen its stock markets amid a new coronavirus outbreak.

Markets

Sri Lanka to probe aircraft deal after Airbus settlement

Sri Lanka's president ordered a fresh investigation Sunday into a multi-billion dollar aircraft purchase involving the island's loss-making national carrier, days after Airbus settled corruption probes in Europe and the US.

Markets

Uber suspends 240 users accounts in Mexico over possible virus contact

Uber has suspended the accounts of 240 users in Mexico who may have been in contact with drivers that ferried a person suspected of having the deadly coronavirus.

Markets

Chinese central bank to pump US$173 billion to economy in fight against virus

BEIJING: China's central bank said Sunday (Feb 2) it would pump 1.2 trillion yuan (US$173 billion) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth. The People's Bank of China (PBOC) said in a statement it would...

Markets

Wuhan coronavirus: Licence fees waived for hotels, travel agents and tour guides, cleaning costs subsidised

SINGAPORE: Licence fees for hotels, travel agents and tour guides will be waived as part of measures to help the tourism sector in Singapore that has been “directly affected” by the Wuhan coronavirus, the Singapore Tourism Board (STB) said on Sunday (Feb 2). STB will also defray the cleaning...

Markets

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