China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan (US$5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday.
Asia's factory activity continued to expand in May thanks to an ongoing recovery in global demand, surveys showed on Tuesday, though rising raw material costs and supply chain constraints clouded the outlook.
China's home prices are expected to grow faster this year than anticipated a few months earlier fuelled by hot demand in major cities and easy liquidity, despite Beijing's heightened cooling measures, a Reuters poll showed.
The dollar languished near multi-month lows versus major peers on Tuesday as traders pondered the prospects for early policy normalization by the Federal Reserve ahead of a key jobs report at the end of the week.
Private-equity firms KKR & Co and Clayton Dubilier & Rice LLC are nearing a deal to buy Cloudera Inc and take the software company private, the WSJ reported on Monday, citing people familiar with the matter.
Factory activity in Japan expanded at a slower pace in May as growth in output and new orders eased, and though external demand remains strong worries are growing that domestic coronavirus emergency curbs could derail the economic recovery.
Japanese companies cut spending on plant and equipment for the fourth consecutive quarter in January-March, as the economy struggles to shake off the drag from the coronavirus pandemic.
Australian and North American units of the world's largest meat works were hit over the weekend by an organised cyber attack on its information systems, Brazil's JBS SA said in a statement.
BUSINESS confidence and loan demand remains "very mixed" across the different industries given the K-shaped nature of the Covid-19 recovery story, said OCBC chief economist Selena Ling in a note on Monday.
Top officials from 38 countries agreed on Monday that efforts to rebuild economies from the COVID-19 pandemic should be guided by green principles and seek to reduce global greenhouse emissions.
