Chinese People’s Liberation Army troops were deployed onto the streets of Macau on Friday to help clean up in the aftermath of a devastating typhoon and amid mounting criticism authorities were unprepared for the severity of the storm. Macau public broadcaster, TDM, reported some 1,000 Chinese PLA troops left their Macau barracks to assist in […]
Read moreGerman business confidence deteriorated slightly in August after hitting three record highs in a row, a survey showed on Friday, suggesting that a consumption-led upswing in Europe’s largest economy could have reached a plateau. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, edged down […]
Read moreCentral banks globally have spent years fruitlessly trying to awaken long-dormant inflation, and some analysts say it’s time to stop trying. Anemic inflation has become a bugaboo for global central banks, with frequent mentions in the meeting minutes. It’s been a speed bump in the U.S. Federal Reserve‘s path toward normalizing interest rates, with members […]
Read moreChina will tighten controls over intellectual property to provide better opportunities for foreign firms, the commerce ministry said on Friday. The government’s crackdown on intellectual property violations will focus on trademark registration abuse and business secret theft, Wang Shouwen, a vice commerce ministertold reporters at a press briefing in Beijing, adding that China’s IP protection […]
Read moreHigh margins, a large market with low banking penetration and healthy economic growth are key reasons why Indonesia is considered one of the most attractive markets for financial institutions in Southeast Asia. Moody’s recently changed its outlook on the Indonesian banking system to positive from stable, as it saw improvements in the country’s operating environment, […]
Read moreA Thai Supreme Court judge said he suspected Yingluck Shinawatra, the prime minister ousted by a coup in 2014, had fled or gone into hiding after she failed to attend court on Friday for the verdict in a negligence case brought by the ruling junta. Yingluck, whose family has dominated Thai politics for more than […]
Read moreRide-hailing firm Grab, the main Southeast Asian rival of Uber Technologies, said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payments platform, GrabPay, and build a local team of up […]
Read moreIndian IT services firm Infosys named Nandan Nilekani, one of its founders and former heads, as chairman on Thursday in a bid to end a lengthy feud between the board and the company’s founders. The move is likely to reassure employees and clients, and quell shareholder concerns after the shock resignation of its Chief Executive […]
Read moreThe U.S. Federal Reserve must do a lot of work to convince skeptical markets that interest rate hikes are in the cards, said Mark Zandi, chief economist at Moody’s Analytics. “Markets still aren’t quite convinced. They haven’t bought into the Federal Reserve’s forecast, my forecast, for the path for future interest rates,” he told CNBC’s […]
Read moreJapan will impose additional sanctions against North Korea following the reclusive country’srepeated missile launches and unresolved abduction issue, its top government spokesman said on Friday. Chief Cabinet Secretary Yoshihide Suga told reporters that Japan would freeze the assets of six more organisations and two more individuals linked to North Korea. North Korean leader Kim Jong […]
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