Latest
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Economy
New Zealand holds key rate as economy rebounds
New Zealand's central bank held interest rates at the lowest level in 3-1/2 years and expects them to remain there for a period while the economy regathers momentum.
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Corporate News
Elliott builds Norwegian cruise stake, alleges overspending on concert
Activist investor Elliott Investment Management has built a stake of more than 10% in Norwegian Cruise Line Holdings Ltd, citing concerns about management and spending on events including a Katy Perry concert.
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Corporate News
Sarawak-based projects to buoy KKB Engineering
KKB Engineering Bhd will likely benefit from more Sarawak-based projects this year if things go as planned.
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Economy
Australia’s high wage growth reinforces RBA’s inflation challenge
Australia's annual wage growth remained elevated last quarter, highlighting ongoing labour market tightness and reinforcing the inflation challenge facing the Reserve Bank of Australia (RBA) after this month's interest-rate hike.
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Corporate News
IMF team due on 26th for review, budget talks
An International Monetary Fund (IMF) mission led by Iva Petrova is due to visit Pakistan on Feb 26 to review implementation of the US$7bil Extended Fund Facility (EFF) and the US$1.1bil Resilience and Sustainability Facility (RSF), officials say.
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Corporate News
Japan insurers seek change
A Japanese accounting group is seeking to ease rules on how life insurers book paper losses on government bonds.
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Corporate News
Cocoa reliance shapes Lotte, Orion snack fortunes
South Korea's confectionery giants – Lotte Wellfood and Orion – seemed to thrive on paper last year, as brisk overseas demand pushed sales to record highs.
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Economy
Fed sees AI lifting neutral interest rate
Some Federal Reserve (Fed) officials have begun suggesting in recent days that productivity growth from artificial intelligence (AI) could mean higher interest rates, a view that would put them at odds with the Trump administration and its nominee to lead the US central bank.
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Economy
Trump-backed deal spurs US$36bil initiative
Japan plans to invest US$36bil in US oil, gas and critical mineral projects, the first tranche of its US$550bil commitment under the trade agreement it struck with President Donald Trump.
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Corporate News
Adani plots massive AI infrastructure push
The Adani Group on Tuesday committed US$100bil to build renewable-energy-powered, hyperscale artificial intelligence or AI-ready data centres by 2035, outlining what it described as one of the world's largest integrated energy and compute investments.
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Corporate News
Lotte Chemical faces uncertain margins, market
The situation for Lotte Chemical Titan Holding Bhd is not looking good.
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Forex
RBI rules on offshore trades to tighten oversight
Indian central bank's proposal requiring banks to report their offshore rupee transactions would further tighten the authority's grip on the currency market, analysts say.
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Economy
Bangladesh machinery imports rise on political hopes
Imports of capital machinery are picking up, showing signs of renewed business interest on expectations of greater stability in both politics and the economy.
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Corporate News
SMC unit puts in lowest bid for Meralco deal
A unit of San Miguel Corp might bag a 200MW supply deal with Manila Electric Co (Meralco) after it submitted the lowest offer at a recent bidding.
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Corporate News
Perak Transit remains operationally strong
BIMB Research expects Perak Transit Bhd's operations to remain relatively stable, supported by resilient demand for value-for-money, last-mile public transport services.In its most recent report, the research house says news flows have been rather benign over the quarter, with no indications of forced share disposals – an indication that all is well and gyrates positively with the bus operator.
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Economy
Thai industrial sentiment rises in January
Thailand's industrial sentiment index rose in January due to government measures and tourism, according to the Federation of Thai Industries (FTI).
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Economy
Lagarde has not reached decision on ECB term
European Central Bank (ECB) president Christine Lagarde is expected to step down from her role before her eight-year term ends in October 2027, the Financial Times reports.
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Corporate News
Santos to cut workforce by 10% after slump in annual profit
Santos Ltd is targeting a 10% headcount reduction after Australia's second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.
