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Business 07 Jul 2016 | 12:46 AM Premium

Asia stocks higher early Thursday on upbeat US data

SYDNEY: Asian share markets crept cautiously higher early on Thursday after upbeat U.S. economic data took the sting out of losses in European equities and lifted Wall Street to a firmer finish.

World 06 Jul 2016 | 7:10 AM Premium

Abe's election campaign puts BOJ policy in the back seat

TOKYO (Reuters) - The Bank of Japan was once at the centre of Prime Minister Shinzo Abe's audacious reflationary drive, but with little to show for three years of massive stimulus it finds itself sidelined ahead of upper house election this weekend.

Business 06 Jul 2016 | 12:00 AM Premium

RBA’s next move on rates

SYDNEY: For the next move on Australian interest rates, it all comes down to the quarterly inflation report on July 27.

World 05 Jul 2016 | 11:34 PM Premium

Venezuelans seek spirituality from mountain goddess, African traditions

CARACAS (Reuters) - One long night every year in a mountainous rain forest in Venezuela, hundreds gather to dance on red-hot embers, enter trance-like states, and worship an ancient goddess known as Maria Lionza.

Business 05 Jul 2016 | 7:55 AM Premium

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Economy 05 Jul 2016 | 6:59 AM Premium

Australia central bank silent on outlook as it holds rates

SYDNEY: Australia's central bank kept interest rates at an all-time low of 1.75% on Tuesday, a widely expected decision given political uncertainty at home and abroad and a lack of timely data on domestic inflation.

Business 05 Jul 2016 | 12:00 AM Premium

Global food prices set to stagnate as population growth slowing

LONDON: Food prices will stagnate over the next decade as the population growth rate declines and income expansion in emerging economies slows.

Business 05 Jul 2016 | 12:00 AM Premium

Aussie gridlock leaves central bank to do heavy lifting

SYDNEY: Australia’s central bank will have to carry the economy on its own after a cliff hanger election condemned the country to months of deadlock on budget reform, adding to an already compelling case for another cut in interest rates.

Business 05 Jul 2016 | 12:00 AM Premium

BoJ advised to refrain from easing

TOKYO: The Bank of Japan (BoJ) should refrain from expanding stimulus further as the risks of additional easing outweigh the benefits, especially as borrowing costs are already very low, former central bank policymaker Sayuri Shirai said

Nation 05 Jul 2016 | 12:00 AM Premium

Penang may restore rent control in city heritage zone

GEORGE TOWN: The state government is looking at re-introducing the repealed Rent Control Act 1966 to prevent the inflation of property rentals in the George Town heritage site.