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Business

Guinea sets deadline for Rio’s ore blocks

CONAKRY: Rio Tinto has until February to formally give up its rights to part of Guinea's giant Simandou iron ore concession or it will risk losing its remaining stakes, the West African state's top mining official said.

Business

Oil maneuvers by China, India, challenge Washington

Iran, Sudan, Venezuela, Syria - nations shunned by America as nuclear threats, insurgent havens or human rights violators are increasingly being wooed by China and India in a race for oil and influence that is challenging Washington on the energy and security fronts.

Business

China-Guinea deal highlights Africa business ties

BEIJING (AP): A $7 billion mining deal between Guinea's repressive military regime and a little-known Chinese company underscores China's full-throttle rush into Africa and its willingness to deal with brutal and corrupt governments.

Economy

Thailand’s economy was already sickening

OUTSIDE China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-US trade war, the worst drought in decades and a stubbornly strong currency. Add in Beijing’s newly imposed restrictions on Chinese travellers, who account for the lion’s share of arrivals, plus the knock-on effect on other tourists, and a recession begins to look imminent.

Business

Call for enterprise business strategy as global economy walks into crisis

GLOBAL growth is expected to moderate in 2019 with risks skewed to the downside as investors attuned to the US-China trade war, uncertainty on China’s growth, the US Fed rate hike aggressiveness, global monetary policy tightening with central banks taking a step back from their long-standing market support from the very low interest rates for nearly a decade and emerging market debt noises.

Business

Surprise rise in Thai February exports

BANGKOK: Thailand reported that exports grew in February for the first time in 14 months, thanks to two unusual items - helicopters and an eight-fold increase from a month earlier for gold shipments.

Business

US, Asean to ink greater trade, investment access pact

The United States is scheduled to sign an agreement this week with Asean to allow more trade access to Southeast Asia while ensuring that U.S. intellectual property is better guarded in this region, according to a draft text.

Business

Myanmar's aviation industry booms despite grim safety record

KONEMOE, Myanmar: Htay Aung was riding pillion on a motorbike last Christmas morning, wending through the cool hills of eastern Myanmar, when Air Bagan Flight 11 came down on top of him.