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Business 02 Jul 2019 | 10:50 PM

Emerging central banks keep cutting rates

LONDON: Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone.

Business 25 Jun 2019 | 12:00 AM

Billionaire bids for Germany’s Metro despite retail gloom

LONDON: Stores are closing across Europe as consumers shift to e-commerce and discounters barge in. Yet a pair of investors is making an audacious takeover bid for Metro AG, valuing the German chain that sells food and other staples from nondescript warehouses at US$6.6bil.

Business 23 Jun 2019 | 7:42 AM

Trump-Xi take centre stage as central banks shift

LONDON: Central bankers hand back the spotlight to presidents and prime ministers this week as leaders from the Group of 20 gather for a summit in Japan.

Business 12 Jun 2019 | 12:11 AM Premium

Foxconn says prepared to move Apple production out of China if necessary

Taiwan-based company tries to brush off investor worries over US-China trade row

Business 17 Apr 2019 | 12:00 AM

Palm oil issue not affecting trade with EU, says Matrade

KUALA LUMPUR: The trade issue between Malaysia and the European Union (EU) over palm oil will not affect other forms of exports to the EU, says the Malaysia External Trade Development Corp (Matrade).

Business 05 Apr 2019 | 11:29 PM

Norway drops Malaysia, 9 others from fixed income benchmark

OSLO, April 5: Norway's sovereign wealth fund, the world's largest, will streamline its US$300 billion fixed-income portfolio by cutting emerging market bonds from the benchmark index it tracks, the Finance Ministry said on Friday.

Business 12 Mar 2019 | 12:00 AM

Europe’s growth engine Germany sputters

BERLIN: The command center at the Otto Junker GmbH metals plant stands in sharp contrast to the noisy and smelly factory floor, where until just a few weeks ago workers operated various machines individually.

Business 04 Mar 2019 | 12:00 AM

Can inheritance tax be the answer to wealth inequality?

ONE of the most hated tax is the “inheritance tax” which hardly anyone pays in many countries. An inheritance tax, sometimes referred to as an estate tax, may apply to that accumulated amount so that the government can still get a piece of the action even after the family has held a wonderful service for the one who passed away.

Business 11 Feb 2019 | 12:00 AM

Pensioners welcome, but anyone, really

Tight labour market pushing companies to bring retirees back to work

Business 04 Feb 2019 | 12:00 AM

Powell marks one year on the job as the Fed turns dovish

LONDON: Jerome Powell (pic) this week marks his first year as chairman as the Federal Reserve under pressure to deliver on the commitment of his opening day to explain “what we are doing and why we are doing it.”