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Business

Nervous HK millionaires are moving their cash to Singapore

SINGAPORE: Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long term effects of the political crisis in the Chinese city.

Business

UK firms, waiting for Brexit, turn more gloomy about economy

LONDON: British businesses have turned gloomier about the economy as the country's political crisis deepens, bucking an improvement in sentiment earlier this year, according to a survey published by an employers group on Friday.

Business

More measures to protect consumers

PETALING JAYA: A new legislation is being formulated to protect consumers and to ensure that they are treated fairly when they borrow regardless from banks, cooperatives, money lenders or credit companies.

Business

UK's Johnson baulks at Brexit cost as leadership race hots up

LONDON/PARIS:Boris Johnson, the favorite to succeed Theresa May as Britain's prime minister, said on Sunday he would withhold payment of the country's European Union exit bill to try and get a better deal - a move that drew an immediate rebuke from France.

Business

May's new Brexit offer retains Northern Irish backstop, nothing new on customs

LONDON: British Prime Minister Theresa May's new Brexit offer to UK lawmakers retains the Northern Irish backstop and does not add anything new on customs arrangements, The Telegraph newspaper reported late on Sunday.

Business

Is democracy in retreat?

A fortnight ago, markets were going great guns, with the S&P 500 hitting record high, even as there was increasing evidence that global trade and many economies were slowing. Last week the markets took a sharp turn as the White House twittered that tariffs would once again be escalated for US-China trade.

Business

Asian markets calm as investors await US jobs report

SYDNEY: Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a U.S. rate cut this year while oil prices loitered near one-month lows on oversupply fears.

Business

Oil falls on surging US output, set for second week of declines(Update)

SINGAPORE: Oil prices slipped on Friday, extending a steep fall from the previous session on surging U.S. output and an expected supply increase from producer club OPEC and putting crude on track for a second week of declines.

Business

Oil prices dip on record US output, global market tense(Update)

SINGAPORE: Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Business

The existential crisis of Pax Americana

IS the world in crisis or is it only a crisis of the neo-liberal order?