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Business 29 Jul 2019 | 12:00 AM

Hong Kong’s economy hit by protests, says Finance Secretary

HONG KONG: Social unrest gripping Hong Kong has affected the city’s economy and businesses, and the unemployment rate is likely to rise from current levels, Financial Secretary Paul Chan said in a blog post.

Business 16 Jul 2019 | 12:00 AM

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 04 Jul 2019 | 11:20 PM

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 27 Jun 2019 | 12:00 AM

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 09 Jun 2019 | 10:56 PM

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 19 May 2019 | 10:47 PM

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 13 May 2019 | 12:00 AM

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 03 May 2019 | 1:35 AM

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.