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TOKYO: The Bank of Japan (BoJ) has cut its assessment for three of the country’s nine regions, the biggest number of downgrades in six years, suggesting that the damage to exports and factory output from slowing overseas demand was broadening.
KUALA LUMPUR: The FBM KLCI ceded more ground at the start of the week as declines in financial stocks set the local market at odds with most regional peers.
HONG KONG: China's Huawei Technologies called on Washington to drop the "loser's attitude" and once again rubbished U.S. allegations its gear could be used by Beijing for spying, as its network business weakened amid mounting global scrutiny.
PARIS (Reuters): Upmarket handbag maker Hermes , one of the luxury brands still riding high on strong demand from Asian clients, said on Wednesday it had not observed any change in sales trends so far this year.
MANILA: Philippine central bank Deputy Governor Diwa Guinigundo said a quick reversal of last year’s monetary tightening -- either through a reduction in the amount of cash that banks must hold as reserves or a cut in key interest rates -- would be “bad economic or monetary policy.”
KUALA LUMPUR: More than four-fifth of Malaysians believe the banking sector has a good reputation, 10 years after the global financial crisis and in the aftermath of the 1MDB scandal, according to a survey carried out by MHP Communications.
(Reuters): Facebook Inc will invest US$300mil over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide.
The secret discussions show how China uses its political and financial clout to bolster its position overseas