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Business 09 Apr 2019 | 12:00 AM

BoJ governor offers bleakest view in six years on Japan’s regions

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.

Business 01 Apr 2019 | 5:03 AM

Financial stocks drag on KLCI, broader market stays positive

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.

Business 01 Apr 2019 | 12:00 AM

Talk is cheap. Unless you’re a UBS banker

CARELESS talk costs dollars.

Corporate News 29 Mar 2019 | 8:50 AM

Huawei urges US to drop loser's attitude as carrier business revenue slips

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.

Corporate News 20 Mar 2019 | 9:58 AM

Handbag maker Hermes still benefiting from buoyant Asian demand

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.

Economy 04 Feb 2019 | 2:13 AM

No rush to reverse Philippine rate hikes, central banker says

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.”

Banking 24 Jan 2019 | 2:58 AM

Most Malaysians believe financial sector strong, says MHP survey

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.

Corporate News 15 Jan 2019 | 12:04 PM

Facebook to invest US$300mil to help local news survive

(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.

Corporate News 09 Jan 2019 | 6:47 AM

Belt and Road is more chaos than conspiracy

IS China’s Belt and Road Initiative a bold infrastructure vision, or a slush fund? The question is becoming more pressing.

Business 08 Jan 2019 | 5:22 AM

WSJ investigation: China offered to bail out troubled Malaysian fund in return for deals

The secret discussions show how China uses its political and financial clout to bolster its position overseas