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NEW YORK: US Treasury yields edged higher yesterday in a holiday-shortened week, as risk appetite rose with shares on Wall Street hitting record highs again after President Donald Trump signed into law overnight an additional coronavirus relief package. Financial markets were closed on Friday for Christmas day.
KUALA LUMPUR: The United States banned imports of palm oil from Sime Darby Plantation from Wednesday over allegations of forced labour in the production process, the U.S. Customs and Border Protection (CBP) said.
MEXICO CITY: Mexican Finance Minister Arturo Herrera on Wednesday criticised a controversial bill proposed by the country’s ruling party that would force the central bank to buy foreign cash commercial banks are unable to return to the financial system.
SINGAPORE: Parties to event and tourism-related contracts who are unable to fulfil their contractual obligations owing to Covid-19 will continue to get temporary relief from legal and enforcement action for an additional month.
LAST year was a one of deep anger with ourselves, our fate, other people and the politicians. We were angry for good reasons, but more so with reason itself.
Demand is growing as nations look for reliable alternative
LONDON: Christmas was cancelled for dealmakers this year.
SINGAPORE: Coronavirus-spurred growth in the technology sector will help drive merger and acquisition (M&A) activity in the Asia Pacific this year, bankers and lawyers predict, with the potential easing of Sino-United States tensions likely to revive Chinese outbound investment.
BEIJING: The American brand of rules-based free market economy suffers another blow as the New York Stock Exchange, demanded by an ill-based executive order of the current US administration issued in November, moved recently to delist three major Chinese telecom operators.