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KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and the Sarawak state government have signed a commercial settlement agreement on the issues involving the state’s sales tax and oil mining laws.
Sydney: Australia’s central bank is expected to slash interest rates to historic lows today, the first cut in three years amid global trade concerns and an underperforming domestic economy.
SINGAPORE: Talk of consolidation among Singapore real estate investment trusts ramped up after the regulator strengthened rules governing the market in 2015. Four years on, it’s finally happening.
BUENOS AIRES: Many delegates from the world's 20 largest economies arrived at a summit in Argentina this week determined to clinch an agreement to reform the global trade system, pushed to a breaking point by tensions between the United States and China
HONG KONG: China’s first sovereign US dollar bond in more than a decade has done poorly for investors who scrambled to get a piece of the rare offering amid overwhelming demand.
NEW YORK: The Nasdaq rose to a fresh record Tuesday, with Apple surpassing US$800bil in market value, but US equities finished mostly lower on revived worries about North Korea.
BOGOR: Indonesia and Saudi Arabia Wednesday signed agreements in areas ranging from trade to aviation as the kingdom’s monarch visited the world’s most populous Muslim-majority country for the first time in almost half a century.
SINGAPORE: A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million ($3.08 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal ruling.
WASHINGTON: President Barack Obama on Tuesday secured the 60 votes he needs in the Senate to pass a sweeping overhaul of US financial regulations, all but ensuring that he soon will sign into law one of the top initiatives of his presidency.