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Business 06 Jul 2019 | 2:48 AM

US panel clears SoftBank's $2.25 billion investment in GM's Cruise

NEW YORK: Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co , told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan's SoftBank Corp

Business 06 Jul 2019 | 2:54 AM

Weekahead: World markets themes

Some of the main themes likely to influence investors next week

On The Beat 07 Jul 2019 | 12:00 AM

Together we stand

Farcical political situations and a depleting economy. If there’s a time to rally the troops to thwart the country’s follies, the upcoming National Day looks the opportune moment.

Business 07 Jul 2019 | 8:00 AM

Dr Mahathir looks beyond Malaysia's first century

ONE YEAR after a historic regime change, Malaysia’s politics remain a combustible cocktail of sleaze and power lust. At least the economy is on the right track, even if it’s nowhere close to fulfilling its potential.

Business 07 Jul 2019 | 8:12 AM

Wall Street banks struggle to hire local talent in China

HONG KONG: In the US, Wall Street’s biggest investment banks have been known to reject about 95% of job applicants. In China, it’s often the other way around.

Business 09 Jul 2019 | 12:00 AM

Deutsche’s layoffs have already started in Asia

HONG KONG: Deutsche Bank AG began winding down its equities business from Sydney to Mumbai, a day after the beleaguered German firm unveiled a sweeping overhaul of its operations.

Business 09 Jul 2019 | 12:00 AM

Wall St banks struggle to hire local talents in China

HONG KONG: In the US, Wall Street’s biggest investment banks have been known to reject about 95% of job applicants. In China, it’s often the other way around.

Business 10 Jul 2019 | 12:00 AM

Hong Kong’s penny stock enigma remains unsolved

Two years after Hong Kong’s securities regulator vowed to nip irregularities in the bud, flash crashes are still plaguing the world’s fourth-largest stock market.

Business 10 Jul 2019 | 12:00 AM

Chinese battery maker plans to build 20 GWh factory in Europe

BEIJING: A Chinese battery maker carved out of the country’s biggest sport utility vehicle manufacturer, Great Wall Motor Co Ltd, onsaid it is planning its first overseas manufacturing base in Europe.

Business 10 Jul 2019 | 8:09 AM

China shares fall as June producer prices fuel growth, deflation fears

SHANGHAI: Chinese shares fell on Wednesday as flat producer price inflation fuelled concerns about domestic growth, and a flood of initial public offerings targeting Shanghai’s new tech board diverted funds from the rest of the market.