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Business 10 Jul 2019 | 8:15 AM

German bond yields hit 10-day high, markets poised for Powell

LONDON: Germany’s 10-year government bond yield rose to its highest since July 1 on Wednesday, boosted by French industrial production data, as markets waited to see whether Fed Chairman Jay Powell’s testimony to Congress met their dovish expectations.

Business 10 Jul 2019 | 9:32 AM

Amid cautious market, UWC shines on trading debut

KUALA LUMPUR: Integrated engineering supporting services provider, UWC Bhd hogged the limelight on Bursa Malaysia during its trading debut on Wednesday amid a cautious broader market

Business 11 Jul 2019 | 12:00 AM

UK hotel investor Faber joins bidding for Anbang portfolio

SHANGHAI: Richard Faber, a former lieutenant to the United Kingdom’s billionaire Barclay twins, is fronting an investor group that’s competing for a luxury hotel portfolio owned by Anbang Insurance Group Co, sources said.

Business 11 Jul 2019 | 8:13 AM

China says US trade row can be resolved through mutual respect

BEIJING: China and the United States can find a way to resolve their trade dispute if each other's concerns are taken into consideration, the commerce ministry said on Thursday.

On Your Side 12 Jul 2019 | 12:00 AM

Please leave your wallet at home

IMAGINE going more than a year without carrying cash on your person. No money at all, just your smartphone and credit cards.

Business 12 Jul 2019 | 6:04 AM

Malaysia’s e-commerce industry poised for strong growth in 2H19

KUALA LUMPUR: Shopee, Southeast Asia and Taiwan’s leading e-commerce platform, expects e-commerce activities to increase in the second half of the year.

Business 12 Jul 2019 | 7:41 AM

Fosun Group mulls US$940m rescue of debt-strapped Thomas Cook

HONG KONG: China’s Fosun Group is considering a 750 million-pound ($940 million) rescue of Thomas Cook Group Plc, the world’s oldest travel agency, which has been struggling to pay debts amid a slowdown.

Business 12 Jul 2019 | 7:45 AM

Vietnam goes from trade war winner to Trump target

HANOI: Americans are buying solar panels from Vietnam like never before, but local manufacturer IREX Energy JSC isn’t celebrating.

Business 12 Jul 2019 | 7:51 AM

Laid-off expat bankers struggle to find jobs in Hong Kong

HONG KONG: For years, Hong Kong was a hotspot with plum jobs for overseas bankers as global firms hired aggressively. But many recently laid-off bankers in the city are finding that cost-cutting and a demand for Mandarin speakers have diminished the opportunities for expats in Asia’s financial hub.

Business 12 Jul 2019 | 7:59 AM

Philippines plans to set up hubs for online casinos

MANILA: Online casino centres are under construction north and south of the Philippine capital to cash in on the booming gaming sector, the nation’s gaming regulator Andrea Domingo said in Manila.