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TOKYO: Mitsubishi Heavy Industries Ltd is considering spinning off its shipbuilding business and planning local partnerships as weak demand for vessels prompts companies in the industry to reorganise their operations.
SAN FRANCISCO: The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes.
CHICAGO: The Trump administration’s plan to slash corporate tax rates could free up more than US$10bil a year for US oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the marketplace.
PETALING JAYA: Women in Malaysia are the seventh most likely in the world to use a mobile device to access porn, according to a report by pornography site Pornhub.
HONG KONG: Asian stocks consolidated recent gains on Wednesday before a U.S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike fully priced in by markets.