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BEIJING: China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or the private sector.
WHILE banking stocks have so far acted negatively to the Finance Ministry’s (MoF) instruction to get banks working on exempting interest payments for moratorium borrowers, observers say it is too early to predict the exact impact on banks.
THERE is a common joke in China’s real estate fraternity. When the real estate market is bad, buyers will complain about everything during the property handover. But during a bull market, if you handover a unit without a front door, they would still gladly take possession.
HONG KONG: Asian shares steadied on Friday after losses earlier in the week, but China jitters and global growth concerns weighed on investors' minds, while the dollar sat near a three-week high.
KUALA LUMPUR: Ni Hsin Group Bhd's subsidiary Ni Hsin EV Tech Sdn Bhd has teamed up with Dongguan Tailing Motor Vehicle Co Ltd to explore opportunities in the electric vehicles (EV) space in Malaysia and Asean for commercial purposes.
KUALA LUMPUR: The outlook on the domestic market deteriorated over the morning session as the FBM KLCI slipped further amid continued selling pressure.
NEW YORK: Global share markets edged lower globally on Thursday as concerns about investments in China and a mixed day on Wall Street outweighed positive economic data in the United States.
LONDON: Central bankers worldwide are weighing the probability of higher inflation. Consumers around the world say they are already feeling the pinch.
SHANGHAI: China's stock benchmarks dropped over 1% on Thursday, with property and banking stocks leading the slide on fears that debt-ridden developer China Evergrande Group's financial troubles would trigger a broad contagion.