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China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as other risks loom
World’s second-largest economy rolled out huge economic relief last year, but domestic debt and ‘grey rhino’ risks could threaten China’s financial systemChina is expected to set an economic growth target of about 6 per cent for 2021, but some say it should skip setting a numeric goal for second consecutive year
Extending support for all
LONDON: The UK’s finance minister Rishi Sunak is poised to spend billions of pounds more in state support for the economy over the next four months, as an extended lockdown threatens businesses’ survival.
Tourism on track in Vietnam despite pandemic
As Covid-19 swept the globe, locals catering to international travellers have struggled.
UK average house prices surpass £250,000 for the first time
THE average price of a home in the United Kingdom has surpassed a quarter of a million pounds for the first time after the housing market defied the coronanvirus crisis to post the biggest jump in more than six years.
Worst might be over for Public Bank Bhd
PETALING JAYA: The worst might have been over for Public Bank Bhd in the fourth quarter ended Dec 31,2020 (Q4’20), as credit cost is expected to improve in 2021 and management can front-load part of 2021 provisions into Q4’20 earnings, according to UOB Kay Hian Research
What Heng Swee Keat’s 2021 Singapore budget has in store for the city state’s coronavirus recovery
Analysts expect the Finance Minister will avoid another draw on reserves, focusing on targeted spending, reskilling workers, and tapered support schemes
As impeachment begins, New York accelerates probes of Trump's property dealings
(Reuters) - As former U.S. President Donald Trump goes to trial this week in the Senate on charges of inciting the Jan. 6 Capitol insurrection, criminal and civil investigations into his businesses are accelerating in New York.
Bank of America divided as bankers cry foul over special bonus treatment
NEW YORK: Anger is building in the senior ranks at Bank of America Corp after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees.
Glove stocks expected to see volatility in near term
PETALING JAYA: Trading in glove stocks over the near-term is expected to remain volatile, as these companies will be under constant pressure to maintain the super profits they enjoyed last year.
China's manufacturing activity slows in January
BEIJING (Xinhua): The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.3 in January, edging down 0.6 percentage points from December, data from the National Bureau of Statistics showed Sunday (Jan 31)
