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Washington: New orders for long-lasting US manufactured goods fell in February as the sector continued to struggle with the lingering effects of a robust dollar and lower oil prices. While revised figures showed the labour market was much stronger than previously thought.
SHANGHAI: Municipal authorities in Shanghai tightened mortgage downpayment requirements for second home purchases on Friday, in a move to cool an overheating property market and reduce fears of a bubble.
KUALA LUMPUR: Malaysia's inflation rate rose at a faster-than-expected pace of 4.2% in February from a year ago following higher food prices and a jump in alcoholic beverages and tobacco.
TOKYO: Japan's consumer inflation was flat in the year to February as low energy costs and weak consumption put a lid on price growth, keeping the central bank under pressure to top up stimulus although it eased policy less than two months ago.
KUALA LUMPUR: Public Bank Bhd (PBB) has received the 100% foreign-owned bank licence from the State Bank of Vietnam and will rename its existing joint-venture bank as Public Bank Vietnam Limited (PBVN).
TAIPEI: Taiwan’s struggling personal computer maker Acer saw its 2015 earnings plunge by two-thirds as it announced a corporate reshuffle that separates off its new businesses, including cloud services and smart devices.