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SYDNEY: Australia’s fiscal authorities are taking a leaf out of US Treasury Secretary Janet Yellen’s playbook in deploying spending to push the economy toward maximum employment, a stance that keeps policy aligned with the Reserve Bank.
SYDNEY: Australian retailers boasted yet another month of solid sales in March while a measure of business conditions surged to all-time highs in April in a sign the economy was coping well with the end of a government support programme for jobs.
KUALA LUMPUR: A survey by LinkedIn has identified 15 top companies in Malaysia which have continued to hire new employees despite the ongoing pandemic that has severely affected business activities.
NEW YORK/LONDON: Commodity prices jumped, the dollar slid to a two-month low and major global equity indexes scaled record peaks on Friday after weak U.S. jobs data for April tamped down fears that a booming economy would spark inflation and higher interest rates.
KUALA LUMPUR (Bernama) -- MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery.
CHICAGO: It’s the end of an era for open outcry commodities trading, made famous by the film “Trading Places” with Eddie Murphy and Dan Aykroyd.
ABU DHABI: Abu Dhabi National Oil Co (Adnoc) is close to hiring JPMorgan Chase & Co and First Abu Dhabi Bank PJSC to help arrange the potential listing of its drilling business, according to people familiar with the matter.
BEIJING: Electric vehicle maker Tesla Inc, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said.
Economists warn that there’s still a way to go before global employment is back to where it was before the pandemic.
OF all the debates surrounding globalisation, one of the most controversial involves workers’ rights.