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Recovery on the cards for HPMT
PETALING JAYA: Recovery is in motion for manufacturer and distributor of cutting tools HPMT Holdings Bhd after blips in its recent financial performances no thanks to the Covid-19 pandemic.
Bitcoin’s green haven running out of electricity
REYKJAVIK: The Nordic region is losing its edge in green bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in.
CNH ends talks with China’s FAW Group on sale of Iveco unit
MILAN: The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco truck and bus business to China FAW Group Co, a move that was welcomed by the Italian and French governments.
US stops short of branding Vietnam, Switzerland, Taiwan currency manipulators
Malaysia, India, Singapore, Thailand among countries on "Monitoring List"
Multiple US trade partners risk 'manipulator' label in Yellen's first currency report
WASHINGTON: Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear.
Generali in talks to buy AXA assets in Malaysia
MILAN: Italy's biggest insurer Generali is in exclusive talks to buy assets in Malaysia belonging to French rival AXA in a deal worth around 300 million euros ($358 million), two sources said on Tuesday.
GLOBAL MARKETS-Stocks slip from record peaks before earnings reports
NEW YORK: The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.
In dire straits
YANGON: Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers.
Italy and Portugal unleash a wave of bond sales to lock in rates
FRANKFURT: Two of Europe’s most indebted nations are gearing up to test investor appetite for their bonds as an economic recovery begins to lift yields from historically low levels.
Hedge funds boost short yen bets to highest in two years
TOKYO: Hedge funds are the most bearish on the yen in more than two years as expectations for the world’s post-pandemic recovery mount.
