EU signals support to complete China investment deal

EUROPEAN Union governments signaled support on Monday for completing work on a long-sought agreement with China to open the Chinese market further to EU investors, bringing closer a major economic and political victory for both sides.

Currency devaluation may not be enough to salvage sinking economy

BAGHDAD: Iraq’s currency devaluation will add inflation to the list of hardships facing a population recovering from a devastating war with Islamic State.

Hin Leong’s Lim family and BP sued for US$313mil by Bank of China

SINGAPORE: Bank of China has sued BP in Singapore, and Hin Leong Trading founder Lim Oon Kuin and his two children, for a total of US$312.9mil (S$417.6mil) in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.

China warns of risks of inflated credit ratings amid bond defaults

SHANGHAI: China's interbank bond market regulator has warned of the risk of inflated credit ratings and widespread industry problems following a review, after defaults by highly rated state-owned enterprises triggered market panic.

SoftBank books $1.3 bln loss from tech stock speculation

TOKYO: Japan's SoftBank Group Corp on Monday reported a 131.7 billion yen ($1.27 billion) loss from speculation on tech stocks after an attempt to diversify using its cash pile backfired.

HK shares track global equities lower on Covid-19 resurgence

BEIJING/SHANGHAI: Hong Kong shares ended lower on Wednesday, tracking the weak lead of global markets, as sentiment took a hit with the resurgence of COVID-19 cases in the United States and Europe.

China shares end higher on gains in consumer, healthcare stocks

BEIJING/SHANGHAI: China shares ended higher for a second consecutive day on Wednesday, as consumers and healthcare stocks gained amid hopes of further economic recovery from the pandemic.

Kuwait runs short of cash

Low energy prices raise questions on Gulf economies

UBS jumps to third spot in M&A deals in Europe

Quick take: Khee San shares up despite letter of demand

KUALA LUMPUR: Shares in Khee San Bhd rose in early trade despite receiving a letters of demand for a RM4.96mil loan repayment from OCBC Al-Amin Bank Bhd.