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Asia's factory activity shrinks, US-China trade truce fails to brighten outlook TOKYO (Reuters) - Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region's manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global ...
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RPT-UPDATE 2-Singapore to allow virtual banks as part of move to open up market (Repeats story published late on Friday). * Digital bank licences mark liberalisation in sector. * Singapore to initially offer two digital full bank licences. * Asia's non-banking firms keen to challenge traditional banks. * Hong Kong began issuing licences earlier ...
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Dow futures surge nearly 200 points after Trump and Xi agree not to impose more tariffs U.S. stock futures surged on Sunday night after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks. As of 10:06 p.m. ET Sunday, Dow Jones Industrial Average futures traded 199 points higher, ...
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These cities have the worst Fourth of July traffic in the US The number of drivers for the Fourth of July is expected to rise by more than 4% this year, and some cities will be three times more congested than on normal days, according to AAA and analytics company INRIX. New York City, Boston, Houston and Seattle ...
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Highly Leveraged Zombie Companies Threaten the Global Economy Getty. Zombie companies could endanger financial stability as the global economic downturn is deeper than expected. The very detailed analysis and graphs, from the Bank for International Settlement's (BIS) Annual Economic Report, show in no uncertain ...
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ANZ warns Reserve Bank capital proposals will push banks towards housing New Zealand's largest lender says the Reserve Bank may push more money into housing, Kiwibank says it will give a bigger advantage to its Australian rivals, while members of the public say bank shareholders' fears should be ignored. On Monday the ...
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China Caixin manufacturing PMI shows activity shrank in June Activity in China's manufacturing sector fell in June following three months of growth, renewing calls for further government stimulus as trade tensions knocked sales and export orders. The Caixin-Markit manufacturing purchasing managers' index slipped to to ...
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Australian buy-now-pay-later firm Afterpay shares dive amid Visa threat SYDNEY, July 1 (Reuters) - Shares of Australia'sAfterpay Touch Group Ltd , an early adopter of buy-now-pay-later consumer lending, were being sold down for a second trading day on Monday after credit card giant Visa Inc unveiled plans to enter the market.
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Corelogic home values report says Canberra records largest dip Canberra home values recorded the equal largest dip in the nation last month, but annual growth rates remain comparatively strong, new data suggests. The report comes a day before the Reserve Bank is widely expected to deliver the first back-to-back ...
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Insane American muscle car to get even more power Reports out of America suggest Dodge could up the power of its aptly named Hellcat models (Challenger and Charger) by fitting an electric motor, in turn reducing fuel use to meet stricter emissions standards. While enthusiasts would be lured by the promise ...
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