Business » Asia

Monday, 13 July 2015

China’s rich seek shelter from stock market storm in foreign property

2015-07-13 REALTORS in Australia, Britain and Canada are bracing for a surge of interest in their hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s equity markets.Sydney realtor...

China growth slows to 6.9% in second quarter

2015-07-13 CHINA’S GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world’s second-largest economy. The median forecast in a poll of 14 economists indicates gross domestic...

Taiwan courts tech start-ups to drive economic growth

2015-07-13 COMPANIES such as electric motor scooter firm Gogoro could hold the key to Taiwan’s economic growth.In just three years, the start-up, which counts Japan’s Panasonic Corp as a strategic partner and Cher Wang, the founder of local smartphone maker...

Saturday, 11 July 2015

China set to increase targeted policy adjustments

2015-07-11 CHINA will make more targeted changes to its policies to support the Chinese economy, Premier Li Keqiang said on Friday, noting that the country needs to invest “great effort” to foster economic growth. At a meeting of government officials to...

Friday, 10 July 2015

China’s companies at risk of stock-backed loan recalls

2015-07-10 CHINESE companies that borrowed money using shares as collateral may have to put up more assets or repay their debts, carrying the ripples from the stock market plunge into the wider economy.A near 30 per cent collapse in share prices has started...

Honda recalls another 4.5 million cars over exploding airbags

2015-07-10 JAPANESE automaker Honda on Thursday said it was recalling another 4.5 million vehicles globally, as a scare over a deadly defect in Takata-made airbags widens.The move takes to 24.5 million the total number of vehicles that the country’s number...

1MDB audit report finds nothing suspicious

2015-07-10 AN INTERIM report by the Malaysian government into debt-laden state investment fund 1Malaysia Development Berhad (1MDB) has found nothing suspicious after vetting its accounts, a parliamentary committee said on Thursday. The bi-partisan Public...

Oz dollar almost at par with Singapore

2015-07-10 THE tumbling Australian dollar is now a hair's breadth from parity with the Singapore dollar, which is good news for travellers Down Under and Singapore students studying there.Weak global commodity prices and the rising greenback have taken a toll...

Thursday, 9 July 2015

Malaysian central bank seen to hold rates amid political turmoil

2015-07-09 BANK Negara Malaysia (BNM) is expected to keep its policy interest rate unchanged at today’s meeting, holding a steady course amid market turbulence as corruption allegations swirled around Prime Minister Najib Razak.Following a Wall Street Journal...

China’s Uber-style taxi app raises US$2 billion

2015-07-09 CHINA’S top taxi hailing app Didi Kuaidi announced yesterday it raised US$2 billion in two weeks, after reports said US rival Uber planned to invest US$1.1 billion in the country this year.Didi Kuaidi, which is backed by technology giants Alibaba...

Investors buying bonds

2015-07-09 WITH Chinese policymakers so far unable to stem a rout in Chinese equities, money is flowing back into government and state-backed bonds – driving yields lower and potentially easing strains on debt-laden municipal governments.Yields on the 10-year...

Asia stocks sink as China sell-off spreads

2015-07-09 ASIAN equities tumbled yesterday as a collapse in Chinese shares began to contaminate other markets, and after European leaders slapped Greece with a deadline to submit fresh bailout reform proposals. With markets buffeted by two global crises,...

Iron ore hits 10-year low

2015-07-09 IRON ore tumbled to a 10-year low yesterday while Dalian futures plunged to a record low as the selloff in China-traded commodities showed no sign of letting up amid bearish views on the economy and following steep losses in equities.Chinese shares...

Wednesday, 8 July 2015

Temasek CEO Ho Ching to return after sabbatical

2015-07-08 SINGAPORE state investor Temasek Holdings said Chief Executive Ho Ching will return in her role after her three-month sabbatical ends later this month. Neil McGregor, a senior managing director at Temasek, said the board looks at succession...

Indonesia hopes new tools will boost appeal to foreign Islamic banks

2015-07-08 INDONESIAN regulators are promoting new Syariah-compliant financial tools and considering easing foreign ownership limits for domestic Islamic banks, seeking to make the sector more appealing to foreign lenders.Indonesia is the world’s most...

Issuance of Islamic bonds to drop sharply in 2015: S&P

2015-07-08 STANDARD & Poor’s Ratings Services foresees the global sukuk (Islamic bond) market heading toward a correction in 2015 after the central bank, Bank Negara Malaysia (BNM) – one of the largest issuers of sukuk worldwide – stopped issuing earlier...

New high in Temasek net portfolio

2015-07-08 TEMASEK Holdings grew its net portfolio value by S$43 billion to a fresh record of S$266 billion for the year ended March 31, the Singapore investment company announced yesterday during its annual performance review. One-year total shareholder...

Hard lesson for Chinese investors

2015-07-08 THREE weeks of falls on Shanghai’s stock market have cost veteran investor Gu Yongbiao five million yuan – more than US$800,000 – he estimates, over two-thirds of the value of his portfolio.“The companies and institutions suck our money away. We...

Shopping via phones in India may cross US$638b by 2018

2015-07-08 THE nature of shopping is changing turf from physical realm to the luminescent screen of the cellphone. The explosion of new online shopping applications, Internet-enabled cellphones, paucity of time, wider access to mobile telephony, more money...

Samsung Electronics Q2 profit drop misses estimates

2015-07-08 SAMSUNG Electronics on Tuesday flagged a second quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations. In an earnings estimate, the giant South Korean smartphone...

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