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Apple disappoints with tepid forecast, China weakness despite strong iPhone sales
LOS ANGELES - Apple, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely…
China sees first sign of manufacturing recovery after stimulus blitz
BEIJING – China’s manufacturing activity expanded for the first time in six months and services picked up in October, indicating that Beijing’s boldest stimulus…
Pharma giant AstraZeneca says its China chief is under investigation
BEIJING - The head of multinational pharmaceutical giant AstraZeneca’s China arm is under investigation in the country, the firm said.
Mr Leon Wang, president of…
HSBC overhaul by new CEO stumps employees and investors alike
LONDON – HSBC Holdings’ new chief executive just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees…
US stocks fall amid caution over Middle East
NEW YORK - Wall Street stocks slipped on Oct 3, extending a downcast week as markets assessed tensions in the Middle East and awaited key US jobs data.
Oil prices…
China’s sudden stock rally sucks money from rest of Asia
SINGAPORE - A strong rebound in Chinese stocks is set to trigger a shift in global portfolios as some investors rush to catch the rally.
A wave of money which…
11 corporates and individuals recognised for their contributions
SINGAPORE - Real estate company City Developments Limited (CDL), urban indoor farm BlueAcres and sustainability practitioner Esther An were the top winners of their…
US stocks end at records despite tepid consumer data
NEW YORK - The Dow and S&P 500 edged to fresh records on Sept 24, as investors shrugged off lacklustre consumer data while welcoming aggressive stimulus measures…
China and Hong Kong stocks jump as aggressive stimulus boosts sentiment
Beijing’s liquidity support for the stock market will come in the form of a 500 billion yuan swap facility and a 300 billion yuan relending facility. Mr Pan said the…
Indonesia launches $941 million smelter-grade alumina refinery
JAKARTA : Indonesia's President Joko Widodo launched a $941 million smelter-grade alumina refinery run by state miner Aneka Tambang (Antam) and state-owned aluminium…