China shares leap 4pc on authorities’ pledges of support, tax changes

SHANGHAI, Oct 22 — China’s benchark blue-chip index surged over 4 per cent today, posting its best daily performance in almost three years, as investors piled into the battered market after coordinated statements of support by senior regulators….

China-backed hydro dam threatens world’s rarest orangutan

JAKARTA, Oct 21 — A billion-dollar hydroelectric dam development in Indonesia that threatens the habitat of the world’s rarest great ape has sparked fresh concerns about the impact of China’s globe-spanning infrastructure drive. The site of…

Malaysia to be the second country in Southeast Asia to introduce the digital tax

The upcoming Budget 2019 slated to be announced on November 2, is exceptionally important to provide direction for the country. More importantly, in the direction and support on the growth of the digital sector in Malaysia. This was confirmed by economists and market observers as the government has commenced tabling the 2019 Budget on October […]

Ringgit likely to trend lower against US dollar next week

KUALA LUMPUR, Oct 20 — The ringgit is likely to trend lower against the US dollar next week, mainly weighed by prospects of higher US interest rates. FXTM Research Analyst Lukman Otunuga said with the US dollar heavily supported by the interest…

Sri Lanka reverses US$300-mln China housing deal ahead

COLOMBO: Sri Lanka has reversed a decision to award a US$300-million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South Asian neighbour. Prime Minister Ranil Wickremesinghe will meet his counterpart Narendra Modi on Saturday in New […]

China regulators deliver rare joint pep talk for worried markets

SHANGHAI: Three of China’s top financial officials launched a coordinated attempt to shore up confidence in the country’s stock markets and economic prospects on Friday in an unusual expression of top-level concern over what one of them called ‘abnormal’ share price falls. The timing of the rare intervention by the heads of the central bank, […]

EU to sign trade deal with Singapore, avoid criticising China

BRUSSELS, Oct 18 — The European Union was set to sign a trade deal with Singapore today after talks with Asian leaders keen to push back against US protectionism, but efforts to encourage China to drop state subsidies ran into resistance from…

Euro falls towards two-month low after EU confronts Italy over budget

LONDON, Oct 19 — The euro fell towards a two-month low today after the European Union criticized Italy’s spending plans, raising fresh concern over conflict within the common currency zone. Political wrangling over the budget in heavily indebted…

China launches full-throated bid to ease fears as markets fall

SHANGHAI, Oct 19 — China’s top economic supremo today led a coordinated drive by top financial officials to shore up confidence in the country’s stock markets and economy, in a rare expression of concern over what one called “abnormal”…

US-China trade frictions contributing to China equity slump, says vice premier

BEIJING, Oct 19 ― Trade frictions between the United States and China, the world's two biggest economies, have contributed to the slump in China stock markets, Vice Premier Liu He said today. China and the United States are “in touch”, Liu…