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Global equities climb on hopeful trade talk vibes

LONDON, Feb 22 — World stock markets advanced today as investors awaited what they hoped will be encouraging news from US-China trade talks in Washington, dealers said. Europe’s key equity markets were up to around 0.5 per cent higher, building…


China’s banks throw open spigots in January, lend record 3.23t yuan

BEIJING, Feb 15 — China’s banks made the most new loans on record in January — totalling 3.23 trillion yuan (RM1.9 trillion) — as policymakers try to jumpstart sluggish investment and prevent a sharper slowdown in the world’s…


BP: Global energy demand to soar one third by 2040

LONDON, Feb 15 — Global energy demand will surge by a third over the next two decades on advancing prosperity, but Indian demand growth will eclipse that of flagging giant China, Britain’s BP forecast yesterday. “The demand for energy is…


Hong Kong port slips from global top five for first time

HONG KONG, Feb 14 — Hong Kong’s port, which once vied with rival Singapore for global dominance, has slipped out of the world’s top five busiest shipping container terminals for the first time, new data has revealed. The bustling southern…


Rise of renewables creating ‘new world’, says report

ABU DHABI, Jan 11 — The rapid growth of renewable energy sources and the demise of fossil fuels are causing major changes in global politics, a special commission said in a report today. The shift “will alter the global distribution of power,…


European banks’ beauty only skin-deep

LONDON: Europe’s top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say. The European Banking Authority stress test results on Friday showed the sector in reasonable financial health, with a clean sweep of 48 lenders […]


European banks' beauty only skin-deep, investors say

LONDON, Nov 6 — Europe's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say. The European Banking…


Taobao targets Singapore shoppers in marketing efforts for Singles’ Day

SINGAPORE, Nov 2 — After smashing its record last year by raking in more than S$30 billion in sales within 24 hours during the annual November 11 Singles’ Day shopping event, Chinese e-commerce giant Taobao is looking to draw even more shoppers…


US business spending on equipment cooling, goods trade deficit rises

WASHINGTON, Oct 26 — US business spending on equipment appeared to have remained slow in September and the goods trade deficit widened further as rising imports outpaced a rebound in exports, suggesting economic growth moderated in the third…


Comcast eclipses Murdoch’s Fox with £30b Sky bid

LONDON, Sept 23 — US cable giant Comcast outbid Rupert Murdoch’s 21st Century Fox in a blind auction for the European TV operator Sky yesterday that all but settled a titanic battle between the two media empires. Britain’s takeover regulator…