Analysts are witnessing a record inflow of funds from abroad being funneled into Singapore bank accounts midst growing uncertainty into Hong Kong’s status as an Asian financial center. Singapore, a fierce competitor of Hong Kong, for being Asia’s premier wealth… Read More ›
On Thursday, in a significant development, officials from India and Australia said, the two countries are set to seal a military logistics pact during an online summit between Indian Prime Ministers Narendra Modi and Scott Morrison. The pact lays the… Read More ›
According to the results of a survey on large business associations, more than three out of four U.S. human resource executives opine that the work from home trend will continue to be in vogue even after the threat of the… Read More ›
On Wednesday, BlackRock, the world’s biggest asset manager said, oil stocks, domestic tourism and debt in India and China are investment opportunities in its Asia outlook. With $6.5 trillion of assets under management, BlackRock said, it expects the global economy… Read More ›
On Monday, Make UK, a UK trade body stated, the government should provide direct support to strategic manufacturing sectors and companies, including those in the steel, aerospace, and automotive space, to help through mitigate the coronavirus crisis. As Britain slides… Read More ›
Japan is weighing its options on re-opening its tourism sector to select countries which have low levels of coronavirus infections. Japan has already eased restrictions put in place earlier this year to control the coronavirus outbreak, these include reopening of… Read More ›
In a statement Hong Kong’s finance secretary Paul Chan said, Hong Kong has no plans to change its currency’s peg to the U.S. dollar and that it has not seen any “obvious” capital outflows following a move by the United… Read More ›
Microsoft has replaced humans with artificial intelligence as the company sacked dozens of journalists and installed artificial intelligence software in their place. The company has told the employees who manage the news homepages on Microsoft’s MSN website and its Edge… Read More ›
The growth rate of factory activity in China slowed down in May as the second largest economy of the world attempts to turn around after the economy coronavirus pandemic hit. The slowness in factory data was shown official data on… Read More ›
Guarantees for almost a third of the 7l3 billion yen ($6.65 billion) in loans that Japans auto making giant Nissan Motor Co has managed to secure form some of its main debtors to tide over the economic hit of the… Read More ›
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