TOKYO : The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight. The U.S. currency’s push above 150 yen for the first time since Nov. 17 spurred Japan’s top […]
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CAPE CANAVERAL, Florida: A robotic moon lander built by Houston-based aerospace company Intuitive Machines was set for launch early on Wednesday (Feb 14) on a NASA mission to conduct the first US lunar touchdown in more than a half-century and the first by a privately owned vehicle. The company’s Nova-C […]
WASHINGTON: US President Joe Biden’s re-election campaign joined short-form video app TikTok yesterday, using the NFL’s Super Bowl to kick off its new account to reach young voters ahead of the presidential election in November. The campaign’s launch on TikTok is notable given widespread suspicion in Washington of the app […]
China President Xi Jinping is set to discuss the nation’s stock market with financial regulators, Bloomberg News reported on Tuesday, citing people familiar with the matter. Regulators led by the China Securities Regulatory Commission plan to update the top leadership on market conditions and the latest policy initiatives as soon […]
TOKYO: The Bank of Japan must immediately end its negative interest rate policy as it has allowed companies to delay efforts to boost productivity by keeping borrowing costs ultra-low, said ruling party heavyweight Shigeru Ishiba. “It’s an extreme policy that shouldn’t exist in the first place,” Ishiba said of negative […]
BEIJING : China’s major southern city of Guangzhou fully relaxed home purchase limits for some people on Saturday and said it would increase affordable housing supply, in a move to support the local property market. Properties with a floor area of more than 120 square metres (1,292 square feet) are […]
HONG KONG : Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as warming ties between China and the Middle East continue to offer business opportunities. “(Chinese) investment management and asset management firms have been […]
Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow up fast. Investors have embraced 11 U.S. exchange traded funds (ETFs), tracking bitcoin’s spot price, that began trading on Jan. 11 after receiving regulatory approval; after […]
SAN FRANCISCO: Microsoft said yesterday that a Russian state-sponsored group hacked into its corporate systems on January 12 and stole some emails and documents from staff accounts. The Russian group was able to access “a very small percentage” of Microsoft corporate email accounts, including members of its senior leadership team […]
BANGKOK : Thai Prime Minister Srettha Thavisin said on Friday his government will move ahead with its flagship $14.3-billion ‘digital wallet’ handout scheme, though it may be delayed. Srettha, who has been touting the policy as a stimulus measure necessary to revive a sluggish economy, did not specify a launch […]