Targeted diesel subsidy to strengthen govt fiscal position, improve resource allocation – economist
KUALA LUMPUR: The implementation of a targeted diesel subsidy for consumers in Peninsular Malaysia, expected to save RM4 billion annually,…
China’s first batch of ultra-long special bonds surge on debut, triggering suspension
SHANGHAI: The first batch of China's 1-trillion-yuan ($138.14 billion)ultra-long special treasury bonds, which debuted on Wednesday, surged 25% in the…
New Zealand dollar surges on surprisingly hawkish RBNZ
SYDNEY: The New Zealand dollar rose almost 1% on Wednesday to its highest level in two months as the central bank…
Asia stocks up on high hopes for Nvidia, NZ dollar jumps
SYDNEY: Asian shares edged higher on Wednesday as anxious investors dared to hope AI-diva Nvidia could meet sky-high expectations, while…
LVMH deepens partnership with Alibaba to boost tech presence in China
FRENCH Luxury group LVMH is to deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities…
Indonesian central bank holds interest rates steady, as expected
JAKARTA: Indonesia's central bank held interest rates unchanged at a review on Wednesday, as expected, saying the current benchmark level remained…
Japan’s 10-year yield hits more than decade high of 1% as BOJ bets build
TOKYO: Japan's 10-year government bond yield rose to an 11-year high of 1% on Wednesday amid mounting bets for further…
US announces details on higher China tariffs, some to start Aug 1
WASHINGTON: The U.S. Trade Representative's office on Wednesday said some of the steep tariff increases on an array of Chinese…
Emirates flight lands safely after hitting flamingos in Mumbai
An Emirates flight landed safely in Mumbai late on Monday night after colliding with a flock of flamingos shortly before…