SINGAPORE (THE BUSINESS TIMES) Businesses here have come in tops in a DBS survey of the digital readiness of corporates in the Asia-Pacific (APAC) region, with 45 per cent of local businesses indicating they have a well-defined digital strategy. Hong Kong came in second at 44 per cent, while Japan – which came in first last year – was third […]
Read more(Recasts with auction results, adds analyst quotes, updates prices) By Karen Brettell NEW YORK, Sept 10 (Reuters) – U.S. Treasury yields fell on Thursday and the yield curve flattened after the government sold $23 billion in 30-year bonds to solid demand, the final sale of $108 billion in new coupon-bearing supply this week. The 30-year debt sold at a high […]
Read moreTORONTO — Amazon.com says it will open two new distribution centres in Ontario that will create more than 2,500 new full-time jobs. The online retailer says a new warehouse in Hamilton will have more than 1,500 employees who will pack and ship small items such as books, electronics and toys. A new location in Ajax, Ont., will have more than […]
Read more* Bank Indonesia intervenes in spot market * Petronas units among losers in Malaysia as oil prices drop * Malaysia central bank meets on Thursday * Graphic: World FX rates tmsnrt.rs/2egbfVh Sept 9 (Reuters) – Indonesian, Malaysian and Philippine stocks led declines in Asia’s emerging markets on Wednesday, as a global sell-off in technology stocks helped the dollar find some […]
Read moreJAKARTA, Sept 9 (Reuters) – Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters. Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial reforms […]
Read moreSAO PAULO, Sept 7 (Reuters) – TIM Participacoes, Telefonica Brasil and America Movil’s Claro won the right to match any other higher bid for the mobile assets of Oi SA, the companies said in a securities filing on Monday. Such a purchase agreement is known as “stalking horse” and acts as an opening offer that other interested bidders must surpass […]
Read moreSYDNEY (REUTERS) – Australia will extend its temporary insolvency and bankruptcy protection rules until the end of this year, Federal Treasurer Josh Frydenberg said on Monday, providing businesses a lifeline to recover from the impact of the coronavirus pandemic. Under the rules, which were first introduced in March and due to expire on Sept 30, creditors cannot issue bankruptcy notices […]
Read more* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts, adds details, comments) By Yoruk Bahceli AMSTERDAM, Sept 1 (Reuters) – Euro zone government bonds showed little reaction to a drop in inflation on Tuesday, with attention turning to what that might mean for the European Central Bank’s policy meeting next week. Euro zone inflation turned negative in August for the […]
Read moreSept 1 (Reuters) – The following table shows rates for Asian currencies against the dollar at 0204 GMT. Change on the day at 0204 GMT Currency Latest bid Previous day Pct Move Japan yen 105.710 105.89 +0.17 Sing dlr 1.358 1.3601 +0.18 Taiwan dlr 29.337 29.526 +0.64 Korean won 1185.500 1187.8 +0.19 Baht 31.030 31.07 +0.13 Peso 48.450 48.48 +0.06 […]
Read more(Adds portfolio manager comment, share prices) By Nichola Saminather TORONTO, Aug 31 (Reuters) – Canada’s financial regulator said on Monday it will begin reversing some of the measures adopted at the onset of the coronavirus pandemic to ensure adequate liquidity, adding to challenges facing financial firms as other government aid programs wind down. The Office of the Superintendent of Financial […]
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