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Rehda looks forward to single entity for affordable housing

Rehda looks forward to single entity for affordable housing

CYBERJAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is looking forward to the establishment of a single entity to oversee the provision of affordable homes, with hopes that it will not be like “the other agencies”, said immediate past president Datuk Seri Fateh Iskandar. “We hope this time the agency provides guidelines, engagement […]

August 16, 2018 | By | Reply More
Tencent’s stock traders read all the signs that analysts ignored

Tencent’s stock traders read all the signs that analysts ignored

Traders had been selling the shares at the fastest clip since February, paying up for bearish derivatives and increasing their short positions to hedge against further declines. A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. (Reuters pic) HONG KONG: […]

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China says Trump’s ‘America First’ policies are hurting US

China says Trump’s ‘America First’ policies are hurting US

The Chinese Communist Party’s top newspaper issued a rare direct criticism of President Donald Trump’s agenda, saying his “America First” policies were hurting his own people and fomenting discontent in the country. An attendee wears a “Make America Great Again” hat as U.S. President Donald Trump, not pictured, speaks at the Conservative Political Action Conference […]

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Amazon considering UK insurance comparison site

Amazon considering UK insurance comparison site

Three industry executives told Reuters they had held talks with Amazon about the possible launch of a site. The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. (Reuters pic) LONDON: Amazon.com Inc is sounding out some of Europe’s top insurance firms to see if they would contribute […]

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China Evergrande invests in project to build world’s fastest supercomputer

China Evergrande invests in project to build world’s fastest supercomputer

The investment is the first from a total 100 billion yuan that Evergrande agreed with the Chinese Academy of Sciences to inject into high-tech sectors earlier this year. A China Evergrande Group logo at a news conference on the property developer’s annual results in Hong Kong, China, March 2017. (Reuters pic) HONG KONG: Property developer China […]

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Pfizer bets on US$425 million BioNTech alliance flu vaccine

Pfizer bets on US$425 million BioNTech alliance flu vaccine

The alliance partners hope to offer a vaccine that can be quickly adjusted to the latest viral mutations, and Pfizer will take over testing on humans and commercialisation of BioNTech’s flu vaccines. The Pfizer logo is seen at their world headquarters in New York April 28, 2014. REUTER FRANKFURT: Pfizer has agreed to pay German […]

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Ultra-rich save millions exploiting Hong Kong home loophole

Ultra-rich save millions exploiting Hong Kong home loophole

When a property is held by a company, its sale is considered a share transfer and taxed at 0.2%, the same levy that applies to everyday stock trades. Residential houses stand in the Shouson Hill, foreground, and in the Peak, background, areas of Hong Kong, China, on Monday, Jan. 15, 2018. (Bloomberg pic) HONG KONG: […]

August 16, 2018 | By | Reply More
Even with new US sanctions, Kremlin still betting on Trump

Even with new US sanctions, Kremlin still betting on Trump

Russian officials are hoping the US president may be able to deliver on his promises of improving relations or head off pressure in Congress for even more draconian sanctions The Kremlin is confident that Trump genuinely wants to rekindle ties if he can get a political window of opportunity in Washington. (Bloomberg pic) MOSCOW: Even […]

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Australia’s unemployment falls to lowest in almost 6 years

Australia’s unemployment falls to lowest in almost 6 years

Unemployment fell to 5.3% from 5.4% in June, which was also economists’ median estimate, edging toward the full employment level the central bank is targeting. Australia’s jobs market has remained solid this year, even as it cools from 2017’s record run of full-time hiring. (Bloomberg pic) SYDNEY: Australia’s jobless rate dropped to the lowest level […]

August 16, 2018 | By | Reply More
Australian dollar suffers collateral damage in trade war

Australian dollar suffers collateral damage in trade war

Down 8% in the past six months, the Aussie dollar’s correlation with the tumbling offshore yuan reached the strongest on record in August as investors entwine the two nations’ fortunes. Australian one-hundred dollar banknotes are arranged for a photograph in Sydney, Australia. (Bloomberg pic) SYDNEY: Investors have brushed aside Australia’s world-beating economic growth to make […]

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