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Embattled Chinese drug maker to get US$43 million in government support

Embattled Chinese drug maker to get US$43 million in government support

A Food and Drug Administration inspection in May 2017 found that the company ignored quality testing that showed unnamed drugs didn’t meet US standards. (Bloomberg pic) SHANGHAI: A Chinese city government has given 300 million yuan (US$43 million) to drug maker Zhejiang Huahai Pharmaceuticals, the company said, after it was recently faulted by US and European […]

October 14, 2018 | By | Reply More
'Innocent bystanders' – emerging economies struggle to contain capital outflows

'Innocent bystanders' – emerging economies struggle to contain capital outflows

NUSA DUA (Indonesia): After suffering months of capital outflows, policy makers from emerging markets attending IMF-World Bank meetings in Indonesia had a message for leading economies: current monetary and trade policies risk undermining us all. The International Monetary Fund-World Bank meetings wrapping up today gave central bankers and finance ministers from around the world a […]

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Dispelling the myths about retirement,  saving and investing

Dispelling the myths about retirement, saving and investing

KUALA LUMPUR: The “myth” that it is “okay” to rely on Employees Provident Fund (EPF) savings and that it is too early to start investing must be dispelled, especially among the youth, according to Securities Commission Malaysia chairman Tan Sri Ranjit Ajit Singh. In his speech at the InvestSmart Fest (ISF) 2018 last Friday, Ranjit […]

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Italy must abide by European rules, agreements

Italy must abide by European rules, agreements

Lipton warned that the budget dispute could delay planned reforms to make the eurozone more resilient to external shocks. (AFP pic) BERLIN: Italy should abide by European budget rules and must settle its differences with Brussels over higher state spending in talks with the European Union’s executive, a senior International Monetary Fund official was quoted on […]

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UK automation picks up as flow of European workers slows ahead of Brexit

UK automation picks up as flow of European workers slows ahead of Brexit

The central bank said a Brexit-related slowdown in labour supply was reducing the rate at which the economy could grow. (Bloomberg pic) REDDITCH: At Muller Precision Engineering’s plant in Redditch, south of Birmingham, James Gibbs is in charge of three clattering pieces of machinery older than he is. His two co-workers – one Polish, the […]

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Experts have mixed views on introduction of new taxes

Experts have mixed views on introduction of new taxes

KUALA LUMPUR: As the announcement of the 2019 Budget looms near, experts have mixed views over the government’s plan to introduce new taxes due to various concerns. The probability of introducing the inheritance tax, digital tax, capital gains tax and soda tax, as well as increasing the sin tax, has been thoroughly weighed by experts […]

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Egypt minister sees no threats attached to China investment

Egypt minister sees no threats attached to China investment

Egypt’s Minister of Investment and International Cooperation Sahar Nasr. (Bloomberg pic) NUSA DUA: Egypt is only accepting Chinese investments in projects that are mutually beneficial, its investment minister said on Sunday, amid growing scepticism in some countries about risks tied to ‘Belt and Road’ investments. The Belt and Road initiative is an ambitious plan to […]

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Saudi stocks plunge as Trump vows punishment over Khashoggi fate

Saudi stocks plunge as Trump vows punishment over Khashoggi fate

Saudi Arabia stocks plunge as concerns rise over US measures against the kingdom. (Bloomberg pic) DUBAI: Saudi Arabian equities slumped on concern the US may take measures against the kingdom if it’s linked to the disappearance of Washington Post writer Jamal Khashoggi. The Tadawul All Share Index plummeted 6.3% as of 11.34am in Riyadh, the most […]

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Mexico says new US trade deal won’t block other economic relations

Mexico says new US trade deal won’t block other economic relations

Mexico’s Foreign Minister Luis Videgaray. (Bloomberg pic) MEXICO CITY: Mexico’s Foreign Minister Luis Videgaray told his Chinese counterpart in a phone call on Saturday that Mexico’s new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry statement. The pact set to replace the […]

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Malaysia's economic fundamentals still intact : analysts

Malaysia's economic fundamentals still intact : analysts

KUALA LUMPUR: Malaysia’s economic fundamentals remain intact, regardless of the gloomy scenario and tough challenges faced by its capital market due to recent heavy outflow of foreign funds arising from negative developments locally and overseas, analysts said. MIDF Amanah Investment Bank Analyst Adam Mohamed Rahim said the favourable outlook was evidently shown by the business […]

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