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US small-business borrowing rose in September: PayNet

US small-business borrowing rose in September: PayNet

REUTERS: U.S. small businesses boosted borrowing in September, an index released on Monday showed, a sign that more firms are betting on an increase in household spending in the coming months. The Thomson Reuters/PayNet Small Business Lending Index increased to 140.4 in September from a downwardly revised reading of 135.6 reading in August. It was […]

November 2, 2015 | By | Reply More
General Motors recalls 9,354 Opel Meriva-B cars in Russia

General Motors recalls 9,354 Opel Meriva-B cars in Russia

MOSCOW: General Motors has voluntarily recalled 9,354 Opel Meriva-B cars that had been sold in Russia, a Russian technical standards watchdog said on Monday. The Rosstandart watchdog said the recall had taken place to comply with a 2002 law about technical regulation. It said that all the cars would be checked and if necessary their […]

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X-Fab expands Sarawak capacity

X-Fab expands Sarawak capacity

KUALA LUMPUR: X-Fab, one of the world’s leading foundry groups, is expanding its Sarawak outfit operations. The pure-play semiconductor wafer foundry plans to invest half a billion ringgit or US$114 million in X-FAB Sarawak Sdn Bhd. The three-year expansion plans include capital expenditure spending amounting to RM125 million. The Kucing-based foundry operation’s core technologies are […]

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Third tranche of Singapore Savings Bond will be issued on Dec 1

Third tranche of Singapore Savings Bond will be issued on Dec 1

SINGAPORE: The third tranche of the Singapore Savings Bond will be issued on Dec 1 and retail investors will be able to apply for them from Monday evening (Nov 2). According to the Monetary Authority of Singapore (MAS), those holding the bonds for the full 10 years will earn an average interest rate per annum […]

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Wary investors eye China's back-door entry into MSCI indexes

Wary investors eye China's back-door entry into MSCI indexes

HONG KONG: MSCI will begin to add overseas-listed Chinese shares to its emerging market indexes this month, drawing billions of dollars into such stocks, which could eventually lead to mainland-listed companies finding their way into global equity portfolios. The index provider’s decision in June not to include domestically listed China stocks, known as A-shares, in […]

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ICCI calls upon government to focus on regulatory reforms to promote business and investment activities

ICCI calls upon government to focus on regulatory reforms to promote business and investment activities

Islamabad, Nov 2: The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to focus on regulatory reforms to improve ease of doing business as the current cumbersome and time-consuming business regulations were hampering the growth of business and investment activities in the country.   The ICCI president Atif Ikram Sheikh said […]

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China completes production of its own passenger plane

China completes production of its own passenger plane

BEIJING: China’s first domestically designed passenger jet will be delivered without U.S. certification, a potential dent to both the aircraft’s international credibility and to joint safety efforts by Chinese and US regulators. The Comac ARJ-21 regional jet, which can seat up to 90 passengers, received the Civil Aviation Administration of China (CAAC) type certification last […]

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Asian shares slide as soft China surveys, US data sap risk appetite

Asian shares slide as soft China surveys, US data sap risk appetite

TOKYO: Asian stocks slid to their lowest level in nearly three weeks on Monday, as profit taking set in after soft Chinese factory surveys and U.S. consumer spending data raised concerns over the global economic outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan fell as much as 0.7 percent, hitting its lowest level since […]

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New orders decline at sharpest rate in over 3 years: PMI

New orders decline at sharpest rate in over 3 years: PMI

KUALA LUMPUR: Production has declined in Malaysia in October, underpinned by a sharp contraction in new orders. According to the headline Nikkei Malaysia Manufacturing Purchasing Managers’ Index, cost pressures intensified as purchasing prices rose. At 48.1, down slightly from 48.3 in September, the headline PMI indicated a further worsening in manufacturing conditions in Malaysia. The […]

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BSN banking agents to handle transactions worth RM1.8b by year end

BSN banking agents to handle transactions worth RM1.8b by year end

KUALA LUMPUR: Bank Simpanan Nasional is confident its banking agents nationwide will handle financial transactions to the tune of RM1.8 billion by year end. To date, the 7,000 BSN banking agents nationwide have handled 24.5 million transactions valued at RM1.6 billion. The banking agents were appointed to serve the population in rural areas by bringing […]

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