MEXICO CITY China’s appetite for Mexican steaks and other cuts of beef is expected to increase more than 40 percent this year, in part due to disruptions caused by the coronavirus outbreak, according to Mexico’s top cattle association. Chinese buyers represent only about 4 percent of Mexico’s foreign beef sales but...
PENANG, Malaysia Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers. Semiconductor test equipment manufacturer Pentamaster Corp. saw its...
Myanmar has made progress in poverty reduction as the proportion of the population living in poverty declined by almost 50 percent between 2005 and 2017, according to the Poverty Report, issued by the World Bank, UNDP, and the Central Statistical Organization.  The proportion of the population living below the poverty line...
Tetsushi Kajimoto and Takahiko Wada (Reuters) TOKYO/OITA, Japan Bank of Japan's vocal advocate of reflationary policy said on Thursday he saw no need to take extra steps to complement the government's fresh stimulus plan, bolstering market views the BOJ is in no mood to top up its already massive monetary easing. Yutaka...
SINGAPORE/NEW DELHI At least four Asian refiners, including India’s HPCL and BPCL, plan to maximize purchases of April-loading Middle East crude after Saudi Arabia drastically cut its prices for term contract buyers, four sources at the refiners told Reuters on March 9. State oil giant Saudi Aramco, the world’s top oil...
http://URL: https://www.nytimes.com/2019/12/19/business/goldman-sachs-1mdb.html Goldman Sachs is negotiating with federal prosecutors to pay a fine of as much as $2 billion, and have a subsidiary plead guilty, to settle claims about its role in a scheme to loot billions from a sovereign wealth fund in Malaysia, a person with knowledge of the...
TOKYO Asian shares held their ground as trade slowed for the Lunar New Year, despite investors’ fears that a new coronavirus in China could spread faster as millions of people would be travelling over the week-long holiday. Markets had steadied as investors took some solace from the World Health Organization labeling...
By Makiko Yamazaki TOKYO, May 19 (Reuters) - Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesday. The deal will allow Sony to strengthen...
LONDON (Reuters) - Giving low doses of the generic steroid drug dexamethasone to patients admitted to hospital with COVID-19 reduced death rates by around a third among those with the most severe cases of infection, trial data showed on Tuesday. The results, described as a "major breakthrough" by scientists leading...
BEIJING Shares in China’s Nio Inc. surged more than 30 percent after it signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Cash-strapped electric vehicle (EV) maker Nio is the most prominent among dozens of Chinese electric vehicle...