Showing 11 - 20 of 5,058
Asian shares extend rally sparked by Fed
Business, Published on 21/09/2024
» RECAP: Asian shares extended their rally yesterday in the afterglow of an outsized US interest rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.
Harsher consequences for tolerating scams
Business, Suchit Leesa-nguansuk, Published on 20/09/2024
» The Digital Economy and Society (DES) Ministry is planning to amend regulations in order to enforce liability for banks and telecom operators if they are found to be negligent in tackling online scams, says DES permanent secretary Wisit Wisitsora-At.
Govt upbeat on wage hike plan
News, Mongkol Bangprapa, Published on 19/09/2024
» Labour Minister Phiphat Ratchakitprakarn is confident that a fresh daily minimum wage hike to 400 baht nationwide could be introduced on Oct 1 along with measures to assist affected businesses.
ASPS: Big rate cut raises recession odds
Business, Nuntawun Polkuamdee, Published on 19/09/2024
» A large Federal Reserve interest rate cut this week may be followed by a US recession in the next six months, according to Asia Plus Securities (ASPS), which advised investor caution as the central bank is expected to start a programme of easing this month.
OPEC+ Delays Production Increase Following a Drop in Oil Prices.
Published on 18/09/2024
» The average price of ICE Brent crude oil in Q3 2024 (from July 1 to September 9, 2024) was $80.4 per barrel, down from an average of $84.9 per barrel in Q2 2024. This decline is attributed to OPEC+’s planned increase in crude oil production by 180 KBD per month from October to December 2024, and by 213 KBD per month from January to September 2025. (Previously, OPEC+ had voluntarily reduced production by 2.2 million barrels per day.) Additionally, demand declined as the US driving season ended, and the political situation in Libya stabilized. However, on September 5, 2024, eight OPEC+ members announced a two-month delay in the production increase plan.
Overcapacity in China causing global concern
Oped, Published on 18/09/2024
» Chinese overcapacity is raising concerns worldwide. It is easy to see why: China accounts for nearly one-third of the world's value-added manufacturing, and one-fifth of global manufacturing exports. But there is good reason to believe that the decline of China's manufacturing sector is imminent.
Sean ‘Diddy’ Combs faces sex trafficking charges
Published on 17/09/2024
» NEW YORK - Music mogul Sean “Diddy” Combs faces three US federal charges of racketeering conspiracy, sex trafficking and transport to engage in prostitution, according to an indictment unsealed on Tuesday.
Asian shares advance on tech rally, rate optimism
Business, Published on 14/09/2024
» RECAP: Most Asian equity markets advanced on Friday, following a tech rally on Wall Street, while US economic data sustained expectations that the Federal Reserve would start cutting interest rates next week.
Greed, gluttony and the crackup of Red Lobster
Published on 10/09/2024
» In June of last year, Red Lobster announced that Ultimate Endless Shrimp — as much as you can scarf down for just $20 — would become an “all day, every day” fixture of the menu.
Yes, let's reverse Brexit (just a bit) for Gen Z
News, Published on 07/09/2024
» What's the point of Keir Starmer's massive electoral majority if he remains hesitant to do something for young people on Brexit that's not just compassionate and sensible, but also very popular?