Posts by Riah Marton
TEGAN HILL: Smith government must reduce spending to avoid deficits
Breadcrumb Trail Links News Alberta Opinion Columnists The idea of a program-by-program review is a good one. But the goal must span beyond finding savings for a single personal income tax cut. Alberta has a big spending problem and it must be meaningfully addressed. Published Aug 28, 2024 • Last updated 1 hour ago • 3…
Read MoreOpinion: How bringing back the woolly mammoth could save species that still walk the Earth
As more species are pushed to the brink of extinction, conservationists are responding to our biodiversity crisis in new and sometimes controversial ways. One such novel approach could be described as the mammoth in the room: “de-extinction” technology that has the potential to protect and restore species on the brink of extinction and, more provocatively,…
Read MoreChina’s two richest people lose billions in consumer stock rout
RECORD-breaking stock sell-offs in two of China’s biggest consumer companies erased more than US$16 billion from the fortunes of the nation’s richest people, underscoring deepening investor concern over the health of Asia’s biggest economy. China’s wealthiest person, Nongfu Spring founder Zhong Shanshan, lost some US$3 billion as the beverage giant’s shares fell by a record…
Read MoreMeituan’s sales beat estimates on strong food delivery demand
MEITUAN’S quarterly revenue beat estimates after its core food delivery business expanded, offering a positive signal to investors increasingly worried about domestic consumer malaise. The dominant player in Chinese meal delivery reported revenue of 82.3 billion yuan (S$15 billion) for the June quarter, compared to the 80.4 billion yuan projection. “Our on-demand delivery business…
Read MoreMalaysia Airlines’ air operator certificate cut to 1 year after technical issues
The airline’s parent, Malaysia Aviation Group, will take immediate steps to address significant issues that led to operational difficulties Malaysia’s civil aviation regulator has cut the duration of Malaysia Airlines’ air operator certificate from three years to one, following a probe into technical issues faced by the state carrier, the transport minister said on Wednesday…
Read MoreMomentum gauge signals risk to South-east Asia currency rally
The Relative Strength Index for a regional gauge has breached 80, well above levels in which a currency is typically considered overbought The blistering rally in South-east Asian currencies versus the dollar may lose momentum as investor exuberance over a pending Federal Reserve policy pivot fades, at least according to one closely-watched gauge of momentum.…
Read MoreCitigroup sees more Asia dealmaking activity in coming quarters
DEALMAKING activity in Asia-Pacific is set to grow over the coming quarters amid a boom in markets including India, Taiwan and Japan, and a strong pipeline of transactions from China, according to Citigroup’s head of investment banking in Asia-Pacific Jan Metzger. “We have been incredibly busy across Asia, but in particular in Taiwan and India,”…
Read MoreBOJ deputy governor sees rate hike justified if outlook realised
DEPUTY governor Ryozo Himino said the Bank of Japan (BOJ) will raise interest rates as long as inflation moves in line with the bank’s view, underscoring the central bank’s essentially unchanged stance following ructions in the financial markets earlier in the month. The BOJ’s basic stance “is that it will examine the impact of market…
Read MoreAustralian inflation cools, RBA set to retain hawkish bias
A GAUGE of Australian monthly inflation cooled in July, suggesting price pressures began to ease in the current quarter though not fast enough to warrant early interest-rate cuts. The consumer price indicator climbed 3.5 per cent from a year earlier, down from 3.8 per cent and just above economists’ estimate, government data showed on Wednesday…
Read MoreChina’s BYD aims to get half of auto sales from global markets
CHINA’S top-selling automaker BYD expects overseas deliveries to account for almost half of total sales in the future, suggesting it will continue to set up global production hubs to overcome punishing tariffs. “Our overseas market will account for a relatively large proportion of our global sales in the future,” executive vice president Stella Li said…
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