Lifestyle
China central bank studies plan to narrow rate corridor, warns on bond risks
CHINA’S central bank said it’s studying a plan to narrow the range within which market interest rates can fluctuate, with policymakers on alert for risks building in the bond...
India’s Mahindra seeks nod for US$3 billion Shaanxi JV: sources
INDIAN automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a US$3 billion joint venture to build a car manufacturing plant in India and...
China tells some brokerages to conduct compliance checks on bond trading: sources
CHINA’S securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying...
Samsung recalls 1 million stoves that started 250 fires and killed pets
A RECALL has been issued for more than 1 million Samsung stoves after hundreds of reports of them being turned on accidentally, leading to fires that injured dozens and...
Venezuela’s Maduro signs decree blocking X access in country for 10 days
VENEZUELAN President Nicolas Maduro on Thursday (Aug 8) said he had signed a decree to block access to social media platform X for 10 days, after earlier saying social...
Paramount says to cut around 15% of US workforce
PARAMOUNT Global is set to reduce about 15 per cent of its US workforce in the coming weeks, according to company executives on an earnings call Thursday (Aug 8)....
Delta sees US$380 million in lost sales from system breakdown
DELTA Air Lines expects US$380 million in lost revenue this quarter from the CrowdStrike Holdings technology outage that forced the carrier to cancel thousands of flights last month.The sales...
Oil gains in recovery rally as markets eye retaliation by Iran
OIL rose on Thursday (Aug 8), extending its rebound from a recent plunge with traders still glued to fluctuations in wider markets and tensions in the Middle East.West Texas...
