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World / Money Control

China lifts punitive tariffs on Australian wine: Commerce ministry

China imposed tariffs on key Australian exports such as wine, barley and beef in 2020 after Canberra legislated against overseas influence, barred Huawei from 5G contracts and called for a probe into the origins of the Covid-19 pandemic.

28 Mar 2024 1:06 pm
Toyota#39;s global sales slide 7% in February, led by slumps in China and Japan

Sales in China - the world#39;s biggest auto market - tumbled 36%. This year the week-long Lunar New Year holiday took place in February while last year it occurred in January.

28 Mar 2024 10:40 am
How Boeing#39;s leadership was #39;fired#39; by its own customers

A revolt by U.S. airline bosses helped topple Boeing#39;s top leadership including CEO Dave Calhoun this week, capping weeks of pressure after the freakish Jan. 5 blowout of a door plug on an Alaska Airlines 737 MAX 9 passenger jet, people familiar with the discussions said.

28 Mar 2024 9:48 am
Japan Moon probe survives second lunar night: Space agency

We received a response from SLIM last night and confirmed that SLIM had successfully completed its second overnight, the Japan Aerospace Exploration Agency (JAXA) said in a post on the official X account for its Smart Lander for Investigating Moon (SLIM) probe.

28 Mar 2024 7:49 am
US closely monitoring Delhi CM Arvind Kejriwal#39;s arrest; reiterates fair, transparent legal process

We continue to follow these actions closely, including the arrest of Delhi CM Arvind Kejriwal, US State Department Spokesperson Matthew Miller said.

28 Mar 2024 7:27 am
US dollar firm after Fed comments; yen under close watch

Meanwhile, although still not far from the 152 mark, the yen was holding its ground against the greenback after Japan#39;s top monetary officials on Wednesday suggested they were ready to intervene.

28 Mar 2024 7:06 am
Nobel Prize winner Daniel Kahneman dies at 90

Daniel Kahneman, who wrote best-selling book Thinking, Fast and Slow, argued against the notion that people#39;s behavior is rooted in a rational decision-making process -- rather that it is often based on instinct.

28 Mar 2024 6:52 am
Former Senator Joe Lieberman, Democrats#39; V-P pick in 2000, dead at 82

Joe Lieberman died in New York City on Wednesday due to complications from a fall, the statement said. He was 82.

28 Mar 2024 6:35 am
Amazon#39;s senior employees may not get a cash pay raise this year

For this year#39;s compensation cycle, we are prioritizing cash base pay increases for employees whose compensation is weighted more heavily in base pay as opposed to stock, an Amazon spokesperson said in an emailed statement.

28 Mar 2024 6:23 am
BoJ must support economy with easy policy, says Governor Kazuo Ueda

The likelihood of durably achieving the BOJ#39;s 2% inflation target was high as growth in average real wages is likely to turn positive in near future, he added.

27 Mar 2024 12:04 pm
China#39;s President Xi Jinping meets US executives, academics in Beijing

The meeting began at 11 a.m. (0300 GMT) following the taking of a group photo, the report said. An accompanying video showed the attendees would be sat in a square formation, with the two fully visible sides both set out with seven seats each.

27 Mar 2024 9:28 am
Yen hits 34-year low ahead of key US inflation test

The yen traded at 151.97 per dollar in the Asia session, down about 0.2% and weaker than 151.94 where Japanese authorities stepped in during October 2022 to buy the currency and its weakest level since the middle of 1990.

27 Mar 2024 8:49 am
LG Group to invest $74.4 billion over next 5 years

LG Group aims to ensure it remains competitive by allocating half of the domestic investment in future technologies such as artificial intelligence (AI), environmentally clean technology and other growth fields such as batteries, auto parts, and next-generation displays, the company said in a statement.

27 Mar 2024 7:55 am
China#39;s industrial profits rise 10.2% in January-February

Profits at China#39;s industrial firms jumped 10.2% in the first two months from the same period last year, following a 2.3% profit decline for the whole of 2023, National Bureau of Statistics (NBS) data showed.

27 Mar 2024 7:42 am
Apple to hold Worldwide Developers Conference from June 10

The event, which will be available online, will highlight updates to the software powering iPhones, iPads and other Apple devices, the company said. Some developers and students will be invited in-person at Apple Park on the opening day, it added.

27 Mar 2024 6:39 am
Elon Musk#39;s xAI to enable chatbot Grok for all premium subscribers of X

As more advertisers move away from the microblogging platform, the billionaire has stressed reducing the company#39;s reliance on advertising and has turned his focus to more attractive subscription plans.

27 Mar 2024 6:36 am
Moscow court orders US reporter Evan Gershkovich, arrested nearly a year ago, to remain in jail until at least June 30

Moscow court orders U.S. reporter Evan Gershkovich, arrested nearly a year ago, to remain in jail until at least June 30.

26 Mar 2024 2:49 pm
Donald Trumps net worth hits $6.5 billion, making him one of worlds 500 richest people

Facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, slashing the amount hed have to post to $175 million an amount he says hell cover.

26 Mar 2024 12:07 pm
US and Israeli defence chiefs to meet Tuesday as tensions rise over Gaza

Maj. Gen. Pat Ryder, Pentagon press secretary, told reporters Monday that Austin#39;s planned morning meeting with Israeli Defence Minister Yoav Gallant is still on, even though Israel abruptly cancelled the visit of a high-level delegation to Washington this week.

26 Mar 2024 10:33 am