Wednesday, June 2, 2021

Reuters

Wall Street’s leading stocks reveal investor caution

NEW YORK: Wall Street stocks have climbed to record highs as worries over US-China trade relations and the Federal Reserve’s monetary policy have receded, but cautious investors have been sticking with technology shares and some defensive stocks over value...

Australia posts poor retail sales, jobs data

SYDNEY: Australian retail sales surprisingly fell last quarter while growth in September was weaker-than-expected, underlining the need for even more stimulus to jumpstart the slowing economy. Retail sales inched up 0.2 percent in September after a respectable 0.4 percent gain...

HK reels from worst violence in weeks

HONG KONG: Hong Kong awoke to what is expected to be a day of relative calm yesterday following a violent night in which protesters set fire to metro stations and vandalised buildings, including an office of China’s official news...

China launches satellite to provide stereo imagery

BEIJING: China launched a new high-resolution remote sensing satellite capable of providing stereoscopic imagery yesterday, state-run media said, marking another important step as Beijing seeks to reduce reliance on foreign technology in topographic mapping. A rocket lifted off from the...

Bok captain in remarkable rags to riches rise

CAPE TOWN: South Africa captain Siya Kolisi did not have a television at home the last time the Springboks played in the Rugby World Cup final but 12 years on leads his team out in Saturday’s decider against England...

Nokia targeting M’sian ports for 5G business

KUALA LUMPUR: Nokia is aiming for Malaysian ports in a bid to get a share of the country’s fifth-generation (5G) technology market, as the Southeast Asian country prepares to launch the ultra-fast mobile internet service next year. The Finnish company...

SE Asia may turn net fossil fuel importer

SINGAPORE: Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report. This comes...

PropertyGuru cancels Aussie IPO

SYDNEY: Online realty company PropertyGuru yesterday cancelled its initial public offering (IPO) in Australia because of market volatility, the country’s second scrapped listing of a private-equity backed company on the day and the fourth this month. Bain Capital earlier yesterday...

SoftBank seals WeWork takeover deal

NEW YORK: SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the US office-space sharing startup’s co-founder Adam Neumann...

China open to foreign investment

BEIJING: China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said yesterday. Earlier this month, before key Sino-US trade...

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Sarawak CID deputy chief in transfer exercise

KUALA LUMPUR: Sarawak Criminal Investigation Department (Intelligence/Operations) deputy chief ACP Zulfikar Mohd Ghazali is among four senior police officers...
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