Banking

Westpac calls for new plan to speed open banking

New Zealand should consider an accreditation regime for emerging financial technology (fintech) firms if it wants open banking to get support from consumers, according to Westpac New Zealand chief executive office Catherine McGrath.

Economy

Can a COP29 deal clean up carbon offsets?

A deal at the COP29 climate talks on trading carbon credits could see billions of US dollars move into emissions-reduction projects this decade, but after a string of scandals, the market will first need to win over wary countries and communities.

Auto

US EV demand to drop 27% without tax credit

Eliminating the US electric vehicle (EV) tax credit would dent future EV demand – perhaps by more than a fourth – while providing a trivial boost to petrol consumption, economists estimate.

Corporate News

Spirit Airlines files for bankruptcy protection

Spirit Airlines was expected to be one of the big travel industry winners after the pandemic. But the no-frills pioneer never found its wings in a changed business and operating landscape.

Economy

UK official stats undercount jobs by one million, report says

The United Kingdom has underestimated the number of people in employment by almost one million, according to a new report that casts further doubt on official estimates that are crucial for the Bank of England (BoE).

Corporate News

Glencore strikes deal to test copper leaching at Chile mine

Glencore Plc is moving forward with a new extraction technology at its copper mine in northern Chile as part of the industry’s efforts to squeeze out more metal from lower quality ore.

Economy

Fed’s Schmid uncertain how far rates can fall

It remains uncertain how far interest rates can fall, though the initial reductions made by the US central bank are a vote of confidence that inflation is returning to its 2% target, Kansas City Federal Reserve (Fed) president Jeffrey Schmid says.

Forex

US election-fuelled dollar surge begins to fade

Some key market metrics are starting to suggest the Trump-inspired rally in the dollar may have plateaued, as bullishness fuelled by the US election wanes.

Economy

Firms urged to grow exports to EU markets

Since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect in August 2020, the the continental block has emerged as a leading trade partner for the South-East Asian nation.

Corporate News

United Airlines’ US$1bil junk muni deal offers a bond bargain

The municipal-bond market’s lagging run is opening up an opportunity for corporate-debt investors eager to secure extra yield.

Economy

Exports grow despite increasing global risks

Japan’s exports picked up more than expected in October as demand from China and the rest of Asia held firm even in the face of mounting uncertainties in overseas markets.

Economy

FTAs spur trade growth between Vietnam and Americas

Vietnam’s trade activities with the Americas have been boosted, thanks to effective exploitation of free trade agreements (FTAs).

Metro News

Johor farmers, fishermen reap rich bounty

THE collective toil of farmers and fishermen in Johor has made the state the top agricultural producer in Malaysia.

Corporate News

China home appliance makers tap Brazilian market

Chinese home appliance makers are expanding their footprint in Brazil and increasing investments in localised operations covering research and development, production and marketing, so as to tap into the immense development opportunities in South America’s largest market.

Badminton

Zii Jia still heading to World Tour Finals despite early exit in China

PETALING JAYA: Men’s singles shuttler Lee Zii Jia looks to have secured his spot in the World Tour Finals in Hangzhou next month despite the first-round exit at the China Masters.

Economy

Indonesia seeks to give dairy industry a boost

The government expects its free nutritious meals (MBG) programme to boost demand for milk and is pushing dairy farmers to up their game in terms of quality and quantity.

Corporate News

US chip gear giant launches initiative in Singapore

Applied Materials Inc, the largest US maker of chip-manufacturing equipment, has launched an initiative to bring together firms from across the semiconductor industry in Singapore to accelerate technologies for energy-efficient computing.

Corporate News

China and foreign firms ink more deals

In the medical products pavilion, one of the bustling areas at the seventh China International Import Expo in Shanghai, multinational medical companies reached collaborations with local partners to further contribute to the country’s healthcare ecosystem.

Corporate News

Dialog’s FY25 prospects positive despite risks

Dialog Group Bhd’s prospects for the financial year 2025 (FY25) remain positive, despite challenging external risk factors, say analysts.

Support Line

SupportLine

AirAsia X Bhd rose for a fourth consecutive day yesterday, hitting its highest point this year.