Sun08202017

LAST_UPDATESun, 20 Aug 2017 10am

South African Finance Minister To Meet Business Leaders As Country Falls Into Recession

Malusi Gigaba.

PRETORIA -- Finance Minister Malusi Gigaba is set to meet with business now that South Africa has fallen into recession after the gross domestic product (GDP) contracted by 0.7 per cent in the first quarter of 2017.

Read more: South African Finance Minister To Meet Business Leaders As Country Falls Into Recession

Luxury Hotels Arrive In Cuba Despite Fears Trump May Hurt Tourism Boom

Pic: Reuters

HAVANA: Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some residents and concern that U.S. President Donald Trump might reverse a detente that fueled the tourist boom.

Read more: Luxury Hotels Arrive In Cuba Despite Fears Trump May Hurt Tourism Boom

Oil Rises Off One-Month Lows Struck After Surprise Stock Build

TOKYO: Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous session after official data showed that U.S. inventories rose for the first time in 10 weeks, reawakening concerns of a supply glut.

Read more: Oil Rises Off One-Month Lows Struck After Surprise Stock Build

Maybank Becomes First Listed Company To Breach RM100 Billion Market Cap

Pic: NST

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has breached the RM100 billion mark in market capitalisation, reaffirming its status as the largest listed company on Bursa Malaysia.

Read more: Maybank Becomes First Listed Company To Breach RM100 Billion Market Cap

FGV Says Debts Owed To Subsidiary Have Increased To US$11.7 Million

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) says the outstanding debts owed to Delima Oils Products Sdn Bhd by Safitex Trading LLC, originally at US$8.3 million (which led to an impairment exposure), have increased to US$11.7 million.

Read more: FGV Says Debts Owed To Subsidiary Have Increased To US$11.7 Million

Asian Shares Down Ahead Of Comey, ECB And UK Election

Pic: Reuters

TOKYO: Asian shares wobbled in early Thursday trade as investors braced for any surprises from former FBI director James Comey's congressional appearance, the European Central Bank's policy meeting and the UK general elections.

Read more: Asian Shares Down Ahead Of Comey, ECB And UK Election

A Top Uber Executive, Who Obtained The Medical Records Of a Customer Who Was a Rape Victim, Has Been Fired

A top Uber executive obtained medical records of a woman who had been raped during a ride in India, according to multiple sources.

Read more: A Top Uber Executive, Who Obtained The Medical Records Of a Customer Who Was a Rape Victim, Has...

Malaysia's Export Surge Boosts GDP Growth - Najib

KUALA LUMPUR: Malaysia's export surge has boosted its gross domestic product (GDP) growth and spurred global confidence in its economy, Datuk Seri Najib Razak said.

Read more: Malaysia's Export Surge Boosts GDP Growth - Najib

Here Comes The Sun: Investors Increasingly Hot On Solar Projects In S.E. Asia

Pic: ReutersSINGAPORE: Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy.

Read more: Here Comes The Sun: Investors Increasingly Hot On Solar Projects In S.E. Asia

Australia Economy Ties Record For Longest Expansion, Looking Tired

Pic: ReutersSYDNEY: Australia's economy squeezed out just enough growth last quarter to match the Netherlands' record of 103 quarters without recession, but its stamina is in doubt as households struggle with paltry wage rises and punishing debt.

Read more: Australia Economy Ties Record For Longest Expansion, Looking Tired