In a statement on Sunday, Buffett's 90th birthday, Berkshire said it acquired its stakes in Itochu Corp , Marubeni Corp , Mitsubishi Corp , Mitsui & Co Ltd and Sumitomo Corp over approximately 12 ... ( read original story ...)
Japan Industrial Output Rises for Second Month but Retail Sales Fall Again
Japan's factory output rose for a second straight month in July, signaling a gradual recovery from the blow delivered by the coronavirus pandemic. But retail sales fell for a fifth straight month and ... ( read original story ...)
Indonesia panel of experts recommends c.bank mandate include employment
Indonesia's central bank should add to its mandate a target of bolstering growth to support employment and ministers should attend monetary policy meetings and have voting rights, a panel of experts ... ( read original story ...)
Bad Debt Wave Drags China’s Big Banks to Worst Profit Drop
China’s biggest banks posted their worst profit declines in more than a decade, putting pressure on their dividend plans, as bad debt ballooned and the government drew them into efforts to backstop a ... ( read original story ...)
China Throws a Wrench Into Trump’s Plan to Force TikTok Sale
Zhang Yiming’s plan to sell the U.S. operations of his short-video app TikTok to avoid a shutdown was thrown into jeopardy after China asserted its authority over a deal already under scrutiny by the ... ( read original story ...)
Billionaire-Backed Saxo Bank Reveals Hong Kong Expansion Plans
Online trading platform Saxo Bank A/S, which is part owned by Chinese billionaire Li Shu Fu, plans to do a lot more business in Hong Kong despite the increasingly tense political climate there. ( read original story ...)
HKBN Passes 100% of Government’s Wage Subsidies to its Hong Kong Talents
HONG KONG, Aug. 31, 2020 /PRNewswire/ -- Always putting Talents first, HKBN Group ("HKBN" or the "Group") announced today that it has passed on all wage subsidies received under the first tranche of t ... ( read original story ...)
The Latest: Nearly 500K Register for Free Tests in Hong Kong
Hong Kong authorities say nearly half a million people have registered for a free universal coronavirus testing program that is due to begin Tuesday. ( read original story ...)
Kuwait wants to lower public debt ceiling to 10 billion dinars
Gulf state is at risk of depleting its Treasury liquid assets if oil prices don't improve Kuwait City: Kuwait's government will study an idea to lower by half the ceiling on public debt as part of ... ( read original story ...)
7-Eleven, Inc. Continues Global Expansion, Signs Agreement with CP ALL to Operate 7-Eleven Stores in Laos
The first 7-Eleven-branded convenience store in Laos is expected to be open in Vientiane, the capital city. With the addition of Laos, CP ALL now holds licensing agreements to operate 7-Eleven stores ... ( read original story ...)