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Singapore Cuts Growth Outlook to Near Zero as Trade War Deepens

Singapore’s government cut its forecast for economic growth this year to almost zero as the escalating U.S-China trade war dampens the region’s most trade-reliant economies. Singapore’s economy now is seen growing 0.0%-1.0% this year, down from a previous projection of 1.5%-2.5%, the Ministry of...

Hong Kong Stocks Resume Retreat as Protest Fallout Deepens

Hong Kong’s stocks fell amid renewed pressure after protesters brought the city’s airport to a standstill Monday, highlighting the economic fallout from weeks of anti-government demonstrations that show no sign of easing. The Hang Seng Index fell as much as 1.7% Tuesday, as the city’s international...

Saudi Aramco First-Half Profit Falls 12% on Lower Oil Prices

Saudi Aramco posted a 12% decline in profit as the world’s biggest oil exporter reported first-half results for the first time, ahead of a potentially record-breaking share sale. Net income was $46.9 billion, down from $52.9 billion a year earlier, state-owned Aramco said Monday. The results,...

Uber Freezes Hiring of U.S. Tech Staff, Seeks to Cut Costs

Uber Technologies Inc. said it instituted a hiring freeze for employees working on software and services across the U.S. and Canada, as the ride-hailing company faces mounting losses. An Uber spokesman said Friday that the San Francisco-based company has put a pause on hiring new software engineers...

British Airways Loses Bid to Block U.K. Pilots' Summer Walkouts

British Airways lost a U.K. court bid to halt a pilot strike, in a ruling that may clear the path for walkouts at the height of the busy summer travel season. The ruling Wednesday raises the risk of the airline’s first pilot strike in about four decades, in a dispute about pay, profit sharing and a...

China Imposes Taiwan Travel Ban in Warning Shot to President

In its latest effort to increase pressure on Taiwan, Beijing said it will suspend a program that allowed individual tourists from 47 Chinese cities to travel to Taiwan, citing the current state of relations between the two sides. The ban is effective from Aug. 1, according to a statement Wednesday...
CC BY-SA 4.0 D-Crunch performing at the K-pop Musical Festival at COEX on June 1, 2019.

NINE CHARMING BOYS, D-CRUNCH COMING TO YANGON SOON

D-CRUNCH, also known as Diamond Crunch, the hottest rising boy group from South Korea will be coming to Yangon, Myanmar for a three-day promo tour this July. The group consist of nine talented young boys known as O.V, Hyunwook, Hyunho, Hyunwoo, Hyunoh, Minhyuk, Chanyoung, Jungseung and Dylan...

Cal-Maine (CALM) Posts Larger Loss on US Egg Glut, Lower Prices

The U.S. egg industry has an oversupply issue, and prices are so unprofitable that Cal-Maine, the biggest U.S. producer, posted its first net loss in six quarters. But prices may be near, if not at, their lowest. Producers are losing money, and that’s going to force farms to make adjustments and...

Goldman Sachs Says Yen Offers a More Attractive Hedge Than Gold

Investors looking at haven assets to protect against a risk-off shock should find the yen a cheaper option than gold, according to Goldman Sachs Group Inc. An increase in gold-price volatility has made bullish options on the traditional haven more expensive than yen equivalents, wrote strategists...

Japan Post Share-Sale Plan Clouded by Scandal at Insurance Unit

The government’s plan to sell over $10 billion worth of shares in Japan Post Holdings Co. has been clouded by a scandal at its insurance unit. The subsidiary, Japan Post Insurance Co., is voluntarily refraining from active product sales amid allegations of inappropriate sales practices. Both stocks...

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