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Employees At Work in Asia Pacific Are Not Happy With Their Work

While pointing out to uneasy communications with bosses as one factor, a recent survey has found that slightly less than one-third of those employees polled in Asia were happy in their work prompting the agency to conclude that, in general, employees in Asia are more downbeat about their jobs than...

As China’s Central Bank Corrals the Market, Bitcoin Drops by $100

Indications that the Chinese central bank has stepped up its efforts to regulate the bitcoin market is evident from the fact that the Chinese bitcoin exchanges have disabled withdrawals of the cryptocurrency after meeting with the People's Bank of China.   Including measures such...

To Lure Aramco Listing, a Slew of Incentives Planned by Singapore Exchange

As global exchanges compete for a slice of what could be the world’s largest-ever initial public offering, Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., says the media quoting people familiar with the matter.   In addition to...

As Prices Hit 4-Year Lows, Experts Predict Dark Times for Cocoa

Due to an abundant supply and weakening demand as growing health consciousness grips consumers, cocoa prices are in a meltdown, hitting a four-year low.   In an extended year-long decline after 2015's weather-related rally, the lowest level since March 2013 was hit by the...

Proposed U.S. Banking Law Reforms by Trump Ignites Political Fight

As Democrats drew fire at Truump saying that his order lacked substance and squarely aligned him with Wall Street bankers, U.S. President Donald Trump ordered reviews of major banking rules that were put in place after the 2008 financial crisis.   Financial markets embraced Trump's signal...

U.S. Fed does not Hike Interests but Sees 'Improved' Sentiment

Though the Federal Reserve did give a nod to growing optimism among the business community and consumers, it held the line on interest rates at its meeting this week.   Its benchmark overnight lending rate target was kept at a range of 0.5 percent to 0.75 percent by the Federal Open Market...

Amid Immigration Ban Turmoil, U.S. Airline, Travel Agency Shares Nosedive

Some executives of the U.S. airline and online booking agency have begun speaking out against the Trump administration's ban on travel from seven majority Muslim nations as the shares of such companies slumped for the second consecutive day on Tuesday.   Since Friday when President Donald...

Toyota Uses Network of Dealers to Fight the Republican Border Tax Push in U.S.

Toyota Motor Corp sent an urgent message to its U.S. dealers - tell the politicians the tax would seriously hurt car buyers, days before a group of Republican lawmakers were due to discuss their party's controversial proposal to tax all imports.   According to people familiar with the...

New Blockchain Consortium Launched by Bosch, Cisco, BNY Mellon and Others

As sectors beyond finance seek to benefit from bitcoin’s underlying technology and in an attempt to secure and improve "internet of things", Cisco Systems Inc, Bosch Ltd and several other companies, have set up a consortium to work on how blockchain can be applied to use.   From washing...

In Lunar New Year demand, China Girlfriend Rental App Gets Leg Up

In China, single people are often subjected to tough lectures from relatives keen on reinforcing the importance of marriage and securing the family blood line and some are busy answering messages on a mobile app from desperate men looking to hire an instant girlfriend whom they can present to mom...

New Risk to Chinese Banks Could be Ancient Silk Road Revival Plans

Fitch Ratings warned that new asset-quality risks for its banking system could be created by China's expansive overseas infrastructure lending through the One Belt One Road (OBOR) initiative.   Aimed at strengthening Chinese ties with more than 60 countries across Asia, Europe and East...

Apple Takes on Qualcomm in Courts As Regulators Waver

Analysts say that Apple’s perception that regulators are unlikely to put an end to what it considers the chip maker, Qualcomm's, unfair business practices is reflected by Apple's new legal assault on Qualcomm in the United States and China.   Qualcomm demands for a license fee based on the...
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