The US Department of Justice (DOJ) asked a federal appeals court late on Friday to uphold an April law requiring China-based ByteDance to sell TikTok's US assets by Jan 19 or face a ban.

US DOJ asks court to reject TikTok challenge to crackdown law

The first-ever joint declaration by Group of 20 (G20) finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda.

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

China’s manufacturing capacity is helping the world fight climate change and contain inflation, said Vice Finance Minister Liao Min, pushing back against US Treasury Secretary Janet Yellen’s latest criticism of the nation’s industrial excess.

China defends manufacturing push, says world needs more EVs

Australia said on Saturday it had signed a A$2.2 billion (US$1.4 billion or RM6.71 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.

Australia signs US$1.4b deal to upgrade navy submarines

Chinese Foreign Minister Wang Yi accused the Philippine government of repeatedly breaking a consensus over their intensifying dispute in the South China Sea.

China’s foreign minister blasts Philippines over South China Sea tension

With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. At the time of this writing, market prices imply a less than 2% chance that the Fed will not reduce rates at its policy-setting meeting in September, and ev...

The Policy Puzzle: The Fed Should Not Cut Interest Rates Yet

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

China's industrial profits post faster gains in June despite faltering economy

US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.

Yellen rejects Roubini claim of ‘manipulation’ in Treasuries

US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.

Keep global tax negotiations at OECD, not UN, Yellen says

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

World-lagging Thai stocks see investors moving money into regional rivals

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.

Spooked US stock market faces tech earnings minefield, Fed meeting