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Wednesday, September 30, 2015
Kellogg buys up Egyptian cereal firm for US$50 mil. with sights set on Africa
Kellogg said Monday that it bought Egyptian cereal company Mass Food Group for US$50 million as it seeks to boost its presence in Africa.
Mainland China will set an annual cap on cash withdrawals overseas using domestic bank cards, state media said Tuesday, as fears over capital outflows in the world's second largest economy grow.
India's central bank aggressively cuts interest rates to four-year low
India's central bank aggressively cut interest rates on Tuesday in a bid to kick-start economic growth, following a sharp drop in inflation.
The yen gained Tuesday on worries that China's economy will weigh on global growth, while other Asian currencies retreated against the U.S. dollar on an expected rate hike by the U.S. Federal Reserve.
Indonesia on Tuesday unveiled more stimulus measures to woo desperately needed investment, in its latest bid to boost the sliding rupiah and breathe new life into the slowing economy.
Tuesday, September 29, 2015
Historic data show Taiwan shares tend to move up in the fourth quarter and a domestic institutional investor has forecast the weighted stock index will hit 8,800 points before the end of the year.
To worldwide racing fans, the 2015 Formula One Singapore Airlines Singapore Grand Prix just concluded on Sept. 20. But to the Lotus F1 Team, their most important task was just beginning after the three-day festival ended.
India successfully launched Monday its first high-tech telescopes into space to study the stars, as New Delhi seeks to take another major step in its ambitious and low-cost space program.
Not one Japanese company applied for a subsidy program aimed at promoting more women to senior jobs, an official said Monday, an embarrassing blow for Tokyo's push to boost the economy with female workers.
The yen picked up Monday as worries about China overshadowed currency markets before U.S. data this week which may give clues about the timing of an interest rate rise this year.
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