Business

Ultra low-cost Flair Airlines says it has launched a $1 base airfare deal for passengers flying back to Canada from sun destinations — but some experts are skeptical of whether the airline can sustain the promo.  VP says deal is a way to give back to customers, expert calls strategy …

TOKYO — Bank of Japan (BoJ) Deputy Governor Ryozo Himino on Wednesday reiterated the central bank’s stance that it would continue to raise interest rates if inflation stayed on course, while also closely monitoring financial market conditions. His comments echo those from Governor Kazuo Ueda last week, who suggested that …

Photo Credit: Reuters NEW YORK — Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said on Monday, pointing to rising population and demand for energy worldwide. In a new report, ExxonMobil said it “sees a plateau in …

A rickshaw rider in the Chinatown district of Chiang Mai/Bloomberg BANGKOK — Employment in Thailand dropped 0.4 percent in the second quarter from a year earlier due to lower farm jobs, after a 0.1 percent year-on-year dip in the previous quarter, the state planning agency said on Monday. Agricultural employment …

Bank Indonesia / Christopher Jeffer JAKARTA — Indonesian banks will be required to publish a breakdown of their lending rates, including margins, starting in October under a new regulation as financial authorities look to increase industry competitiveness. The regulation from Indonesia’s Financial Services Authority (OJK), which was issued earlier this …

Parking provider Park’N Fly has disclosed that an unauthorized third party accessed its network last month and gained access to one million customer files.  Company says it has taken steps to improve network security after July breach. Parking provider Park’N Fly has disclosed that an unauthorized third party breached its …

People cross a bridge at Pudong financial district in Shanghai August 11, 2014. REUTERS/Carlos Barria/File photo  BEIJING — China’s fiscal revenue fell 2.6 percent in the first seven months of 2024 from a year earlier, narrowing slightly from a 2.8 percent slide in the first half, finance ministry data showed …

TOKYO — Japanese government bond (JGB) yields ticked down on Monday, mirroring declines in US Treasury yields after Federal Reserve chairman Jerome Powell said “the time has come” for the central bank to cut interest rates. US Treasury yields, with which JGB yields tend to move in tandem, sank on …

Photo Credit: Global News OTTAWA — Canada’s industrial relations board on Saturday (Sunday in Manila) ordered striking rail workers back on the job and imposed binding arbitration to settle labor disputes at two major freight carriers that threatened to upend the North American economy. Stoppages began Thursday morning at both …

WASHINGTON D.C. — US Vice President Kamala Harris’ price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, not helping, US consumers. Harris, the Democratic nominee for president, announced the policy last week as part of a raft …