Japan’s core private sector machinery orders fell slightly in December, signaling a more cautious stance by companies toward spending amid risks to the global economy, government data showed on Monday.
One year after being hit by a $2-billion scam, India’s Punjab National Bank (PNB) is set to return to annual profits and strong loan growth in fiscal 2020 even as investigations continue into the country’s biggest banking fraud.
Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several ‘mitigating factors’, according to the chief executive of Southeast Asia's largest bank.
Chinese readers, many of whom had switched to e-reading devices and online bookstores, are now flocking back to traditional stores as they are offering a wider range of new products, the China Daily reported Monday.
About half of around 100 regional banks in Japan will introduce a new cashless payment system developed by Mizuho Financial Group Inc. starting in late March, sources close to the matter said on Saturday.