US manufacturing shrinks for first time in three years

US manufacturing shrinks for first time in three years

US-China trade war is eroding business sentiment in the United States. (Reuters pic)WASHINGTON: US manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining as trade tensions weighed on business confidence,...
Goldman ready to invest more in German fintechs

Goldman ready to invest more in German fintechs

Goldman Sachs is investing between US$10 million and US$100 million in German fintech startups. (Reuters pic)FRANKFURT: Goldman Sachs Group Inc. is preparing to invest in more German financial startups at a time when the industry is seeing a record inflow of money as...
Palm oil futures drop as soyoil prices weaken

Palm oil futures drop as soyoil prices weaken

KUALA LUMPUR: Malaysian palm oil futures reversed course and fell 1% at the midday break on Tuesday, pressured by losses in soyoil on the Chicago Board of Trade. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last...