Bangkok / Tribune News Servicve Thai exports slipped for a second straight month in May, with the low value attributed to a slowdown in the global economy and low prices for farm products and oil. The Commerce Ministry said that exports fell 4.4% year-on-year in May to US$17.6 billion, with imports edging up 0.5% last month to $16 billion. ...

  Sydney / AFP A group of kayakers paddled to a tiny beach outside the Australian prime minister’s Sydney harbourside home on Saturday to call for action on climate change ahead of next weekend’s election. Protester Joseph Sikulu said he felt that the issue had dropped off the agenda ahead of the July 2 polls in which conservative Prime Minister ...

  Shanghai / Bloomberg China’s central bank will study shadow banking activities at Alibaba Group Holding Ltd. as it tries to ensure a fair environment exists for competition in the industry, Governor Zhou Xiaochuan said. Alibaba engages in activities that fall under the Financial Stability Board’s definition of shadow banking and are subject to different capital requirements than traditional banks, ...

  Bloomberg Listen at the doors of two major gatherings of the world’s central bankers in Switzerland and Portugal next week, and one might hear little but the sound of forecasts being shredded. The world’s monetary guardians will gather at the Bank for International Settlements’ annual meeting in Basel over the weekend, and at the European Central Bank’s yearly policy ...

  Bloomberg Italian and Spanish lenders were the biggest participants in the European Central Bank’s latest new loan programme, increasing their net borrowings by more than 25 billion euros (US$28 billion). Intesa Sanpaolo SpA said it increased borrowings by about 8 billion euros in the first of four targeted longer-term refinancing operations after paying back loans under a previous program, ...

  Bloomberg Global stocks are plunging. The pound is crashing. Economists and policymakers are predicting a recession in the UK and beyond after Britain’s historic vote to leave the European Union. If the fallout from Brexit gets worse, will the biggest US banks be able to weather the shock? The Federal Reserve has provided reason for optimism that they will. ...

  Bloomberg Currencies, stocks and bonds plunged across Africa after the UK’s vote to leave the European Union triggered a slump in oil and other commodities and sent investors scurrying for safe assets. South Africa’s benchmark share index fell the most since May 2010 to a third weekly decline, led by stocks with listings in London and by diversified mining ...

  Bloomberg Britain’s vote to leave the European Union will almost certainly have repercussions for the Federal Reserve — and those could play out over days or months. The severity of the fallout will become clear over three time horizons. The Fed said it’s ready to act with its global central bank partners to shore up liquidity in markets, if ...

  Our Correspondent EMIRATES BUSINESS Retailing in the UAE since 1988, Jacky’s Electronics is the country’s leading multi-brand consumer electronics retailer. The company opened its first retail showroom in Deira, Dubai and since then has grown steadily with five outlets across the UAE to date. Jacky’s Electronics has pioneered new concepts and approach to electronics retailing. All Jacky’s outlets are ...

  Our Correspondent EMIRATES BUSINESS While the summer sun shines bright over us, in all its might, the smell of a good fragrance is the only thing that prevents further concern. Being a top favorite amongst the elite in the world of fragrances, My Perfumes introduces a futuristic new concept called ‘Otoori’ where you can Mix and Match to create ...