SEOUL: The de facto chief of South Korea's Samsung business empire will "humbly accept" the court ruling that sentenced him to two-and-a-half years in prison for corruption and will not appeal, his lawyer said on Monday (Jan 25). Lee Jae-yong, vice-chairman of Samsung Electronics, the world's ...
ZURICH: Credit Suisse, Dutch lender ING and France's BNP Paribas have decided to stop financing the trade in crude oil from Ecuador, the banks said on Monday (Jan 25), following pressure from campaigners aiming to protect the Amazon rainforest. The role of European lenders in backing the trade ......
HONG KONG: Chinese online video company Kuaishou Technology is aiming to raise US$4.95 billion to US$5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters. The online video site, backed by...
Taiwan's Economics Minister Wang Mei-hua spoke on Sunday to senior executives at Taiwan Semiconductor Manufacturing Co Ltd (TSMC) about the global shortage of auto chips, the ministry said on Monday.
SYDNEY: Pacific island nations are turning to China-led agencies to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional Western partners, stoking fears the region is becoming more dependent on Beijing. The Cook Islands, a tiny country of around ...
LONDON: Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. Its geologists, engineers and scientists have been cut to less than 100 from a peak of more...
SYDNEY: Asian shares were on the defensive on Monday (Jan 25) as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 718.72. The benchmark is...
BOSTON: The world's 20 best-performing hedge funds earned US$63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show. As a group, the most ......
Top oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus crisis triggered spending cuts.
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions, the US benefits services provider owned by buyout firm Blackstone, public at a valuation of US$7.3 billion including debt, people familiar with the matter said on Sunday (Jan 24).
