Starbucks targets new market, in coffee exporting Laos
SEOUL: South Korea's factory activity expanded at the fastest pace in more than two years in October, a private-sector survey showed on Monday (Nov 2), as global demand picked up from its coronavirus slump. The IHS Markit purchasing managers' index (PMI) jumped to 51.2, from 49.8 in September, the...
SINGAPORE: Oil prices slumped more than 4 per cent on Monday (Nov 2) to the lowest levels since May on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the US presidential election week. Brent crude for January was at...
Australia's Westpac bank suffered a 66 percent plunge in net profits in fiscal 2020, hammered by the coronavirus economic downturn and a record fine for breaches of money-laundering laws, it said Monday.
SYDNEY: Australia has stopped sending rock lobster to its biggest market of China after new Chinese customs inspections were imposed on the live seafood, an industry group and the Australian government said. The new inspection delays come amid diplomatic tensions between the two nations, raising ...
Oil prices hit five-month lows and shares extended losses on Monday on worries about global demand as many economies slid back into coronavirus-induced lockdowns while upcoming U.S. presidential elections led to heightened caution.
Lazard Ltd has hired restructuring banker Sam Whittaker from PJT Partners to oversee negotiations between companies and their creditors across Europe, the Middle East and Africa as a second wave of COVID-19 leaves many businesses fighting for survival.
Australian wealth manager AMP Ltd on Monday said a buyout offer from U.S.-based Ares Management Corp had an implied value of AUS$1.85 per share, valuing the proposal at AUS$6.36 billion (US$4.47 billion).
The U.S Commerce Department said on Sunday it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a judge blocked the action.
EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides said on Sunday, in a sign both sides are still pushing to avoid a damaging trade rupture in less than nine weeks.
