The energy industry's bet that a petrochemicals boom would support decades of oil and gas sales growth is on shaky ground as an already saturated plastic market is hit by a coronavirus demand shock.
LVMH said on Thursday it did not plan to buy shares in Tiffany on the market, which would be one way for the French luxury goods group to buy the U.S. jeweller for less than the US$16.2 billion agreed in last year's acquisition deal.
The idea of work-life balance seems outdated in a COVD-19 world, say two Swinburne University of Technology observers.
SINGAPORE: Employers have to compensate their employees for injuries sustained during work-from-home arrangements, said Minister of State for Manpower Zaqy Mohamad in Parliament on Thursday (Jun 4). “Work-from-home arrangements do not change an employer’s responsibility for work injury ...
Russia's Rosneft, which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.
SINGAPORE: Companies found to have "disguised their retrenchments" might have their Jobs Support Scheme wage subsidies and work pass privileges revoked, Minister for Manpower Josephine Teo said on Thursday (Jun 4). Retrenchments are guided by manpower laws, and employers are obliged to pay the ...
TAIPEI: Taiwan hopes a new programme will attract TUS$40 billion (US$1.34 billion) of research and development investment by foreign tech companies, creating more than 6,300 jobs a year, the government said on Thursday. Taipei will spend more than TUS$10 billion in subsidies over the next seven ...
South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.
KUALA LUMPUR: Malaysia's exports tumbled 23.8% in April from a year earlier, the steepest fall in a decade, as the COVID-19 pandemic badly disrupted the global supply chain, the government said on Thursday (Jun 4). The fall to RM64.92 billion (US$15.21 billion) was much wider than a 15.1 per...
A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday.
