Markets

KUALA LUMPUR: Malaysia's MMC Corporation Bhd has received a letter from its controlling shareholder seeking to privatise the company via a selective capital reduction and repayment exercise of 2.94 billion ringgit (US$714 million), a stock exchange filing on Thursday showed. Under the proposal ...

The future of a bevy of commercial electric van startups seeking investor capital through blank-check IPOs rests largely in the hands of a small group of big companies, above all UPS, FedEx, DHL and Amazon.

For the Khoi and San - South Africa's first inhabitants - a verdant patch of land in Cape Town embodies victory and tragedy.

TAIPEI: Taiwan's central bank reiterated confidence in the island's economy on Thursday, despite a spike in COVID-19 cases, although it said it would have to monitor consumption. The government has repeatedly sought to allay fears that the outbreak of coronavirus infections will affect ...

JAKARTA: National flag carrier Garuda Indonesia will seek a suspension of debt payments to creditors and lessors under a "standstill agreement" in order to avoid bankruptcy, a senior government official said on Thursday (Jun 3). The coronavirus pandemic has put the state-controlled airline's ...

Ant Group's consumer finance unit has won approval to begin operating in Chongqing city, the local banking watchdog said on Thursday.

LONDON :Many cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules, the country's financial watchdog said on Thursday, showing how some parts of the emerging sector are struggling to meet required standards.

KUALA LUMPUR: Independent non-executive directors at Malaysia's Serba Dinamik Holdings Bhd have expressed shared concern over issues flagged by the company's auditor. The directors said in a statement on Thursday that the oil and gas services company's management, together with the board, is ...

Vietnam Airlines plans to sell 11 Airbus A321 aircraft through an auction, as the Southeast Asian country's flag carrier struggles with the economic fallout of the coronavirus pandemic.

China expects exports to maintain good momentum in the first half of 2021, the commerce ministry's spokesman Gao Feng said on Thursday.