Markets

While the economy’s growth momentum looks strong at the moment, there are signs that China may risk tightening fiscal and monetary policy too soon, says Yu Yongding.

SINGAPORE: When Suzianna Mohd Sofiee tied up with homegrown multi-label retailer Naiise at the start of last year, sales went up more than when she partnered with other smaller retailers.  The platform’s strong presence gave her brand, Fen Perfumes, good exposure. It also provided a physical ...

Toyota, which pioneered hybrid cars, unveiled Monday plans for its first global line-up of battery electric vehicles as other carmakers have pulled ahead in electrification.

The United States said on Monday (Apr 19) it was reimposing sanctions on nine state-owned companies in Belarus after strongman Alexander Lukashenko ignored warnings to release political prisoners rounded up from democracy protests.

GameStop's George Sherman will step down as CEO in the biggest shakeup at the video game retailer, giving top shareholder Ryan Cohen more control as he leads the company's shift to e-commerce. The company's shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9 per cent...

SINGAPORE: A forklift held together with make-shift wires and bales of scrap metal stacked unsafely were some of the lapses that led the Ministry of Manpower (MOM) to issue a stop-work order to waste metal recycling firm Esun International on Monday (Apr 19). The company president was caught by ...

TOKYO: Japan's Toyota Motor signalled a shift in its climate change stance on Monday (Apr 19), saying it would review its lobbying and be more transparent on what steps it is taking as it faces increased activist and investor pressure. The carmaker came under scrutiny after siding with the...

HONG KONG: China has imposed a sweeping restructuring plan on Jack Ma's Ant Group, the fintech conglomerate whose record US$37 billion IPO was derailed by regulators in November, that will see the group become a financial holdings company among other things. Ant, valued at around US$315 billion ...

THE HAGUE: ABN AMRO has agreed to pay €480 million (US$574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said Monday. The settlement was made up of a €300 million fine and...

HONG KONG: A Chinese painting from 1924 is expected to fetch at least US$45 million in an auction in Hong Kong, as collectors' appetite for art continues to rise even amid economic uncertainty brought about by the coronavirus pandemic. The painting by influential Chinese modern artist Xu Beihong ......