Markets

BEIJING: China's industrial output rose at a faster-than-expected pace in October, while retail sales continued to recover albeit at a slower-than-forecast pace as the world's second-largest economy emerged from its COVID-19 slump. Industrial output climbed 6.9 per cent in October from a year ...

SYDNEY: Trading on the Australian Securities Exchange was halted on Monday (Nov 16) as the stock exchange operator cited "market data issues", shortly after shares touched their highest in more than eight months. The S&P/ASX 200 index gained 1.3 per cent at 6,487.30, its highest since Mar 8. The ...

Brilliance Automotive Holdings, the Chinese joint venture partner of BMW , said its parent Huachen Automotive Group may undergo restructuring after a creditor filed an application to a Chinese court.

BEIJING: Chinese new home prices grew at a slower monthly pace in October, data showed on Monday (Nov 16), as market restrictions imposed in some big cities cooled the property sector despite a broader economic recovery. Average new home prices in 70 major cities rose 0.2 per cent in October...

SEOUL: Hanjin Kal, owner of Korean Air Lines, is likely to buy Asiana Airlines as Asiana's state-run creditor Korea Development Bank (KDB) plans to inject 800 billion won (US$723.55 million) into Hanjin Kal, Yonhap said on Monday (Nov 16). The acquisition would combine the country's two biggest ...

PNC Financial Services Group Inc is in talks to buy the U.S. arm of Spanish bank BBVA in what could be one of the largest bank tie-ups since the financial crisis, the Wall Street Journal reported https://on.wsj.com/38YxxWH on Sunday.

Asia's stock markets opened higher on Monday, as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, while oil prices and risk-exposed currencies also edged higher.

Simon Property Group Inc , the biggest U.S. mall operator, said it reached an agreement to cut the price of its looming takeover of rival Taubman Centers Inc to US$43 a share in cash, the companies said on Sunday.

U.S retailer Walmart Inc has agreed to sell most of Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten in a deal that values Seiyu at 172.5 billion yen (US$1.65 billion), the companies said.

The Tech.Pass scheme is a needed booster in attracting tech talent in a fiercely competitive digital world, says NUS Business School’s Lawrence Loh.