Markets

The small US manufacturers that rushed to produce face masks over the past year are now stuck with hundreds of millions of unsold face coverings because China is flooding the market with below-cost masks, and most may not survive the end of the pandemic.

A pandemic-driven boom in home appliance sales will last longer than previously anticipated and extend into the second half of the year, Samsung Electronics Co Ltd's head of the business said.

SINGAPORE: Singapore Technologies Engineering's aviation asset management unit has agreed to set up a joint venture with Temasek for freighter aircraft leasing, amid growing demand for freighter aircraft as e-commerce and air cargo volumes rise. The joint venture aims to build a portfolio valued ...

BEIJING: Chinese startup Full Truck Alliance aims to raise around US$1.5 billion from its initial public offering in New York which will value the company at more than US$20 billion, a source familiar with the matter said on Tuesday. CNBC reported earlier on Tuesday that Full Truck Alliance ......

Toshiba Corp's board is set to appoint UBS as financial adviser to work on a strategic review for the Japanese conglomerate facing a possible private equity bidding war, people familiar with the matter said.

The non-performing loan ratio for China's commercial banks was at 1.8per cent as of end-March, while outstanding non-performing loans totalled 2.8 trillion yuan (US$435.80 billion), the country's banking and insurance regulator said on Tuesday.

REUTERS: China Hongqiao Group will put a secondary, or recycled, aluminium production line into operation in its home province of Shandong at the end of this year, the world's top private-sector aluminium maker said in a statement on Tuesday. The joint project with Germany's Scholz Recycling ...

India's severe second wave of coronavirus infections will slow near-term economic recovery and could weigh on longer-term growth dynamics, rating agency Moody's Investors Service said in a note on Tuesday.

TOKYO: Japan's third-biggest steelmaker, Kobe Steel Ltd, aims to cut its CO2 emissions from its production process by 30per cent-40per cent by 2030 from 2013 levels in concert with a global push toward decarbonisation, it said on Tuesday. The 2030 target does not include its power generation ...

SHANGHAI: Shanghai and Korean exchanges have agreed to launch a cross-border scheme for exchange-traded funds (ETFs), and aim for closer cooperations in index development and bond markets, the Shanghai Stock Exchange (SSE) said on Tuesday. SSE general manager Cai Jianchun and Korea Exchange ...