Markets

Malaysian long-haul budget airline AirAsia X Bhd reported a record loss for the first three months of the year and its eighth quarterly loss in a row as the coronavirus pandemic devastated demand for air travel.

The organizers of the Mobile World Congress (MWC), the telecoms industry's biggest annual gathering, said on Thursday the conference would go ahead as planned as Spanish authorities approved its health and safety plan.

Royal Dutch Shell has agreed to sell its stake in a offshore gas field in the Philippines for US$460 million as part of its strategy to narrow its oil and gas operations.

SoftBank Group Corp CEO Masayoshi Son's stake in the Japanese conglomerate he founded has risen to 29.01per cent from 26.90per cent in February following the retirement of treasury shares, regulatory filings showed on Thursday.

South Korean President Moon Jae-in has been hoping to use his first summit with U.S. President Joe Biden this week to press a legacy policy of engaging North Korea, but Washington has played down the prospect of any quick impetus on the issue.

Hong Kong's seasonally adjusted unemployment slipped to 6.4per cent in the February-April period, the government said on Thursday, with the labour market improving as the coronavirus outbreak receded but still facing challenges from a slump in tourism.

SINGAPORE: Singapore Airlines (SIA) Group said on Thursday (May 20) that it aims to operate at a third of its pre-COVID capacity by July, after posting a record loss of S$4.3 billion in the last financial year. The company has also been looking for opportunities to expand its network, said CEO...

Malaysia's Sime Darby Plantation on Thursday reported a higher first-quarter net profit due to improved production of palm fruit bunches and better palm oil prices, although it expects prices to ease in the second half of 2021.

In a railway arch in south London, pickers and packers are in a race against time: to get fresh food to the door of Alastair Dean within 15 minutes of his order hitting an app.

Domestic car sales in Thailand surged 93.07per cent in April from a year earlier to 58,132 vehicles, coming off a very low base last year when the country was in a full lockdown, the Federation of Thai Industries (FTI) said on Thursday.