Markets

SEOUL: South Korea's exports expanded at its sharpest pace in more than a decade in April, boosted by those of semiconductors, cars and petrochemical products, highlighting a continued trade-led recovery in Asia's fourth-largest economy. Exports surged 41.1 per cent from a year earlier, trade ...

TOKYO: Japan's biggest airline ANA reported its worst ever annual loss on Friday (Apr 30) but predicted a rebound to profit this financial year, with its vice president seeing "light at the end of the tunnel" after the pandemic. For the past year to March, ANA Holdings logged a...

BEIJING: China fined 11 companies including tech giant Tencent on Friday (Apr 30), taking aim at their acquisitions and joint ventures as authorities target monopolistic practices. The penalties come weeks after e-commerce giant Alibaba was hit with a US$2.78 billion fine by China's market ...

TikTok has appointed Singaporean Shou Zi Chew as the new chief executive officer of the popular video-sharing platform.

China has taken initial steps to improve protection of US know-how under the "Phase One" trade pact, but must go further and implement those measures, the top US trade negotiator said Friday.

Even though economic recovery is narrow for now, the momentum for growth is strong, and businesses should build on this to embrace transformation fully, says SBF CEO Lam Yi Young.

It provides critical back-end staff to other countries, particularly in finance and health. Coupled with its role in pharmaceutical supply, it is imperative everyone pitches in to help India, says this economist.

Brazil raked in a larger-than-expected $4 billion Friday auctioning the operating rights to the Rio de Janeiro water and sewer system, a win for President Jair Bolsonaro and his privatization agenda.

UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate.

DBS on Friday showed the blistering pace at which Singapore banks have recovered from the pains felt during the global Covid-19 outbreak last year as Singapore's largest bank cracked the S$2 billion mark in quarterly net profit.