Markets

Sanjeev Gupta's US$500 million purchase of Europe’s largest aluminium smelter from Rio Tinto in 2018 was the steel tycoon’s first big industrial deal financed through traditional bank debt.

Garment makers in nine countries spanning Asia, the Middle East and North Africa have banded together to demand better contract terms from global clothing retailers, according to a draft document seen by Reuters.

The ECB's massive bond-buying programme has fuelled a bonanza in euro zone sovereign debt, with some investors vastly overstating their orders at debt sales in a bid to secure the coveted paper. But now some governments are starting to say, enough is enough.

The first quarter of 2021 kept investors on their toes as it served up surging yields, an accelerated rotation into cyclical stocks and wild rides in the shares of GameStop that brought the retail investors of WallStreetBets into the public eye.

Sodexo SA said on Thursday it expects its second-half revenue to expand after the French catering and food services group reported a large beat on its first-half profit margin.

CITI announced in an internal memo on Wednesday that Kartik Mani will be its new head of Asia Consumer Bank effective immediately, taking over from predecessor Gonzalo Luchetti, who has moved on to lead Citi's consumer banking unit in the US.

Celonis, a fast-growing German process mining software startup, has struck a strategic partnership with IBM to help companies make the most of the digital transformation that many are undergoing at speed.

HONG KONG: Asia's bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms. Globally, SPACs raised US$92 ...

South Korea said on Thursday it will issue so-called COVID-19 vaccine passports to immunized citizens, joining other nations introducing such certificates to revive cross-border travel while keeping infection risks under control.

SINGAPORE: Foreign worker levies will be waived for all S Pass and work permit holders, including maids, during their stay-home notice periods from January to September, the Manpower Ministry (MOM) said on Thursday (Apr 1). "This is to help employers manage the increased costs associated with the ...