Markets

BEIJING: Consumer inflation in China remained high in February, official data showed Tuesday (Mar 10), as the COVID-19 epidemic and soaring food prices took a toll on the economy. China's consumer price index (CPI) rose 5.2 per cent in February from a year ago, according to the National Bureau...

Tech firms at Malaysia's one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers.

Shares in Cypress Semiconductor Corp jumped in after-hours trade on Monday after the company said U.S. officials found no national security concerns with its proposed US$10 billion takeover by German chipmaker Infineon Technologies.

IKEA on Tuesday started selling its products on Alibaba's Chinese e-commerce platform Tmall, the first time the world's biggest furniture retailer has sold through a third party in its 77-year history.

Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC's failure to convince its allies including Russia to cut production further, which led to Saudi Arabia saying it would raise its output in April despite sluggish global demand.

U.S. private equity firm Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a US$4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market.

Shares of Boeing Co dropped more than 12per cent on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of the coronavirus and U.S. regulators said they disagreed with Boeing's argument about the safety of wiring bundles on the grounded 737 MAX jet....

Qantas Airways will cut its international capacity by nearly 25 per cent over the next six months and delay an order for Airbus A350 planes as part of sweeping changes in response to a coronavirus-led plunge in passenger demand.

William Ackman's publicly traded hedge fund gained nearly 3per cent this year, though the billionaire investor warned of volatility ahead as world markets reel under the economic hit from the coronavirus epidemic.

Heineken NV will invest 865 million reais (US$183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.