Markets

Walmart Inc might finally have found the sweet spot in Japan's food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.

BANGKOK: Thai conglomerate Central Retail launched the country's biggest ever IPO on Thursday (Feb 20), giving it a market cap of around US$8.1 billion in a punt on a sputtering economy now hampered by the new coronavirus. Most Thais visit a shop each day owned by Central, a family-run empire...

BEIJING: China on Thursday (Feb 20) announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak. The reduction in the loan prime rate (LPR) – one of the preferential rates commercial banks impose on their best customers...

SHANGHAI: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. The Chinese manufacturing engine that powers much of the world economy is struggling to restart after an extended Lunar New Year break, hindered by travel and quarantine ...

Chinese personal computer maker Lenovo Group Ltd reported a 11per cent jump in third-quarter net profit on Thursday, slightly beating analysts' estimates, due to higher shipments.

WASHINGTON: While US trade tensions have receded, including with China, Federal Reserve officials worry the danger to the economy is not over, according to minutes of the last policy meeting released on Wednesday (Feb 19). President Donald Trump last month signed a "phase one" agreement with ...

SINGAPORE: The Singapore High Court on Thursday (Feb 20) granted embattled water treatment firm Hyflux another two-month extension for its debt moratorium. The court-sanctioned moratorium, which currently grants it a reprieve from creditors until Feb 28, will now end on Apr 30. This was the ...

U.S. President Donald Trump offered to pardon WikiLeaks founder Julian Assange if he said that Russia had nothing to do with WikiLeaks' publication of Democratic Party emails in 2016, a London court heard on Wednesday.

Google is planning to move its British users' accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday.

LOGISTICS real estate giant ESR Cayman, the sponsor of Singapore mainboard-listed ESR-Reit, on Thursday said it will offer S$225 million worth of five-year notes at par.