Markets

The retail portion of Saudi Aramco's initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals (US$10.2 billion), lead manager Samba Capital said on Thursday.

Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits.

Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said on Thursday, highlighting a shift that is reshaping the global industry.

Barclays is planning to cut the 396,000 pounds (US$508,068) pension allowance it pays Chief Executive Jes Staley by around half, echoing moves by rivals who have pledged to rein in executive pension perks following a campaign by investors.

SINGAPORE: British technology firm Dyson will be moving its headquarters to St James Power Station, according to reports and sources. This comes more than 10 months after the privately-owned firm first announced it was relocating its corporate head office to Singapore to "reflect the increasing ...

India wants to conduct an audit of WhatsApp's security systems following revelations that a spyware exploited vulnerabilities in the Facebook-owned messaging platform, the country's technology minister said on Thursday.

China on Thursday reiterated its pledge to further widen market access for foreign capital and lower non-tariff trade barriers, as it aims to boost flagging trade amid a slowing economy and a trade war with the United States.

Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.

Japan's Panasonic Corp will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, a Nikkei Asian Review reported on Thursday.

India's debt-crippled national airline is focused solely on daily survival and keeping its flights in the air, a spokesman said Thursday, after the government warned it would have to shut down unless a buyer was found.