Markets

Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging U.S.-China trade war, a Reuters poll showed.

German luxury carmaker Daimler could face further recalls related to manipulated diesel engines in some of its compact car models, weekly magazine Der Spiegel said on Friday, without citing sources.

Activists staged protests against online retailer Amazon around France on Friday, denouncing the rampant consumerism typified by the annual Black Friday shopping frenzy.

U.S. consumers splurged more than US$2 billion online in the first hours of Thanksgiving shopping on Thursday, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores.

BEIJING/SHANGHAI: Chinese regulators have announced new rules governing video and audio content online, including a ban on the publishing and distribution of "fake news" created with technologies such as artificial intelligence and virtual reality. Any use of AI or virtual reality also needs to be ...

SINGAPORE: Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning a Singapore IPO of some of its regional beer assets in a float that could raise US$2 billion to US$3 billion next year, sources familiar with the matter said on Friday (Nov 29).  The Singapore-listed company has ...

BEIJING: China has room to ease monetary policy further, but authorities should not be careless in how they use such stimulus options, a central bank official said on Friday (Nov 29), reinforcing its cautious stance. "Our monetary policy has space ... but such policy space cannot be squandered at...

TOKYO: The Bank of Japan (BOJ) and the Monetary Authority of Singapore have extended a local currency swap agreement by three years to 2022, the Japanese central bank said on Friday (Nov 29).  The agreement allows for the exchange of local currencies between the two central banks of up to...

SYDNEY: Hong Kong carrier Cathay Pacific Airways plans to cut capacity by 1.4 per cent next year, reversing an earlier plan for a boost of 3.1 per ccent because of a challenging business outlook, an internal memo seen by Reuters showed. The plan comes after the company this month cut its...

BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW's electric MINI brand and Great Wall Motor models.