Markets

Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.

LOS ANGELES: Struggling fashion retailer Forever 21 said on Sunday (Sep 29) it has filed for Chapter 11 bankruptcy protection to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition. The company said it plans to exit ...

BANK lending in Singapore inched 0.6 per cent higher in August from a month ago, as continued contraction in consumer loans was offset by a rise in business loans, preliminary data from the Monetary Authority of Singapore showed on Monday. 

BEIJING: China's factory activity shrank for the fifth straight month in September, and though the downturn eased off slightly the underlying trend pointed to persistent pressure on the economy as it navigates a bruising trade war with the United States. Persistent weakness in the manufacturing ...

General Motors Co and the United Auto Workers (UAW) will continue talks on a new labor deal on Monday after they were unable to agree on a contract over the weekend, the union said.

Shares in AB InBev's Asia-Pacific unit Budweiser Brewing Company APAC Ltd were set to open up 1.5 per cent on their market debut in Hong Kong on Monday.

KUALA LUMPUR: Palm oil from an illegal plantation inside an Indonesian rainforest home to endangered orangutans has found its way into the supply chains of major consumer brands including Unilever and Nestle, according to a US-based environmental group. A Rainforest Action Network (RAN) ...

Transatlantic trade ties face renewed disruption this week when global arbiters are expected to grant the United States a record award allowing it to hit European imports with billions of dollars of tariffs in a long-running aircraft subsidy dispute.

Asian shares and the Chinese yuan were off to a cautious start on Monday as investors looked to how Chinese financial markets will react to the news the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.

BOCA CHICA, Texas: Billionaire entrepreneur Elon Musk has unveiled the latest iteration of his space company's newly assembled Starship, outlining a speedy development timeline for the centrepiece vehicle of SpaceX’s quest to launch humans to the moon and Mars. Musk showed a crowd of space ...