U.S. package delivery company FedEx Corp will terminate its contract at the end of this month for small-package ground deliveries with Amazon.com Inc, Bloomberg reported on Wednesday.
WELLINGTON: New Zealand's central bank slashed interest rates to a record low of 1 per cent Wednesday (Aug 7), warning that the economy faced rising headwinds. It did not rule out a further reduction later in the year, saying stimulus was necessary to meet employment and inflation targets. The...
SINGAPORE: Prudential Singapore has raised its Central Provident Fund (CPF) contribution rate for older workers above the age of 55 to match that of their younger colleagues, the insurance company announced on Wednesday (Aug 7). It becomes the first financial institution to do so, after it ...
China's top sport utility vehicle maker Great Wall Motor said in a stock exchange filing on Wednesday that its joint venture with BMW was proceeding as planned, though it was still awaiting regulatory approval.
SINGAPORE: Home Affairs and Law Minister K Shanmugam on Wednesday (Aug 7) said that he expects that the Singapore Convention on Mediation will come into force "relatively fast" for an international treaty. His comments came at a press conference shortly after 46 countries, including economic ...
U.S. electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said.
SINGAPORE: The Australian dollar plunged to multi-year lows on Wednesday (Aug 7) as investors bet that the country's central bank would follow New Zealand’s move with massive interest rate cuts. The Australian dollar slumped to as low as 0.9246 against the Singapore dollar, a level not seen ...
Businesswomen in Afghanistan are adamant that there will be no going back to the days of repression under the Taliban, and the progress women have made over the past 18 years will not be reversed.
German chemical groups Bayer and Lanxess have agreed to sell integrated chemical site operator Currenta to Macquarie Infrastructure and Real Assets (MIRA) for an enterprise value of 3.5 billion euros (US$3.9 billion).
India's central bank on Wednesday cut interest rates for the fourth time this year, as New Delhi battles sluggish economic growth and high unemployment.
