SINGAPORE (REUTERS) – Asian stock markets fell on Thursday (Oct 29) but not as sharply as Wall Street’s rout overnight, while oil bounced off lows …
Ikea’s malls arm says expansion plans intact as customers return post-lockdown
STOCKHOLM (REUTERS) – Ikea’s shopping malls business, one of the world’s biggest, said its expansion plans remained on track with visitors quickly returning to its …
China strips back currency control in move towards liberal yuan
BEIJING (BLOOMBERG) – China has taken more steps this month to loosen its grip on the yuan than at any time since curbs were imposed …
Oil plunges over 5% as pandemic surges, US crude output soars
NEW YORK (REUTERS) – Oil prices fell more than 5 per cent on Wednesday (Oct 28), sending Brent to a four-month low as surging coronavirus …
SIA Engineering flags provision for lower hangar revenue, parked aircraft
SINGAPORE (THE BUSINESS TIMES) – SIA Engineering will recognise a non-cash impairment provision against its base maintenance unit’s assets, and is working on finalising the …
China’s recovery shows mixed signals as global outlook dims
BEIJING (BLOOMBERG) – China’s economic recovery displayed mixed signals while remaining broadly steady in October, with small businesses turning more cautious and the property market …
Airbnb sets stage for blockbuster IPO with choice of Nasdaq listing
NEW YORK (REUTERS) – Home-rental startup Airbnb plans to list its shares on the Nasdaq, setting the stage for one of 2020’s most high-profile stock …
IATA slashes airline revenue forecast for 2021 on Covid-19 resurgence
PARIS (AFP) – Airline industry revenues are expected to remain 46 per cent lower in 2021 than the US$838 billion (S$1.14 trillion) booked in the …
Nearly 200 European airports risk going bankrupt if travel fails to recover
PARIS (AFP) – Nearly 200 European airports risk insolvency in the coming months if passenger traffic does not recover, a trade association warned on Tuesday …
US presses Myanmar leader Suu Kyi for inclusive election
WASHINGTON (AFP) – The United States on Tuesday (Oct 27) urged Myanmar’s civilian leader Aung San Suu Kyi to promote an inclusive election and renewed …
China blasts ‘bully’ US ahead of Pompeo’s Sri Lanka stop
COLOMBO (AFP) – China warned the United States not to “coerce and bully” Sri Lanka as US Secretary of State Mike Pompeo arrived on a …
Facebook’s India policy chief quits after hate speech claims
NEW DELHI (AFP) – Facebook’s top India public policy executive, who was at the centre of a row over the alleged failure to address hate …
Japan Airlines to post record $3 billion net loss this year: Nikkei
TOKYO (Reuters) – Japan Airlines (JAL) is likely to post a record net loss of about 230 billion yen (S$3 billion) in the business year …
Sembcorp, SP Group to create platform that trades renewable energy certs, provides carbon consulting
SINGAPORE (THE BUSINESS TIMES) – Energy companies Sembcorp Industries and SP Group are collaborating to develop an environmental sustainability platform for corporates and consumers. The …
It’s Asia to the rescue again as oil demand wavers elsewhere
SINGAPORE (BLOOMBERG) – As a second coronavirus wave menaces Europe and the US, Asia is back in a familiar position: acting as a bulwark against …
Discount broker Charles Schwab to cut about 1,000 jobs
NEW YORK (REUTERS) – Charles Schwab Corp said on Monday (Oct 26) it is laying off about 1,000 positions in the combined workforce of Charles …
AIG names new CEO, plans to spin off life and retirement unit
NEW YORK (REUTERS) – Insurer American International Group (AIG) on Monday (Oct 26) said its board approved a plan to separate the life and retirement …
Typhoon Molave strikes Philippines, displacing over 100,000
Typhoon Molave cut a wide swathe as it swept across the Philippines yesterday, dumping heavy rains and bringing gale-force winds that uprooted trees, inundated villages …
Ultra-royalists push back, with threats of violence online
BANGKOK • Pictures of coffins and guns, and threats of death and violence – protests targeting Thailand’s government and monarchy have hardened feelings among ultra-royalists, …
Japan PM faces grilling by opposition
TOKYO • Opposition lawmakers are to grill Prime Minister Yoshihide Suga on a controversy over academic freedoms in the Diet session that opened yesterday and …