Build it and they will come: Thai developers pour billions into retail
Thailand’s new ultra-luxurious Iconsiam shopping complex opens its doors on Saturday, shrugging off a decline in tourist arrivals and political uncertainty ahead of next year’s elections.
AirAsia X considering switching part of Airbus order to narrowbody jets: CEO
AirAsia X Bhd , which has yet to firm up a tentative order for 34 Airbus SE A330neo widebody jets placed in July, is considering switching some of those jets to narrowbody A321neos, the CEO of its Malaysian arm said on Friday.
In China, response to pledged share meltdown stirs concern
Scores of Chinese brokers and banks are struggling under the weight of hundreds of billions of dollars worth of loans to companies using their own plummeting shares as collateral.
Stung by Asian dominance, Germany pours cash into EV battery ventures
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters.
Factbox: Plans for electric vehicle battery production in Europe
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters.
Australia’s Westpac fined $2.4 million in rate case, fraction of penalty sought
Westpac Banking Corp won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator.
SEC to review corporate democracy rules risking investor clash
The U.S. securities regulator is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues like climate change and gun viole…
Asia stocks retreat from one-month high as Fed tempers rally
Asian stocks pulled back from a one-month high on Friday as the Federal Reserve looked set to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally.
Spenders or thrifters: As Singles’ Day nears, are China’s shoppers about to drop?
China is gearing up for the biggest shopping event of the year on Sunday, a day dominated by e-commerce giant Alibaba Group Holding Ltd which saw $25 billion worth of goods sold on its platforms alone in the 24-hour period last year.
Oil in bear market as supply rises, demand outlook weakens
Oil stabilized on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude down by around 20 percent since early October.
