AirAsia has had $1 billion takeover offer for leasing unit: report
SINGAPORE (Reuters) – Asia’s largest budget airline AirAsia Bhd has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying.
Japan weak retail sales bolsters tax hike delay plan
TOKYO (Reuters) – Japanese retail sales fell in April for the second consecutive month, bolstering the argument that a nationwide sales tax increase scheduled for April next year should be delayed.
Noble Group’s CEO resigns in surprise move, to sell U.S. energy unit
SINGAPORE (Reuters) – Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza on Monday and said it planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence.
New credit card scrutiny sends Indonesians back to cash
JAKARTA (Reuters) – Indonesia’s plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows.
China bets on duty-free paradise to keep luxury spenders at home
SANYA, China (Reuters) – China’s efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy …
Suncor ramping up operations after Canada wildfire
TORONTO (Reuters) – Suncor Energy Inc’s facilities north of Fort McMurray, Alberta, are expected to partially restart by the end of the week, the company said on Sunday, the latest sign Canadian oil sands producers are coming back online after a massi…
Japan’s Abe to delay sales tax hike until 2019: government source
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election.
Lufthansa suspends Caracas flights as Venezuelan economy struggles
CARACAS (Reuters) – German airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars.
How four words rewrote Bayer-Monsanto deal script
Monsanto Co President Brett Begemann uttered those words last week to a small group of investors and a Reuters reporter when asked how the world’s largest seed company he helps lead might fit with German drugs and crop chemicals group Bayer AG.
Sumner Redstone suggests he could oust Viacom board, CEO
(Reuters) – Sumner Redstone made clear on Friday that he is considering ousting Viacom’s chief executive and the company’s board of directors in the fierce power struggle between Redstone’s family and company executives over control of the media empir…
