Business News

China Inc's mounting stress - funding woes, shrinking profit growth and a trade war

Fierce competition for M&A funds, plus the slowing economy pushed the company into the red for the third quarter, she said.

Nov 15, 2018

By Reuters

Uber posts $1 billion loss in quarter as growth in bookings slows

Uber is not required to publicly disclose financials, but last year started releasing selected figures.

Nov 15, 2018

By Reuters

Theresa May urges tech firms to stop spread of extremism online

Draft Brexit deal ends Britain's easy access to EU financial markets

Currently, inside the EU, banks and insurers in Britain enjoy unfettered access to customers across the bloc in all financial activities.

Nov 15, 2018

By Reuters

Former Malaysia PM Mahathir questioned by police for the second time in June

Goldman Sachs bankers 'cheated' Malaysia over 1MDB - PM Mahathir

A Goldman Sachs spokesman on Monday said in an email to Reuters that the bank denied any wrongdoing.

Nov 14, 2018

By Reuters

Hong Kong's third-quarter GDP growth seen cooling as trade war, rate hikes bite

The average forecast from five economists is for a third-quarter growth of 2.9 percent from a year earlier, easing from 3.5 percent in the April-June quarter.

Nov 14, 2018

By Reuters

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines profit sinks on fuel costs, Virgin Australia losses

Singapore Airlines is in the second year of a three-year transformation plan designed to cut costs and boost revenue.

Nov 14, 2018

By Reuters

Investors monitor stock market prices in Kuala Lumpur

Foreigners sold Asian equities in October on worries over trade, slowing growth

Data from regional stock exchanges showed foreigners sold a net total of $14.54 billion in Taiwan, South Korea, India, Thailand, Philippines, Indonesia, and Vietnam equities in the last month.

Nov 12, 2018

By Reuters

Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London

UK parliament will vote down May's Brexit deal, former minister says

Asked if there was any chance May's plan could pass parliament, Justine Greening, who supported staying in the European Union, said "no".

Nov 12, 2018

By Reuters

China says will further open up its economy, slams rising protectionism

Both Singapore and China are expected to rally support for the Regional Comprehensive Economic Partnership (RCEP) pact now being negotiated.

Nov 12, 2018

By Reuters

Singapore calls for closer S.E. Asia, says multilateralism under threat

The pact includes 16 countries, including China, India, Japan and South Korea, but not the United States.

Nov 12, 2018

By Reuters

Saudi Arabia discussing proposal to cut oil output by up to 1 million bpd by OPEC and allies: sources

The sources said the discussions were not finalized as much depending on the reduction in Iranian exports.

Nov 11, 2018

By Reuters

China's Alibaba secures $3 billion loan to finance acquisition spree

Alibaba Singles' Day sales hit $10 billion in first hour

Singles' Day is the world's biggest online sales event and last year netted Alibaba 168 billion yuan ($24.15 billion) in total sales.

Nov 11, 2018

By Reuters

mike-pence-believes-abortions-will-end-in-our-time

Calls for open trade to greet Pence as Trump skips Asia summit

The pact includes 16 countries, including China, India, Japan and South Korea, but not the United States.

Nov 11, 2018

By Reuters

White House adviser Navarro to Wall Street - Stay out of U.S.-China trade talks

China's top diplomat Yang Jiechi on Friday said the U.S.-China trade talks can be resolved through talks and that any ongoing conflict would hurt both countries.

Nov 10, 2018

By Reuters

audio-from-stolen-plane-reveals-final-moments-before-deadly-crash

China launches aviation fuel index amid slowest demand growth in four years

China is estimated to consume a total of 35 million tonnes of jet fuel this year, Gong Feng, vice president of CNAF.

Nov 10, 2018

By Reuters

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