Showing 1 - 10 of 25
Sycamore, Franchise Group Submit Bids for Kohl's
Business, Published on 04/06/2022
» Kohl's Corp. received takeover bids from private-equity firm Sycamore Partners and retail holding company Franchise Group Inc., according to people familiar with the matter.
Malaysia c.bank raises interest rate in surprise move
Published on 11/05/2022
» KUALA LUMPUR: Malaysia's central bank unexpectedly raised its benchmark interest rate from a historical low on Wednesday, as rising commodity prices, strained supply chains and strong demand conditions fanned inflationary pressures.
Volvo Cars Announces IPO Plan That Could Value It at $25 Billion
Business, Published on 06/10/2021
» Volvo Cars, the Swedish auto maker owned by China's Zhejiang Geely Holding Group, said Monday it would proceed with an initial public offering in Stockholm, in a deal that people familiar with the matter say could value it at upward of $25 billion.
Musk Says He Once Approached Apple CEO About Buying Tesla
Business, Published on 24/12/2020
» Tesla Inc.'s effort to bring out its Model 3 brought the electric car company near collapse in 2018. Now Chief Executive Elon Musk has divulged a new twist: He says he contacted his Apple Inc. counterpart, Tim Cook, to save his company.
Bangkok Bank, PTT lead Thai shares higher
Reuters, Published on 30/10/2019
» The Thai benchmark advanced 0.7% to lead the pack in the region, underpinned by gains in financial and energy stocks. Bangkok Bank Plc scaled 6% while oil and gas major PTT Exploration and Production Plc rose 3.4% after posting a jump in quarterly net profit.
Central bank plans steps to curb strong baht
Reuters, Published on 10/10/2019
» Thailand is not in recession but growing below potential and the central bank is ready to take action if needed, while there are also plans for further measures to curb the baht's strength, central bank and government officials said on Thursday.
BoT: Overseas investment ceilings to rise
Published on 04/10/2019
» In the face of a strong baht that has been Asia’s best performing currency this year, the Bank of Thailand will further relax rules on capital outflows before the end of the year, says governor Veerathai Santiprabhob.
Volvo's Polestar joins electric car race with rival to Tesla 3
Business, Published on 01/03/2019
» STOCKHOLM: Volvo Cars' luxury performance brand Polestar unveiled its first fully electric sedan on Wednesday, opening up online pre-orders for the five-seater fastback at a price and with a driving range to rival Tesla Inc's mass market Model 3.
Myanmar business mood darkens amid Rakhine outrage
Asia focus, Larry Jagan, Published on 24/09/2018
» Myanmar is stepping up efforts to attract foreign investment and spur economic development. A diplomatic offensive to improve the country's tarnished international image is part of the campaign, but western companies are not being swayed.
Myanamar reforms gather pace
Asia focus, Larry Jagan, Published on 09/04/2018
» Myanmar has reached a critical crossroads with the start of a new financial year as the National League for Democracy (NLD) government enters its third year in office. But concrete plans for accelerated economic and political reform are in the pipeline. They mark a return to the NLD's traditional, populist principles, stressing land rights and economic fairness but with an emphasis on economic liberalisation.