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Qatar Airways buys stake in Cathay Pacific as plane diverted

Business, Reuters, Published on 07/11/2017

» DUBAI/SINGAPORE: Qatar Airways has broadened its global reach by purchasing a 9.61% stake in Cathay Pacific Airways, adding another strategic investor to the Hong Kong carrier's complicated share register at a time when it is looking to cut costs.

WORLD

Singapore home price index rises

Business, Reuters, Published on 03/10/2017

» SINGAPOREk: Singapore's private home prices rose for the first time in four years in the third quarter, marking a possible turning point for the sector, with analysts expecting clearer signs of a property market recovery in 2018.

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Foreign workforce in Japan tops 1m

Business, Reuters, Published on 28/01/2017

» The number of foreign workers in Japan surpassed one million for the first time last year, as the labour-strapped country struggles to find enough Japanese workers.

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Indonesia suspends cartel membership to avoid cuts

Business, Reuters, Published on 02/12/2016

» JAKARTA: Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries, less than a year after rejoining the cartel, as the net oil importer said it could not agree to the group's production cuts.

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Zimbabwe launches a new currency

Business, Reuters, Published on 30/11/2016

» HARARE: Zimbabwe launched a "bond notes" currency which held its value against the US dollar on Monday, despite warnings that it could cause hyperinflation and suggestions it could bring down President Robert Mugabe.

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Chinese-Russian JV to develop jumbo jet

Business, Reuters, Published on 03/11/2016

» ZHUHAI, China: China and Russia yesterday offered a glimpse of a grand plan to jointly make a jumbo jet to rival giants Boeing Co and Airbus Group SE, showing a model of the unnamed plane to be developed by a joint venture that will start work this year.

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Japan's food export engine fires up

Business, Reuters, Published on 26/10/2016

» TOKYO: Japan's export engine built around cars and electronics has stalled, but the future could be using the country's gourmet culture to cast itself as a purveyor of high-quality food.

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Chinese group buys 25% stake in Hilton

Business, Reuters, Published on 26/10/2016

» China's aviation and shipping giant HNA Group Co Ltd extended its push into hotels and Chinese tourism on Monday, paying $6.5 billion to buy a 25% stake in Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP.

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Small firms dying out as successors hard to find

Business, Reuters, Published on 04/10/2016

» TOKYO: Japan's small firms, many of which are "mom-and-pop" operations, are dying out as their ageing owners struggle to find successors, in another sign that the fast-ageing population is taking its toll on the world's third-largest economy.

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Yuan ascends to reserve status

Business, Reuters, Published on 01/10/2016

» China's yuan will formally join the US dollar, the euro, the Japanese yen and the British pound as a global reserve currency today, in a key milestone in the country's long campaign to boost its clout on the global stage.