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SYDNEY: Australian wealth manager AMP Ltd.’s planned overhaul of its scandal-hit business is in tatters after the A$3.3 billion ($2.3 billion) sale of its life unit collapsed.
NEW YORK: US luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said.
BEIJING: China has come up with measures to make it easier to do business in the world's second largest economy, from nurturing private enterprises to widening market access, as economic growth slows amid a protracted trade war with the United States.
NEW DELHI: A string of successful bets on ports, mining and commodities helped transform Gautam Adani (pic) from a nondescript diamond trader into a tycoon with a net worth of US$10bil.
LONDON: Bitcoin dipped almost 8%, extending losses the day after US Federal Reserve chairman Jerome Powell called for a halt to Facebook’s Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.
SINGAPORE: Singapore’s move to shift the power on delistings in favor of minority shareholders means bidders will need to pay higher premiums to get deals done.
LONDON: Bitcoin dipped almost 8% on Thursday, extending losses the day after U.S. Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.
WASHINGTON: The Federal Reserve is preparing to cut interest rates for the first time in a decade because it sees a cooling global economy and no sign of overheating in the jobs market at home.
KUALA LUMPUR: Trade uncertainty will weigh on growth and investment in Asia-Pacific despite somewhat easier financial conditions, S&P Global Ratings says.