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Business 15 Jul 2019 | 12:14 AM

Australia's AMP says US$2.3b life unit sale 'unlikely' to proceed

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.

Business 15 Jul 2019 | 12:00 AM

Department store Barneys New York explores bankruptcy

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.

Business 14 Jul 2019 | 12:51 PM

China drafts plan to make it easier to do business

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.

Business 12 Jul 2019 | 12:00 AM

Tycoon woos Amazon, Google with data hubs

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.

Business 12 Jul 2019 | 12:00 AM

Bitcoin extends loss after Fed urges halt to Facebook crypto project

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.

Business 11 Jul 2019 | 8:42 AM

Singapore’s change to delisting rule will lead to higher prices, analysts say

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.

Business 11 Jul 2019 | 8:37 AM

Bitcoin extends losses after Fed chief urges halt to Facebook's crypto project

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.

Business 11 Jul 2019 | 12:04 AM

Fed's Powell signals rate cut as trade war outweighs strong job market

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.

Business 10 Jul 2019 | 3:35 AM

Trade worries to impact growth, investment in Asia-Pacific, S&P says

KUALA LUMPUR: Trade uncertainty will weigh on growth and investment in Asia-Pacific despite somewhat easier financial conditions, S&P Global Ratings says.

Putting Dr G On The Spot 07 Jul 2019 | 1:52 AM

Interruptions of uncertainty

Despite the development of modern forms of contraception, the "withdrawal" method remains one of the most popular methods of birth control.