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Economy 30 Apr 2018 | 3:13 AM Premium

China's economic problem

A rapidly aging workforce threatens the nation’s ambitions, but Beijing still discourages childbirth

Corporate News 22 Feb 2018 | 11:05 PM

Billionaire Warren Buffett letter may tout optimism as broader market worries ebb

NEW YORK: Warren Buffett may use part of his annual letter to Berkshire Hathaway Inc shareholders, due on Saturday, to renew his optimism about America, at a time economic growth is on the upswing and U.S. stocks sit near record highs despite rising interest rates.

Corporate News 25 Jan 2018 | 12:00 AM

Toys “R” Us to shut a fifth of its US stores

BENGALURU: Toys “R” Us Inc said on Tuesday it would shut about one-fifth of its stores in the United States in the coming months, as the toy store chain tries to emerge from one of the largest ever bankruptcies by a specialty retailer.

Corporate News 24 Jan 2018 | 7:36 AM

Toys ‘R’ Us to shut about 180 stores in bid to exit bankruptcy

NEW YORK: Toys “R” Us Inc. is planning to close about 180 U.S. stores as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.

Markets 04 Jan 2018 | 12:00 AM

UK clears Glaxo’s gene therapy

LONDON: The UK’s thrifty health authority has cleared its most expensive medicine ever – a US$700,000 GlaxoSmithKline Plc treatment for an illness known as “bubble-boy disease.”

Business 11 Dec 2017 | 12:00 AM

India faces painful move to cleaner energy

Money will be key issue to be discussed at One Planet Summit in Paris

Business 25 Nov 2017 | 12:00 AM

Should Asians be financial leaders or followers?

Think Asian - By Andrew Sheng
HONG Kong this week celebrated the breaking of the Hang Seng Index 30,000 level, poised to break the peak of 31,958 set on Oct 30, 2007 that was the last hurrah before the global financial crisis.

Corporate News 28 Oct 2017 | 12:00 AM

On the right track to commitment

Views and comments from corporate sector.

Markets 19 Sep 2017 | 11:02 PM

Toys 'R' Us gets court permission to borrow US$2bil after filing for bankruptcy

NEW YORK: Toys 'R' Us Inc got court permission on Tuesday to borrow more than US$2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy.

Corporate News 19 Sep 2017 | 7:22 AM

Toys ‘R’ Us files for bankruptcy ahead of holiday season

Wilmington, Delaware: Toys ‘R’ Us Inc, the largest US toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.