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BANGKOK: Thai Airways International Pcl is challenging some US$7.4bil (RM30.4bil) in claims from dozens of aircraft lessors and engine service provider Rolls-Royce Holdings Plc, saying it isn’t liable for the monies because they concern future expenses and were incurred after the airline received bankruptcy protection from a Bangkok court.
SINGAPORE: When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has instead become a cautionary tale for firms looking to invest in Chinese developers
NEW DELHI: Anil Agarwal supercharged his rise from scrap metals trader to billionaire commodities magnate by embracing bold acquisitions and lots of debt.
NEW YORK: The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.S. history.
SINGAPORE: Grab Holdings Inc is exploring going public in the US through a merger with a blank-cheque company as the South-East Asian ride-hailing and delivery giant seeks to expedite its listing process, according to people familiar with the matter
NEW YORK: Oil price fell to around US$68 a barrel on Tuesday in a choppy session, pressured as concerns faded of a supply disruption in Saudi Arabia, which countered a pause in the dollar's rally and prospects for tighter supply due to OPEC+ output curbs.
NEW YORK: U.S. stocks rallied on Tuesday, with the Nasdaq gaining about 4% to recoup heavy losses from the previous session as U.S. bond yields retreated and investors scooped up battered technology stocks
NEW YORK: Technology-related shares sold off on Monday in a big downturn that pushed the Nasdaq into corrective territory and offset stocks that rose on hopes the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy.