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Business 20 Jul 2019 | 12:00 AM

Time to look east for MAS

Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.

Business 21 Jul 2019 | 11:01 AM

In Singapore, Temasek’s results spark discussion of Chinese investments

WHEN Temasek Holdings announced its results early last month, there was no hiding the stark fact that Singapore’s state investment firm was feeling the full effects of the ongoing US-China trade war.

SMEBiz 22 Jul 2019 | 12:00 AM

Tailor-made menswear gets a makeover

THE office of startup Match U is located on Shanghai’s Bund, which is lined with some of the world’s most prestigious banks and financial institutions, and sits in an area that has nurtured some of China’s finest bespoke tailors.

SMEBiz 22 Jul 2019 | 12:00 AM

Changing the e-commerce game

HAVING pioneered the trading of gold and jewellery on online platforms more than 12 years ago, Datuk Louis Ng is aware of the enormous potential that the Internet has to offer.

Business 22 Jul 2019 | 10:27 PM

Tech leads US stocks higher

NEW YORK: U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing.

Business 23 Jul 2019 | 12:00 AM

Trading frenzy grips China’s new market

SHANGHAI: They propelled a little-known semiconductor manufacturer to a 521% surge, traded a mid-sized railway company 13 times more feverishly than the world’s largest bank and valued a chipmaking-gear producer at an eye-watering 730 times earnings.

Business 23 Jul 2019 | 12:00 AM

Philips profit shows how plant rejig offers trade war remedy

AMSTERDAM: Royal Philips NV’s efforts to revamp supply chains to avoid tariffs from the US-China trade dispute are paying off, with the Dutch healthcare company reporting better-than-estimated profit.

Business 23 Jul 2019 | 10:09 PM

Oil price rises near US$64/bbl on second downed Iranian drone

HOUSTON: Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.

Business 23 Jul 2019 | 10:14 PM

Earnings and trade optimism push Wall St. toward record high

NEW YORK: The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.

Business 24 Jul 2019 | 12:00 AM

China’s BAIC takes 5% stake in Daimler

FRANKFURT: Daimler AG’s Chinese partner BAIC Motor Corp is set to buy a 5% stake in the Mercedes-Benz maker to cement industrial ties between the two automotive companies.