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THE International Monetary Fund (IMF) may have identified China as having more to lose in the US-China trade war, but the real loser is the world which has become economically more dependent on China.
MELBOURNE: Two of Australia’s biggest pension funds have agreed to a merger that would create a retirement-savings giant with more than A$120bil (US$84bil) in assets under management.
SYDNEY: First State Super and VicSuper said on Tuesday they have signed a binding deal to merge, creating Australia's second-largest pension fund as regulatory pressure drives consolidation.
THE search for sustainable, healthy alternatives to meat currently has two paths: the meat-mimicking veggie burger and lab-grown proteins. But in the land of dairy, there’s only plant-based alternatives like cashew “butter” and almond milk.
TOKYO: Anheuser-Busch InBev NV agreed to sell its Australian operations to Asahi Group Holdings Ltd. for an enterprise value of A$16 billion ($11.3 billion), and the Belgian company said it’s still considering reviving an initial public offering of its Asian subsidiary.
STOCKHOLM: Ericsson AB posted earnings that missed analyst estimates for the first time in six quarters and warned its rollout of 5G mobile networks in Asia would weigh on profits, in a rare setback to chief executive officer Borje Ekholm’s turnaround efforts.
SINGAPORE: Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long term effects of the political crisis in the Chinese city.