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Oil pares steep weekly loss as US warship downs Iranian drone

SINGAPORE: Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from the Middle East may be disrupted.

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Budweiser readies year’s biggest IPO, tapping Asia’s growing thirst

Budweiser Brewing Co. APAC could raise as much as US$9.8 billion ahead of its listing in Hong Kong

Struggles of transport stocks transmit caution to Wall St

NEW YORK: Add this to worries about Wall Street: The index of planes, trains and trucking companies, considered an important stock barometer of the U.S. economy's health, is struggling.

Credit Suisse trading losses eclipse wealth management gains

ZURICH: Tidjane Thiam’s three-year restructuring at Credit Suisse Group ended with the bank still confronting an old issue: trading losses dragging down gains in wealth management.

How Jack Ma became the role model for startups

His vision changed China

Asian stocks bruised by Trump's trade war threats

TOKYO: Asian shares came under renewed pressure on Friday after reports U.S. President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports.

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Macau, Asia’s Vegas, can’t beat the real McCoy for fun

MACAU—It took Macau just two years to eclipse the Las Vegas Strip as the world’s biggest gambling hub after the Chinese territory opened up its casino market. Trying to catch up with Vegas as an entertainment capital is slower going.

HK unveils expansionary budget with push on innovative industries

HONG KONG: Hong Kong rolled out tax cuts, relief measures and capital spending in an expansionary budget after the city racked up a hefty budget surplus, targeting investments in high-technology industries to help raise its competitiveness.