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BEIJING/SHANGHAI: As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editions of fiery domestic liquor Moutai, not to drink but to hold onto as a rapidly appreciating investment.
Bank to meet customers with problems towards end of loan moratorium
NEW YORK: J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at US$1.75 billion to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said.
PETALING JAYA: The Securities Commission (SC) has cautioned the public against the usage of Crypto Automatic Teller Machines (Crypto ATMs).
HONG KONG: A controversial security law that threatens to upend Hong Kong’s status as an Asian financial hub hasn’t slowed the world’s most expensive real estate market.
HANGZHOU, China/SHANGHAI: Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown.
WASHINGTON: U.S. President Donald Trump said on Friday raising tariffs on China is "certainly an option" as he considers ways to retaliate for the spread of the coronavirus out of Wuhan, China.
SINGAPORE: Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes US$3.85bil to 23 banks, two industry sources said yesterday.
SINGAPORE: Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes $3.85 billion to 23 banks, two industry sources said on Thursday.