SP Hinduja, billionaire head of Britain's richest family, dies at 87
Srichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain's wealthiest family, has died aged 87, his daughters said on Wednesday.
2023-05-18 10:23
Australian gold miner Newcrest backs Newmont's $17.8 billion offer
Australian gold miner Newcrest Mining said on Monday it would back Newmont A$26.2 billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year.
2023-05-17 13:50
Exxon settles Indonesia torture case that led to SEC official's ouster
Exxon Mobil on Monday settled a long-running human rights lawsuit with villagers who claimed soldiers Exxon hired to guard a natural gas facility in Indonesia committed murder and torture.
2023-05-16 15:18
Warren Buffett's Berkshire Hathaway sells entire stake in TSMC
Warren Buffett's conglomerate has sold its remaining shares in the world's largest chipmaker, TSMC, after the "Oracle of Omaha" sounded alarms about its homebase of Taiwan.
2023-05-16 12:50
A barbecue frenzy is gripping China. Can street food revive the economy?
When China was in the midst of a pandemic-induced economic slump in 2020, then Premier Li Keqiang touted the idea of creating jobs by encouraging street vendors to set up shop across the country. That pitch was quickly shot down by close associates of leader Xi Jinping, who characterized the traditional trade as "unhygienic and uncivilized."
2023-05-16 09:47
China's record carbon emissions expected to peak due to clean energy push, report says
China's carbon emissions will likely hit a new record in 2023 on the back of an economic rebound, but a rapid expansion in green energy will enable its emissions to peak soon, a global energy think tank said on Friday.
2023-05-12 15:16
Australia's trade minister visits China to lobby for 'full' restoration of trade
Australia's trade chief has arrived in China to lobby for the removal of curbs from its top trading partner, three years after relations soured when the previous administration in Canberra called for an investigation into the origins of Covid-19.
2023-05-12 14:30
China names head of powerful new financial regulator as industry faces greater scrutiny
China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry.
2023-05-11 16:54
Global companies warn of slower-than-expected recovery in China
China's first few months of reopening to the world hasn't gone as planned for global businesses.
2023-05-11 13:22
China's deflation worries deepen as consumer prices grow only 0.1% in April
Deflationary pressure in China is worsening as consumer prices increased at the slowest pace in two years, suggesting weakness in domestic demand and a long road ahead to full economic recovery.
2023-05-11 13:16
'Everybody is worried': China raids offices of consultancy firm Capvision in widening industry crackdown
China's state security authorities raided multiple offices of international advisory firm Capvision, state media reported Monday, part of a broader crackdown on the consulting industry as Beijing tightens control over what it considers sensitive information related to national security.
2023-05-09 15:54
Treasury Secretary Yellen calls CEOs and business leaders with warning on debt limit
US Treasury Secretary Janet Yellen has been calling CEOs and business leaders to discuss the consequences of brinkmanship around the debt ceiling, according to a source familiar with the matter.
2023-05-09 13:25