Leadership
Din Tai Fung to close 14 China outlets amid weak consumer spending
TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly...
Tech giants urge Malaysia to pause plan for social media platform licences
The Asia Internet Coalition – whose members also include Apple, Amazon and Grab – says the proposed licensing regime is “unworkable”An Asian industry group that includes Google, Meta and...
Sinopec’s 1H profit up 2.6% on record output despite slumping product demand
China’s Sinopec posted a 2.6 per cent rise in net profit for the first half of the year, it said on Sunday (Aug 25), as record oil and gas...
New Zealand to push through law to reverse ban on oil and gas exploration
NEW Zealand said on Monday (Aug 26) it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take...
Gold edges higher as Fed backs September easing
GOLD prices ticked up on Monday (Aug 26), extending gains from the last session as Federal Reserve chair Jerome Powell’s dovish remarks solidified expectations of an interest rate cut...
Oil climbs on Middle East escalation fears, US rate cut expectations
OIL prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent US...
Australia pension fund to acquire state’s Powerco stake: report
AUSTRALIAN Retirement Trust (ART), the nation’s second-largest pension fund, agreed to take majority ownership of New Zealand energy distributor Powerco, the Australian Financial Review reported, without saying where it...
Edgar Bronfman’s Paramount plans include partnership with big tech
EDGAR Bronfman Jr’s plans for Paramount Global include partnering with a technology stalwart such as Amazon.com or Apple to improve its streaming-TV business, according to people familiar with his...
