Leadership
China to invest in Canada mining despite crackdown, envoy says
CHINA’S ambassador says the country will continue to do business in Canada’s domestic critical minerals sector despite Prime Minister Justin Trudeau’s “unfortunate” crackdown on foreign investment. Ambassador Cong Peiwu...
Zara owner Inditex slashes China stores in digital focus
ZARA-OWNER Inditex more than doubled its pre-tax profits in China last year even as the fashion retailer scaled back its physical presence, closing a fifth of its stores in...
Canadian dollar weakens, benchmark yield climbs
THE Canadian dollar weakened against the greenback on Thursday (Mar 14), and the yield on benchmark government debt climbed. The loonie was trading 0.1 per cent lower at C$1.3477...
Hapag-Lloyd to seek cost cuts after net profit slump
GERMAN container shipper Hapag-Lloyd on Thursday (Mar 14) said global vessel oversupply and a crisis in the Red Sea will force it to cut expenses in 2024, including adapting...
Chemical Industries says companies linked to co-founder do not use its office for business
SEVERAL firms located at, and registered under, the same office address as Chemical Industries are investment-holding companies of its co-founder, Lim Soo Peng, and do not conduct any business...
Cost-cutting programme at Volkswagen brand bears first fruit
VOLKSWAGEN said on Thursday (Mar 14) that operating profit for its core mass-market brands increased by 80 per cent last year, in a sign that closer cooperation between them...
Long-term China LGFV bond makes rare comeback amid frenzy demand
A LOCAL government financing vehicle in the city of Hangzhou has sold a 20-year yuan bond, marking a rare investor return to long-dated notes and continued resilience in the...
China says US TikTok vote follows ‘logic of a bandit’
CHINA on Thursday (Mar 14) said the US House of Representatives’ approval of a Bill that would force TikTok to sever ties with its Chinese parent company or be...
