In Malaysia’s Silicon Valley, fortunes flip as virus wrecks trade war gains
Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in...
Barclays cuts 2020 oil price outlook on price war, virus impact
Barclays on Tuesday slashed its oil price forecasts for 2020, citing OPEC’s failure to convince its allies including Russia to cut production further, which led...
IKEA tests selling through third party for the first time, on Tmall in China
IKEA on Tuesday started selling its products on Alibaba’s Chinese e-commerce platform Tmall, the first time the world’s biggest furniture retailer has sold through a...
Exclusive: Blackstone in talks to take developer SOHO China private in $4 billion deal – sources
U.S. private equity firm Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources,...
Samsung Display asks Vietnam not to quarantine 700 engineers from virus-hit South Korea
Samsung Display, a supplier for Samsung Electronics and Apple, has asked Vietnam to exempt 700 engineers from coronavirus-hit South Korea from a mandatory quarantine, saying...
Boeing shares plunge on coronavirus, 737 MAX wiring bundle setback
Shares of Boeing Co dropped more than 12% on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of...
Ackman’s Pershing Square gains nearly 3% in early 2020, warns of volatility
William Ackman’s publicly traded hedge fund gained nearly 3% this year, though the billionaire investor warned of volatility ahead as world markets reel under the...
Qantas cuts international capacity, delays A350 order as coronavirus bites
Qantas Airways Ltd will cut its international capacity by nearly 25% over the next six months and delay an order for Airbus A350 planes as...
Boeing says employee tests positive for coronavirus
Boeing Co said late on Monday an employee at its Everett facility in Washington state has tested positive for the coronavirus and has now been...
Oil prices jump 6% after biggest one-day fall since 1991
Oil prices jumped more than 6% on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia and Russia...