British regulators launch probe into Tesco profit error
LONDON: Britain’s financial watchdog on Wednesday launched a full probe into Tesco after the troubled supermarket massively overestimated its half-year…
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Alibaba and Wanda face-off, online and offline
BEIJING: China’s former richest man Wang Jianlin once bet Alibaba founder Jack Ma 100 million yuan (US$16.3 million) that online…
Japan business confidence up in sluggish recovery
TOKYO: Confidence among major Japanese manufacturers improved in the last quarter after a precipitous drop in the previous three months,…
Asian factories slow in September, push inflation ever lower
SYDNEY: Factory activity stumbled across much of Asia in September, with slowdowns in India, Japan and Taiwan and an outright…
Japan business confidence up in second quarter
Japanese business confidence improved in the three months to September after it sagged following a sales tax hike in April,…
EU says Apple’s Irish tax deals breach rules
The European Union said Tuesday that Apple’s sweetheart tax deals with Ireland breached rules on receiving state aid, in a…
Four per cent inflation next year when GST is implemented — RAM
KUCHING: RAM Rating Services Bhd (RAM) projects a base-case inflation of 3.8 per cent to four per cent for 2015…
Indonesia passes plantations bill, drops clause on foreign ownership
Indonesia has approved a plantations bill that aims to maximise land usage and open up the sector to smallholders, a…