World

SoftBank’s Son finally explains how all those deals fit together

TOKYO • Masayoshi Son has had a busy year even by the standards of Japan’s most proli c investor. Yesterday in Tokyo, he took the time to explain how it ...

Draghi says ECB isn’t there yet as inflation lag takes time

FRANKFURT • Mario Draghi said policymakers are still waiting for inflation to catch up with the economy’s recovery, as they put off any discussion on ...

Unilever cuts costs on flights, products as activists circle

LONDON • Unilever is sharpening its focus on profitability by lifting prices and cutting spending on everything from employee flights to product ...

BofA said to halt transactions with HNA

LONDON • Bank of America Corp (BofA) has told investment bankers to stop working on transactions with HNA Group Co for now amid growing concerns about the ...

Lenovo’s CEO vows to hit online sales target — or quit

BEIJING • Lenovo Group Ltd’s Yang Yuanqing asked for patience as he tries to get China’s top personal computer (PC) maker growing once more, but for the ...

EU shows positive labour market

The European Union (EU) is experiencing a positive labour market and social trends on the back of continued economic growth, according to a report by the ...

BoJ’s dovish bent shows Asia’s policy divergence

HONG KONG • The Bank of Japan’s (BoJ) determination to press on with its unprecedented monetary stimulus leaves it out of step with developed world peers, ...

Japan returns to trade surplus in June

TOKYO • Japanese trade returned to surplus in June, with both imports and exports continuing the strong growth they have had all year.
Exports rose ...

Discovery, Viacom said to have held talks to acquire Scripps

NEW YORK • Discovery Communications Inc and Viacom Inc, two cable network owners hurt by the rise of Net ix Inc and YouTube, have held separate talks to ...

Even a bond rout can’t scare investors away from Indonesia

SINGAPORE • As local-currency bonds in Indonesia joined the recent global debt sell-off, Aberdeen Asset Management plc and Western Asset Management Co had ...

Akzo Nobel CEO quits as chem breakup looms

AMSTERDAM • Akzo Nobel NV was forced into a surprise change in CEO, adding to the upheaval engulng the Dutch paintmaker as it splits in two in response to ...

Moon seeks 2020 deal for peace with N. Korea

SEOUL • South Korean President Moon Jae-in (pic) is seeking a deal with North Korea in 2020 to bring about the “complete denuclearisation” of the isolated ...