World

Semen Indonesia buys LafargeHolcim’s unit

JAKARTA • PT Semen Indonesia, the country’s top cement maker, is acquiring LafargeHolcim Ltd’s local business in a deal valuing the unit at about US$1.75 ...

Australia’s house prices could drop 30%, says UBS

SYDNEY • Australian house prices could plunge 30% under a deep recession scenario analysis conducted by UBS Group AG.
In the worst of five cases ...

HNA’s Seaco attracts Orix, Ontario Teachers

HONG KONG • HNA Group Co Ltd’s sale of container-leasing business Seaco has attracted potential bidders including Japanese financial firm Orix Corp and ...

Tata is said to vet Jet Airways books for potential purchase

MUMBAI • Tata Group is conducting due diligence on Jet Airways India Ltd, as the conglomerate looks to expand its footprint in the country’s growing air ...

BoJ’s hoard of assets is now bigger than the economy

Tokyo • The Bank of Japan’s (BoJ) massive asset purchase programme has taken it into uncharted territory, with its ballooning holdings now larger than the ...

Don’t put Trump’s fox into financial regulation henhouse

By MELVYN KRAUSS / Pic By BLOOMBERG
It seemed like good news for the global economy when Randall Quarles, the US Federal Reserve’s vice chair for ...

Still alive in Paradise after fire, but then what?

By AFP
Chico • Some plan to travel far away, while others are determined to rebuild their lives here, but most of the survivors of the deadly fire that ...

Beijing wants S. China Sea code completed in 3 years

By AFP
Singapore • A rulebook to settle disputes in the hotly contested South China Sea should be finished in three years, Chinese Premier Li Keqiang ...

Shrinking Sea of Galilee has some hoping for a miracle

Mainly due to overuse, the famous lake has environmentalists raising the alarm
By AFP Ein Gev • It was not so long ago when swimmers at Ein Gev would ...

Citigroup to weigh new China securities JV

HONG KONG • Citigroup Inc is considering ending its securities joint venture (JV) in China as it weighs trying to find a new local partner that would let ...

Wall Street’s RM188t China dream lagging

Many US firms are cautious as they weigh the country’s longterm potential against its growing number of short-term challenges
by BLOOMBERG HONG KONG • ...

Vodacom falls as consumer woes hit sales growth

JOHANNESBURG • Vodacom Group Ltd’s shares fell the most in almost eight months after the wireless carrier with the most South African customers reported ...