Markets

SINGAPORE: Over the past six years of running his own food and beverage (F&B) business, Foo Choo Kiat has had to double up as chef, cleaner and service staff from time to time. “When there’s a shortage of manpower, you just got to work the shift,” said the 32-year-old,...

The US Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world.

China's state-owned engineering company CMEC will modernise Tajikistan's flagship aluminium smelter in a $545 million deal, a representative for the smelter told AFP Friday.

The International Monetary Fund board on Friday approved an $118.2 million credit that will be rushed out for cyclone-devastated Mozambique to help with the recovery efforts.

Venezuela's opposition-controlled National Assembly expects to vote on making a US$71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.

Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.

The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a US$3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.

South Korean President Moon Jae-in on Friday signed deals worth $12 billion with Uzbekistan during a week-long tour of Central Asia, as he seeks to ease reliance on China and the US.

U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite declining mortgage rates.

BEIJING: China said Friday (Apr 19) leaders from 37 nations and North Korean representatives will attend a summit for its Belt and Road Initiative next week as it hit back at criticism of the massive trade infrastructure project. Chinese President Xi Jinping's pet project is a US$1 trillion ......