Markets

Domestic saving, already depressed, is headed deep into negative territory, says Stephen S. Roach.

NEW YORK: Berkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc's natural gas transmission and storage network for US$4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate's cash pile while letting Dominion focus on utilities operations. The transaction ...

Berkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc's natural gas transmission and storage network for US$4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate's cash pile while letting Dominion focus on utilities operations.

LONDON: A British consortium formed by a group of aerospace, automotive and engineering firms to build ventilators for the country's health service said on Sunday (Jul 5) it would end after delivering over 13,000 devices. VentilatorChallengeUK said its production had more than doubled the stock of ...

BUENOS AIRES: Argentina will make creditors an improved offer and extend negotiations on restructuring US$66 billion in debt through the end of August, President Alberto Fernandez said on Sunday (Jul 5). "The new offer will be made known today. It will be open until the end of August. It...

BEIJING: Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News reported on Sunday (Jul 5), citing Chinese web portal 163.com. Three other board directors ...

Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News reported on Sunday, citing Chinese web portal 163.com.

China's Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms infrastructure, Britain's health minister said on Sunday, after a report that the firm would be banned from the project.

China's Semiconductor Manufacturing International Corp (SMIC) will raise 46.29 billion yuan (US$6.55 billion) in a Shanghai share sale, more than double its initial target, pricing its offering following a surge in its Hong Kong-listed stock.

JAKARTA: An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday (Jul 5), Indonesia's Trade Ministry said. The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), signed last year and ...