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Australia approves vast coal mine near Great Barrier Reef

SYDNEY: Australia approved the construction of a controversial coal mine near the Great Barrier Reef on Thursday (Jun 13), paving the way for a dramatic increase in coal exports. Drawing a line under a decade of rancorous debate, Queensland's government said it had approved a groundwater ...

Markets

China’s ‘Gen Z’ shoppers fuelling luxury market momentum: Bain

Chinese "Gen Z" shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into buoyant demand for high-end goods in the world's second-biggest economy, consultancy Bain said on Thursday.

Markets

China, Hong Kong homebuyers play cross-border musical chairs in Bay Area

An ambitious plan to transform the industrial towns of China's Pearl River Delta into a modern economic zone powered by new technology ventures has triggered a rush of cross-border property investments between Hong Kong and the mainland.

Markets

World’s largest brewer opens Israeli cybersecurity unit as attacks mount

Anheuser-Busch InBev (AB InBev), the world's largest beer maker, said on Thursday it was opening a cybersecurity unit in Israel to help protect itself from a growing number of attacks.

Markets

Oil prices jump after ‘attack’ on tankers in Gulf of Oman

LONDON: Oil prices spiked by about three per cent on Thursday (Jun 13) after a reports of an "attack" on two oil tankers in the Gulf of Oman. The US Fifth Fleet said it had received two distress calls after a "reported attack on tankers" in the Gulf, while a...

Markets

France’s Le Maire says he will meet Renault chairman on Thursday

French Finance Minister Bruno Le Maire said on Thursday he would meet Renault chairman Jean-Dominique Senard later in the day and reiterated that a merger with Fiat Chrysler remained an interesting option for Renault.

Markets

Lockheed Martin says cost cut plan for F-35 jets ahead of schedule

Lockheed Martin said on Thursday it was on track to cut the cost of its F-35 fighter jet A variant to US$80 million per jet a year ahead of its original target of 2020.

Markets

Packager DS Smith says stocking up on spare parts ahead of Brexit

Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain's planned exit from the European Union, but expected disruption to its operations to be "relatively contained".

Markets

Singapore’s GIC partners Polymer Connected to build 2 data centres in Jakarta

More than 100 jobs will be created in the Indonesian capital when the data centres come online progressively next year, says Polymer Connected CEO Darren Hawkins.

Markets

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it's entering the establishment its creators sought to subvert.

Markets

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