Markets

RIO DE JANEIRO: Brazil's Petrobras found suspicious activity in its oil trading business: and failed to stop it: six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters. A 2012 internal probe...

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 ...

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.

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.

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.

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...

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.

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.

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".

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.