His Adani Green and Adani Total Gas trade at more than 750 times profit, far higher than Elon Musk’s Tesla or Jeff Bezos’s Amazon.Continue Reading
TOKYO: Japan’s household spending grew for a 2nd straight month in July despite the resurgence in COVID-19 cases, but inflationary pressures from the yen’s slump to a 24-year-low have cast doubt over a revival within consumption. From falling genuine wages to shrinking service sector activity, data this week has shownContinue Reading
BANGKOK: Tesla is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the US electric vehicle (EV) maker looking to hire a business development manager and recruiters, its website shows. The job announcements come as demand and interest for EVs in Thailand picks up due to concerns over highContinue Reading
JAKARTA: Indonesia finance ministry expects inflation to pick up in September and October following a price hike announced at the weekend on subsidised fuels, a senior official said. Deputy Minister Suahasil Nazara, however, said in a TV interview with CNBC Indonesia that the ministry expects the month-to-month inflation to normaliseContinue Reading
TOKYO: Japanese drinks giant Suntory last year debuted a strong, lemony brew in Australia that quickly became the top seller in the canned cocktail market there. Now the company is aiming to replicate that success in North America, critical to its aim of becoming the global leader in the fastest-growingContinue Reading
TOKYO: Japan’s top government spokesperson warned again on Fri (Sep 2) that this authorities were viewing currency moves using a high sense associated with urgency, as the yen slid to a fresh 24-year low against the dollar. “It’s important for currencies to move stably highlighting fundamentals. Sharp volatility is undesirable”,Continue Reading
TOKYO: Japanese Finance Minister Shunichi Suzuki said on Friday (Sep 2) that Tokyo will take “appropriate” action as needed on the yen’s slide to a fresh 24-year low against the dollar, signalling the chance of currency intervention to address volatile moves. “My impression is that currency market volatility has becomeContinue Reading
SEOUL: South Korea’s President Yoon Suk-yeol said he was not worried much in regards to the country’s external economic soundness, News1 reported on Friday (Sep 2). “The industry deficit widened by a great degree within August due to higher crude oil and item prices, but the saving account isContinue Reading
South Korea-based personal products maker Amorepacific will purchase Natural Alchemy, which usually operates the luxury elegance brand Tata Harper, as part of a strategic push to tap into the particular growing North American market. Vermont-based Tata Harper, which was launched in 2010 simply by Tata Harper and her former husbandContinue Reading
BEIJING: China’s manufacturing plant activity contracted the first time in three months within August amid weakening demand, while strength shortages and refreshing COVID-19 flare-ups disrupted production, a private field survey showed on Thursday (Sep 1). The Caixin/Markit manufacturing purchasing managers’ catalog (PMI) slid in order to 49. 5 withinContinue Reading