The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.It comes just days after Seven & i — which for two decades has wholly owned 7-Eleven, the world’s biggest convenience store brand — announced measures including a …
7-Eleven, Couche-Tard explore sell-offs ahead of potential merger Read More »
The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple.Rice shortages driven by factors from poor harvests caused by hot weather to panic-buying over a “megaquake” warning last summer have caused prices to nearly double over a …
Japan auctions emergency rice reserves as prices soar Read More »
Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world’s number two economy.The reading compounded uncertainty on trading floors as investors struggle to keep up with Donald Trump’s trade policy tinkering, while his refusal …
Hong Kong, Shanghai lead losers on mixed day for Asian markets Read More »
Beijing’s tariffs on certain US agricultural goods in retaliation for President Donald Trump’s latest hike on Chinese imports came into force Monday, as trade tensions mount between the world’s two leading economies. Since retaking office in January, Trump has unleashed a barrage of tariffs on major US trading partners, including China, Canada and Mexico, citing their …
China-US trade war heats up as Beijing’s tariffs take effect Read More »
The new CEO of LIV told AFP the world of golf will eventually “open up again” and the Saudi-bankrolled league has an important role in growing the game around the world.American sports executive Scott O’Neil, who has in the past run NBA and NHL teams, took the reins from Greg Norman in January.The period since …
New LIV CEO O’Neil predicts golf will ‘open up again’ Read More »
Consumer prices in China fell last month for the first time in a year, with authorities in the world’s second-largest economy struggling to kickstart spending and trade headwinds intensifying as US tariffs kick in under Donald Trump.Consumer spending in China has been mired in a slump since the end of the pandemic, fuelling fears of …
China consumption slump deepens as February prices drop Read More »
Global stocks were mixed Friday as President Donald Trump’s unpredictable tariff tinkering weighed down sentiment even as Wall Street stocks shot higher following reassuring comments from the head of the Federal Reserve.After a down day in Europe, US stocks looked poised for another rocky round following mixed employment data.Briefing.com analyst Patrick O’Hare said investors were …
Global stocks mixed as Trump shifts on tariffs weighs on sentiment Read More »
Australian casino operator Star Entertainment said Friday it has reached an agreement to sell its stake in a major resort in return for a cash lifeline to stay afloat.Shares in the group, which employs more than 8,000 people, have been suspended from trading since March 3 after it failed to post half-year financial results citing …
Australian casino firm strikes deal to avoid liquidity crunch Read More »
Britain and Japan stressed the importance of free trade in talks in Tokyo on Friday amid an escalating battle of tit-for-tat tariffs between the United States and other countries under President Donald Trump.”It’s crucial that we counter the increasing trade fragmentation that is damaging the global economy, and that we stand up for fair rules-based international …
Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.Japan said it was granting concessions on a 369.45 billion yen ($2.5 billion) loan under a comprehensive debt treatment plan, which the International Monetary …
