Uniqlo owner Fast Retailing Co.’s global business head will become chief operating officer, as the retail giant grooms the next generation of leaders who might one day take the reins from founder Tadashi Yanai.
A taskforce comprising business leaders from the Group of 20 nations has recommended that every company contribute 0.2% of profits to a fund that will go toward achievement of sustainable development goals.
China Evergrande Group slumped as much as 87% in Hong Kong trading following a 17-month halt, becoming a penny stock as the country’s most-indebted developer unveiled more losses and delayed meetings with creditors.
Mallinckrodt Plc went bankrupt for the second time in less than three years, with plans to dramatically cut its debt load and reduce a sweeping opioid settlement.
Singapore lender Oversea-Chinese Banking Corporation Ltd. said it has fully restored all services after a disruption affecting consumer and business banking customers earlier Monday.
Siam Cement Pcl, one of Thailand’s largest industrial conglomerates, scrapped a proposed initial public offering for its chemicals unit, citing unfavorable market conditions.
SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology.
North Korea is easing Covid-19 border restrictions imposed nearly four years ago to help its beleaguered economy recover from the hit the country took when it sealed itself off, South Korea said.
The formation of a new coalition government in Thailand is gathering momentum with Prime Minister Srettha Thavisin finalizing his cabinet lineup that will probably see the former property tycoon retaining control of the finance ministry to bolster growth through fiscal stimulus.
Japan’s government warned its citizens to take precautions when visiting China, after reports of harassment in response to Tokyo’s discharge of treated wastewater from the Fukushima nuclear plant into the ocean.
