Newsfeed – Business News
Cash-strapped Saks skips bond payment
Saks Global Enterprises, the cash-strapped retailer, has skipped an interest payment to bondholders totalling more than US$100mil that was due Tuesday as it looks to negotiate a deal with creditors, […]
Country enters fourth phase of e-invoicing to strengthen tax system
Malaysia entered the fourth phase of electronic invoicing (e-invoicing) rollout yesterday, marking another part of the government’s effort to strengthen tax administration while easing the compliance burden on small and […]
Berjaya Assets appoints Vincent Tan’s son-in-law as new CEO
Berjaya Assets Bhd has appointed Tan Tee Ming, 49, the son-in-law of its major shareholder Tan Sri Vincent Tan Chee Yioun, as its new chief executive officer (CEO), effective immediately. […]
Xi promises more proactive macro policies
China is on track to meet its growth target of around 5% this year and will roll out more proactive policies in 2026, President Xi Jinping says, amplifying promises for […]
Oyo Hotels’ parent files confidential IPO in India
Oyo Hotels-parent Prism has confidentially filed for an initial public offering (IPO) in India, three sources tell Reuters on Wednesday, marking a fresh push by the homegrown hospitality brand to […]
Japan firms lobby chiefs urge tackling weak yen
Two major Japanese business lobbying groups have called on the government to address the yen’s weakness, which is inflating import costs and weighing on households and businesses, their chiefs tell […]
Most Fed officials expect more rate cuts
A record of the Federal Reserve’s (Fed) December 2025 meeting shows most officials see additional interest rate cuts as appropriate if inflation declines over time as expected. Read full story […]
Musk’s xAI buys building to expand data centre
Elon Musk’s xAI is planning an expansion of its massive data centre complex in Memphis, and has purchased a third building in the area that will bring the company’s artificial […]
Colombia markets jolted as 23% wage boost fuels rate hike bets
Colombian swap rates have soared after President Gustavo Petro announced a 23% increase in the minimum wage, stoking bets that the central bank will have to hike interest rates to […]
CXMT eyes Shanghai listing to fund DRAM expansion
China’s leading maker of dynamic random access memory (DRAM) chips, ChangXin Memory Technologies Corp (CXMT), says it plans to raise 29.5 billion yuan (US$4.22bil) through an initial public offering of […]