AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday.
China on Thursday reported an outbreak of African swine fever in the southern province of Guangdong - the country's first reported cases of the deadly disease in almost three months.
Malaysian budget carrier AirAsia Group said on Thursday it planned to undertake a private placement of up to 20% of its total issued shares to strengthen its financial position.
Indonesian authorities said on Thursday the search for victims of a plane crash that killed all 62 people on board had been halted, but the hunt would continue for the Sriwijaya Air jet's cockpit voice recorder (CVR).
Copper prices rose on Thursday, helped by a lower dollar and sliding stocks in London Metal Exchange registered warehouses, but gains were capped by expectations that demand growth in top consumer China had for now reached a plateau.
China's two biggest aluminium makers have issued a joint proposal on how their industry should seek to reduce emissions, conserve energy and produce low-carbon metal, as part of a national plan to achieve carbon neutrality.
Norway backed Norwegian Air's survival plan on Thursday as Industry Minister Iselin Nyboe said that the government had no intention of being a shareholder but would stump up cash if private investors did too.
Copper prices advanced on Thursday as investors wagered a massive stimulus package under U.S. President Joe Biden's administration would likely offset damage wreaked by the COVID-19 pandemic and boost global assets.
Munich-based luxury fashion platform Mytheresa said on Wednesday it raised $406.8 million in its U.S. initial public offering (IPO), valuing the e-commerce site at $2.2 billion.
Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the most important staple food for billions of people worldwide.
Japan's exports rose for the first time in two years in December on the back of shipments to China, government data showed, offering a glimmer of hope for policymakers counting on an export-led recovery amid a resurgence of the coronavirus.
United Airlines Holdings Inc said on Wednesday it aims to cut about $2 billion of annual costs through 2023 as it charts a recovery from the coronavirus pandemic that drove its fourth straight quarterly loss.
India's IndiGo has emerged as one of the world's biggest airlines by capacity, aided by a swift recovery in the domestic aviation market to nearly 80% of pre-pandemic levels and the financial strength to boost market share as rivals struggle.
United Airlines Holdings Inc on Wednesday reported a fourth straight quarterly loss as the coronavirus pandemic continued to upend the travel industry and said it aims to cut about $2 billion of annual costs through 2023 as it charts a recovery plan.
Indian stock exchanges on Wednesday gave the go ahead for Future Group's $3.4 billion deal to sell its retail assets, taking it a step closer toward closing a deal that has soured its ties with its business partner Amazon.com Inc.
India's government on Wednesday offered to suspend implementation of three new farm laws that have triggered the biggest farmers' protests in years, which farm union leaders said they would now consider calling off.
The World Health Organization (WHO) said on Wednesday that three COVID-19 vaccines were in the late stages of review for possible emergency use listing, in addition to the one made by Pfizer and BioNTech already approved.
Two of the world's biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships.
Europe Inc's fourth-quarter reporting season will test investor confidence in profit recovery as a new round of social restrictions is expected to have driven earnings down more than 25% while further blurring the outlook.
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