International Business

International Business

Scotch whisky exports at record high despite US tariffs

The value of Scotch whisky exports rose to a record high last year, backed by booming sales in countries such as Taiwan and India, which...

Boards of Fiat Chrysler, Peugeot owner PSA, sign off on merger: report

The boards of French carmaker PSA , the owner of Peugeot, and Fiat Chrysler (FCA) in separate meetings on Tuesday approved a binding agreement...

Saudi Aramco hits Crown Prince’s $2 trillion goal despite valuation doubts

Saudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up...

LVMH to buy Tiffany for $16.2 billion in its biggest acquisition

Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet as the French luxury goods maker bets...

Alibaba confirms huge Hong Kong public listing worth at least $13 billion

Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in...

Fiat Chrysler and Peugeot plan world’s No.4 carmaker

Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to...

Amazon sales forecast, slower AWS growth disappoint investors

Shares of Amazon fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue...

China’s riding to the rescue of luxury brands

When Tiffany & Co said this month it was sending its priciest jewellery to mainland China to reach wealthy shoppers no longer jet-setting abroad,...

Rich Chinese outnumber wealthy Americans for first time

The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a...

Forever 21 latest retailer to file for bankruptcy

Fashion retailer Forever 21 filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught...