Thursday, November 26, 2015
Developing countries could face a bill of US$790 billion (741 billion euros) per year by 2050 for adapting to climate change, anti-poverty agency Oxfam said Wednesday.
Singapore lowered its growth forecast for 2015 because of weakness in manufacturing and said gains will continue to be modest next year even as the global economy improves.
Shareholders have foiled Hong Kong tycoon Li Ka-shing's US$12.4 billion proposal to combine his infrastructure and utility companies, dealing a setback to the billionaire known as "Superman" for his business acumen.
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
Toyota Motor Corp. is recalling 1.6 million vehicles for defective air bags supplied by embattled Japanese manufacturer Takata Corp.
Employees at crisis-hit Takata, which was fined earlier this month in the United States for providing inaccurate information on airbag safety devices, warned of evasive practices as early as 2000, the Wall Street Journal reported.
Hewlett-Packard went out with a whimper Tuesday, as the venerable computer-maker issued its final quarterly earnings report as a unified tech conglomerate, showing another drop in sales for most of its business divisions.
Asian stock markets retreated Wednesday, with airlines taking a hit as dealers fret over increased geopolitical tensions following the downing of a Russian jet by Turkey.
The yen and euro got a boost Wednesday as the Turkish downing of a Russian fighter jet sent investors into safer assets on fears about the broader implications of the incident.
Oil prices turned higher in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.