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Reliance Retail's pvt labels revolution spooks global consumer goods makers

Reliance plans to keep expanding and promoting its private labels - even in non-food segments - via its own supermarkets and kiranas

ByteDance says its video games unit will acquire Mooton Technology

ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based Mooton Technology, as it seeks to further expand into the video games business

Food delivery firm Deliveroo eyes $12 billion market cap in upcoming IPO

Deliveroo said on Monday that its upcoming initial public offering will value the company at up to 8.8 billion pounds ($12.19 billion)

Gold prices slide as Turkey central bank upheaval buoys US dollar

Gold slipped as investors opted for safe-haven assets such as the dollar and bonds after Turkey's abrupt decision to replace central bank head with a critic of high interest rates sparked uncertainty

Tokyo prosecutors charge US men accused of aiding Ghosn escape: Report

Tokyo prosecutors have charged an American father and son accused of aiding former Nissan Motor Co Ltd Chairman Carlos Ghosn flee Japan, Kyodo News reported on Monday

Japan car makers scramble to assess impact of Renesas auto chip-plant fire

Toyota, Nissan, Honda and other Japanese automakers scrambled to assess production impact of a fire at a Renesas Electronics automotive chip plant that could aggravate global semiconductor shortage

India retail: A nearly $900 billion market dominated by mom-and-pop stores

India's retail landscape is changing, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores

CapitaLand to separate real estate development and fund management units

CapitaLand has proposed a consolidation of its investment management platform and the lodging business into an entity called CapitaLand Investment Management as part of a restructuring process.

Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

Saudi Aramco will ensure China's energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser said

China's Great Wall to launch new brand for off-road vehicles: Chairman

China's Great Wall Motor will launch a new standalone brand for its off-road vehicles, chairman Wei Jianjun said, as automakers pursue new segments when sales in world's biggest car market pick up

Oil prices decline as European coronavirus lockdowns douse recovery hopes

Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading

Australia's Crown Resorts receives $6.2 billion proposal from Blackstone

Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from US private equity giant Blackstone, sending its shares 19% higher

Investors urge Europe to prioritise climate in agriculture reform

A $2 trillion group of investors urged the European Commission to be more ambitious in planned overhaul of the bloc's huge farming subsidy programme to fight climate change and protect biodiversity

Turkish lira slums toward record low on central bank woes, yen gains

The Turkish lira slumped toward a record low versus the dollar after President Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high rates

Saudi Aramco to prioritise energy supply to China for 50 yrs, says CEO

Saudi Arabia, the world's biggest oil exporter, retained its position as China's top supplier in the first two months this year

Cathie Wood's Ark expects Tesla stock price to reach $3000 by 2025

Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published here on Friday

China's economy is continuing steady recovery this year, says vice premier

Han also said China, the world's No.2 economy, will strengthen macro policy coordination with other countries

Saudi Aramco to cut capex after 2020 profit drops 44.4% over low oil prices

Aramco declared a dividend of $75 billion for 2020 and signalled it was seeing pickup in oil demand

Saudi Aramco 2020 net profit slumps 44.4% as coronavirus bites into demand

Saudi Arabian state oil giant Aramco on Sunday reported a 44.4% drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in US