Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country’s biggest-ever initial public offering, with shares down nearly five percent from their issue price in early trade.A booming stock market in the world’s fifth-largest economy has stoked an IPO frenzy over the last two years, with start-ups and …
Hyundai Motor India shares dip on debut after record IPO Read More »
China’s central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world’s second-largest economy.The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes …
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Australian mining giant BHP goes on trial on Monday over one of Brazil’s worst environmental disasters, potentially triggering billions of dollars in compensation to be shared among hundreds of thousands of plaintiffs.The High Court in London will examine over several months whether BHP was partly liable for the 2015 collapse of a dam at a mining …
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More than 90 fake bomb threats have been made against flights operated by multiple Indian airlines this week, Indian media reported Sunday, sparking fear among passengers and global delays.All flights landed safely, but the spate of threats has resulted in planes being diverted to Canada and Germany, and fighter jets scrambled to escort aircraft in …
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Droves of braying donkeys were once the backbone of Pakistan’s commercial hub Karachi, but growing upkeep costs and the surging sprawl of the city are putting them out to pasture.Jittering donkey carts have long been essential for aftermarket transport from southern Karachi’s wholesale bazaars, nested in narrow streets preventing regular vehicles from accessing their trove …
Modern pressures burden Pakistan’s donkey business Read More »
Fujio Uemura has to rest after driving fish all night to Tokyo, under new rules that trucking firms and experts say are crippling Japan’s logistics sector and risk pushing up prices for consumers.The regulations are aimed at easing the stress of the badly paid hard slog of trucking, and making it more attractive to young …
New rules drive Japanese trucking sector to the brink Read More »
