Hong Kong airport targets raising US$4 billion in bond deal – sources
HONG KONG : Hong Kong's Airport Authority is aiming to raise up to US$4 billion in a multi-tranche dollar bond offering, according to two sources...
Indonesia will sell octane-88 gasoline only in remote areas
JAKARTA : Indonesia will continue to sell octane-88 gasoline in remote areas but the dirty fuel will not be available in urban parts of Java...
Record cargo shipped through Egypt’s Suez Canal in 2021
CAIRO: Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo...
Sovereign wealth and public pension fund assets hit record US$31.9 trillion: Report
LONDON: Assets held by the world's sovereign wealth and public pension funds rose to a record US$31.9 trillion in 2021 thanks to rising US stock...
Pakistan annual inflation rose to 12.3per cent in December
KARACHI: Pakistan’s consumer price index rose 12.3 per cent in December from a year earlier, according to the country’s official statistics bureau. Edible items were...
US officials ask AT&T, Verizon to delay 5G wireless over aviation safety concerns
WASHINGTON: U.S. Transportation Secretary Pete Buttigieg and the head of the Federal Aviation Administration (FAA) on Friday asked AT&T and Verizon Communications to delay the...
Philippine Airlines exits US bankruptcy
MANILA: Philippine Airlines has said it has emerged from bankruptcy after a US court approved its plan to slash up to US$2 billion in debt...
Santander’s UK bank hands out US$175 million in Christmas Day error
LONDON: Santander's UK bank on Thursday (Dec 30) was seeking to recover £130 million (US$175 million) it paid out on Christmas Day by mistake. Due...
Hong Kong ban on ivory sales comes into force
HONG KONG: A ban on selling most ivory products in Hong Kong came into effect on Friday (Dec 31), the culmination of a three-year process...
China graft agency warns Walmart and Sam’s Club over Xinjiang products
BEIJING: China's anti-graft agency on Friday accused U.S. retail giant Walmart Inc and its Sam's Club chain of "stupidity and shorted-sightedness" after social media users...