Toys`R`Us collapse to hit Hasbro holiday sales

The bankruptcy of Toys'R'Us weakened Hasbro Inc's forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer.

The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys'R'Us, which left Hasbro exposed to the tune of $60 m

As scandal widens, Japan`s Kobe Steel faces key debt test

By Sumeet Chatterjee and Umesh Desai

HONG KONG  - As Kobe Steel Ltd  becomes increasingly embroiled in a data falsification scandal, concerns are growing about its outstanding liabilities despite the Japanese company's sizable cash reserves.

Japan's third-biggest steelmaker, which posted losses in the last two years, admitted this month it

Trump says will decide on Federal Reserve chair `very shortly`

WASHINGTON - U.S. President Donald Trump said he would make his choice to lead the Federal Reserve soon and was still weighing at least three people: Federal Reserve Governor Jerome Powell, Stanford University economist John Taylor and current Federal Reserve Chair Janet Yellen.

"I will make my decision very shortly, pretty shortly," he told Fox Business Net

Saudi Prince Alwaleed bin Talal: very happy with Citi investment - CNBC

DUBAI - Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, said he was very happy with his company's investment in Citigroup.

"The environment right now for the banking industry is very favourable," he said in an interview with CNBC aired on Monday.

"I am really happy with the investment in Citibank, because really

Singapore to halt car population growth from next year

SINGAPORE - Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state's land scarcity and billions of dollars in planned public transport investments.

The Land Transport Authority (LTA) said it was cutting the permissible vehicle growth rate in the city-state

Once derided as leeches, private firms see new hope in Belarus

By Matthias Williams and Andrei Makhovsky

MINSK - Belarus's reputation as a hard place for private entrepreneurs to succeed is starting to fade as the Soviet-style economy frays and the president who once denounced them as "leeches" tries to woo them.

The former Soviet republic, squeezed between Russia and the European Union, is still dominated

Solar costs to fall further, powering global demand - Irena

By Florence Tan

SINGAPORE  - Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International Renewable Energy Agency (Irena) said on Monday.

Solar power is in the midst of boom because of sharp drops in costs and efficiency improvements, pushing global capacity from vir

Tesla to open manufacturing plant in China

 Electric car maker Tesla has struck a deal with the Chinese government to establish a manufacturing facility in Shanghai, a media report said.

The production options for manufacturers in China are limited by the government.

One option is to set up a joint venture, sharing much of their technology and profits with a Chinese partner while other is to manufacture in a fre

Global Markets - Victory for Abenomics lifts world stocks, dollar

By Georgina Prodhan

LONDON  - Japanese Prime Minister Shinzo Abe's election victory lifted world stocks and the dollar on Monday, relegating concerns about Spain's escalating political crisis to little more than a blip on the market radar.

Abe's emphatic win, which heralds a continuation of Japan's hyper-easy monetary policy, kept risk-o

UK insurers review premiums on high-rises after Grenfell fire

By Carolyn Cohn

LONDON - Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year.

Inquiries into the tragedy, which killed up to 80 people in the 24-storey social housing block in June, are expected to take

Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss

By Anshuman Daga

SINGAPORE  - Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter.

Monday's move came after Reuters reported late on Friday that Vitol, the world's largest oil trader, w

No future(s): Asian financial coal trading dries up as Noble declines, Glencore rules

By Henning Gloystein and Vera Eckert

SINGAPORE/FRANKFURT - Financial trading of thermal coal has virtually ceased in Asia as a result of the woes at one major trading house and the growing dominance of another, despite the region being by far the world's biggest consumer of the fuel.

Asia gobbles up some 70 percent of all coal used for power generation,

China`s home price growth steadies in September as speculative curbs weigh

By Yawen Chen and Ryan Woo

BEIJING - China's new home prices registered a second straight month of weak growth in September, with prices in the biggest markets slipping and gains in smaller cities slowing as government measures to cool a long property boom took hold.

China's housing market has been on a near two-year tear, giving the economy a major

Now talk nice: EU script to help May settle Brexit bill

By Alastair Macdonald

BRUSSELS  - Diplomatic theatrics at last week's Brussels summit revealed how European Union leaders will coax British Prime Minister Theresa May over the next two months into parting with tens of billions of euros in return for a post-Brexit trade deal.

May gave away nothing hardliners in her Conservative cabinet can beat her w

Big money stays away from booming bitcoin

By Jemima Kelly and Maiya Keidan

LONDON - Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion.

Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taki

JPMorgan reaches beyond its branches with new mobile account app

By David Henry

NEW YORK  - In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices.

The app, named Finn by Chase, allows people to use a phone to open a bank account, make deposits, issu

Analysis: Women the mystery ingredient in Australia`s jobs feast

By Swati Pandey and Wayne Cole

SYDNEY  - Women coming into Australia's workforce provide the answer to an economic puzzle that analysts and policymakers alike have been struggling to solve this year.

While the country's employment has been surging beyond all expectations, the jobless rate hardly budged.

The explanation seems to be that

Insight: China`s recyclers eye looming electric vehicle battery mountain

By David Stanway

SHANGHAI - After years of dismantling discarded televisions and laptops, a Shanghai recycling plant is readying itself for a new wave of waste: piles of exhausted batteries from the surge of electric vehicles hitting China's streets.

The plant has secured licences and is undergoing upgrades to handle a fast-growing mountain of battery wa

Consumer goods firms harness online data to tap SE Asia e-commerce boom

By Aradhana Aravindan and Chayut Setboonsarng

SINGAPORE/BANGKOK  - When diaper maker DSG International (Thailand) wants to know what its customers are thinking, it often turns to Lazada, an e-commerce firm majority-owned by Alibaba Group Holding.

"From (their) data, we know mothers sometimes browse at night, so we can offer flash sales when we know

Japan shares at two-decade top, yen near three-month low as Abe wins

By Wayne Cole

SYDNEY - Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more policy stimulus, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the region.

The U.S. dollar was the major beneficiary as President Donald Trump and Repu

China regulator fines hospital owner 100 million yuan for insider trading

BEIJING - China's securities regulator has imposed a fine of more than 100 million yuan ($15.11 million) on the owner of a hospital for insider trading, and confiscated a further 34 million yuan of his illegal gains.

Liu Yuejun, the actual controller of the Red Cross Hospital in southwest China's Sichuan Province, had bought shares in Shenzhen-listed Hangkeng

Toyota to halt operations at all Japan plants as typhoon precaution

TOKYO - Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries, from Monday morning as a precautionary measure as a powerful typhoon approaches Japan's mainland, a spokesman said.

Tens of thousands across Japan were advised to evacuate, hundreds of flights were cancelled and rail services disrupted on

Saudi`s Almarai third-quarter profit flat, warns of adverse market conditions

DUBAI - Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a flat third-quarter net profit on Sunday, and warned it remained cautious on the year due to adverse market conditions.

Almarai made a profit of 667 million riyals ($178 million) in the three months to Sept. 20, compared to a revised quarterly profit of 664.3 million riyals in the year

China says jobless rate lowest in years, but challenges persist

BEIJING  - China's unemployment rate has hit its lowest rate in multiple years at 3.95 percent by the end of September, but employment and social security still face challenges as the economy pushes ahead with structural reforms.

The ministry of human resources and social security said in a statement on Sunday that 10.97 million new jobs had been created in C

Consumer Reports says Tesla misunderstands `positive` Model 3 rating

DETROIT - Consumer Reports said on Friday that Tesla Inc  had apparently misunderstood the "average" reliability rating the magazine assigned to the electric carmaker's Model 3 sedan this week, calling it generally "positive" for an all-new vehicle.

Tesla criticised the rating on Thursday, saying "it's important to note that Consu