AFP Asia Business

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).With around 85,000 outlets, 7-Eleven is the world’s biggest convenience chain. If realised, Couche-Tard’s seven trillion yen ($45 billion) takeover would be the largest foreign buyout of a Japanese firm.Bloomberg …

7-Eleven owner announces counter-bid to foreign buyout Read More »

Airlines in Australia, Hong Kong, India, Malaysia and Singapore cancelled flights to and from the Indonesian resort island of Bali on Wednesday, after a nearby volcano catapulted an ash tower miles into the sky.Australia’s Jetstar, Qantas and Virgin Australia all grounded flights after Mount Lewotobi Laki-Laki on Flores island spewed a nine-kilometre (5.6-mile) tower a …

Airlines around Asia ground Bali flights after volcano erupts Read More »

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump’s presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.The prospect of prices spiking again on the back of tax cuts, import tariffs, and an easing of regulations gave fresh impetus to the dollar, …

Asian markets extend losses as Trump fears build Read More »

Several Australian airlines on Wednesday cancelled their flights to and from the Indonesian resort island of Bali, after a nearby volcano catapulted an ash tower miles into the sky.Jetstar, Qantas and Virgin Australia all issued advisories announcing changes to their flight schedules after Mount Lewotobi Laki-Laki on Flores island spewed a nine-kilometre (5.6-mile) tower a …

Australian airlines cancel Bali flights after volcano erupts Read More »