Retail in Asia

BMW 3Q profit up 21pc on Chinese growth

German carmaker BMW has said its pretax profit jumped in the third quarter.
Third-quarter profits rose 21 percent from last year to EUR1.6 billion (USD2.3b), higher than analysts had expected.
BMW sol…

World food prices dive to record low

World food prices fell the most in 19 months last month as grain, dairy and cooking oils slumped on speculation food demand will be reduced by the economic slowdown.
An index of 55 food commodities fe…

Groupon prices IPO at USD20 per share

US daily deals pioneer Groupon has priced its initial public offering at USD20 per share.
That’s above its expected range of USD16 to USD18, indicating investors are excited to snap up the compa…