COMMENTARY

One big tobacco deal is enough

SOMETHING must be done. That's often the response to a big deal like the planned US$200 billion union between cigarette makers Philip Morris International Inc and Altria Group Inc. For the duo's competitors overseas, the temptation will be to indulge in some copycat dealmaking. In reality,...

NEWS ANALYSIS

A luxury companies cannot afford in Brexit Britain

IT's an ominous sign for investors. The first working day of 2019 was marked by a British commercial property company pausing its buyback programme....