Singapore/ Bloomberg China’s three biggest airlines reported soaring net profits in 2015 despite the country’s worst economic growth in a quarter of a century, as more Chinese travelled abroad. Cheaper jet fuel helped the bottom line, but losses from foreign exchange hurt as China’s yuan currency slid against the dollar, they said. “With the slowdown in world economic growth, and ...

Frankfurt / AFP German retail sales, a closely watched measure of household confidence, declined in February, as consumer morale in Europe’s top economy feels the heat from global economic risks, official data showed on Thursday. Retailers’ sales fell by 0.4 percent in February compared with January, the federal statistics office Destatis said in a statement. The previous month, retail sales ...

TOKYO / Reuters Japan plans a wave of new gas-fired power stations as the country’s electricity retail market opens up from April 1, allowing new entrants to compete for a market of 85 million customers with annual sales of about $70 billion. In the biggest shakeup in the industry’s history in Japan, regional utilities are losing their monopoly rights for ...