Credit card issuer American Express Co reported a nearly 40per cent slump in quarterly profit on Friday, hurt by lower spending by its users, while it also set aside US$665 million for potential defaults.
Shares of Gilead Sciences Inc rose 6per cent on Friday after its antiviral drug, remdesivir, became the first and only approved treatment for COVID-19 in the United States.
TOKYO: Japan's government upgraded its view on consumption in a monthly report in October on stronger demand for electronics and higher travel spending, while cautioning broader economic conditions remained severe due to the coronavirus pandemic. Authorities left unchanged their assessment that ...
With earnings season in full swing, more companies are again offering earnings guidance, signaling to investors that some corporations are adapting to uncertainty about a global pandemic that may extend deep into next year.
Strong demand for luxury cars in China in the third quarter helped turn around margins at Daimler's Mercedes-Benz cars division despite an overall fall in deliveries due to the COVID-19 pandemic, the carmaker said on Friday.
SINGAPORE: Core consumer prices in Singapore continued to decline in September, albeit at a slower rate, data from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) showed on Friday (Oct 23). Core inflation was -0.1 per cent in September, compared with -0.3 per ......
KUALA LUMPUR: Malaysia's biggest palm oil producing state Sabah could see crude palm oil production fall by as much as 300,000 tonnes a month after imposing new coronavirus restrictions in the high crop season, the Malaysian Estate Owners' Association (MEOA) told Reuters on Friday (Oct 23). Sabah ...
A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber Technologies Inc and Lyft Inc , saying they must reclassify their drivers in the state as employees.
Japan, Britain sign free trade deal for post-Brexit era
SHANGHAI: Two of Apple's latest iPhone 12 models went on sale in China on Friday (Oct 23), after early pre-order data showed strong consumer interest in the 5G-enabled device in the firm's second-largest market. The short queues outside Apple stores in the business hub of Shanghai struck a ......
