Markets

HONG KONG: A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in the UK and Europe targeting institutional clients, a statement published Wednesday showed. The new exchange will be created by a joint venture between SC Ventures, the bank's ...

Etsy Inc said on Wednesday it would acquire Depop, a privately-held fashion marketplace, for US$1.63 billion, as the online seller looks to attract Gen-Z consumers.

Toyota will demand its parts suppliers reduce carbon emissions, starting this year, the Nikkei daily reported on Wednesday.

SEOUL: Leaders of South Korea's largest conglomerates urged President Moon Jae-in on Wednesday (Jun 2) to pardon Jay Y Lee, the jailed vice chairman of Samsung Electronics, to maintain the country's edge in the chip industry. The plea was made during a luncheon between Moon and chiefs of four ......

Japan's government called for raising the country's economic growth through innovation, which it hopes will lead to a boost to real wages and the labour participation rate, an outline of this year's economic growth strategy showed on Wednesday.

SHENZHEN: Embattled Chinese tech giant Huawei will launch a homegrown new mobile operating system on Wednesday (Jun 2) as it fights for survival in the smartphone arena after the US blocked it from using Android. Huawei will unveil its first mobile devices loaded with the new Harmony OS in an...

Tesla said it expects to spend more than US$1 billion a year on battery raw materials from Australia given the country's reliable mining industry and responsible production practices.

GENEVA: The GAVI vaccine alliance is in talks with Chinese drugmaker Sinovac Biotch to expand the COVAX dose-sharing portfolio available to poor countries following the World Health Organization's approval of its COVID-19 vaccine on Tuesday, a GAVI spokesperson said. "Gavi, on behalf of the ...

With less than two months left until the start of the Tokyo Olympic Games, Japan's Asahi Breweries still doesn't know whether fans will be allowed into stadiums to buy its beer.

India's trade deficit in goods was US$6.32 billion in April, preliminary data released by the government on Wednesday showed.