Markets

Oil prices fell more than 2per cent and were on track for a third day of losses on Thursday after diplomats said progress was made toward a deal to lift sanctions on Iran, which could boost crude supply.

Snap Inc, owner of photo messaging app Snapchat, announced Thursday it will launch a new standalone app later this year called Story Studio, with video editing tools to help users make professional-level content for mobile.

The Biden administration's tax enforcement proposal unveiled on Thursday includes a proposed requirement that cryptocurrency transfers over US$10,000 be reported to the Internal Revenue Service.

This week's cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.

NEW YORK: Google announced plans on Thursday (May 20) for its first-ever physical retail store, set to open in New York this year, as the tech giant moves increasingly into gadgetry in competition with Apple The retail outlet will open this summer in the Chelsea neighborhood, where Google has a...

Online brokerage Robinhood on Thursday said it is starting to roll out a platform that will allow users of its trading app to buy into initial public offerings alongside Wall Street funds, a step in its quest to "democratize" finance.

Twitter users can once again apply to be verified after a years-long freeze on public submissions for the site's blue check marks, though the company said only "notable" users would be awarded the badge. The social media company paused public submissions for these badges in 2017 amid criticism ......

Microsoft Corp is pulling the plug on its once omnipresent browser, Internet Explorer, next year as it prepares to battle market leader Chrome with its slicker Edge browser.

NEW DELHI/BENGALURU: India's Hindustan Petroleum Corp.'s Mumbai refinery will start full scale operation at a higher capacity of 190,000 barrels per day (bpd) by end-June or in July, its chairman M. K. Surana said on Thursday. HPCL had fully shut the 150,000 bpd Mumbai refinery in western ...

MUMBAI: Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India's top crime ...