Markets

SINGAPORE: Booking cancellations have gone up at some hotels, following the announcement last week that each room may only accommodate up to two guests amid a rise in COVID-19 cases.  Most of the hotels CNA spoke to also said they have received many queries from guests who had booked rooms...

BEIJING: Zhang Yiming, the co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in an internal memo seen by Reuters on Thursday (May 20) that he will step down as chief executive, to be succeeded by co-founder Rubo Liang. The move represents the biggest corporate ......

Oil prices fell on Thursday after a slump in the previous session, as rising U.S. stockpiles added to concerns about a hit to demand from surging coronavirus infections in Asia and possible U.S. rate hikes.

Zhang Yiming, the co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in an internal memo seen by Reuters on Thursday that he will step down as chief executive, to be succeeded by co-founder Rubo Liang.

The dollar bounced off three-month lows against European currencies on Thursday after minutes from the Federal Reserve's last policy meeting revealed there was more talk of tapering their bond purchase than investors had thought.

TOKYO :Japan's exports grew the most since 2010 in April, supported by a favourable comparison with the sharp plunge seen during the pandemic last year, while capital spending also rose, firming up expectations of a trade-led recovery.

TOKYO: After four years spent working and living alone, far from his family and friends, Tsuyoshi Tatebayashi packed his bags at the end of March and returned, at last, to his wife and two daughters. Like hundreds of thousands of other white-collar workers, the 44-year-old IT engineer had been...

CHICAGO: Wisk Aero, a flying taxi startup backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, asked a California court on Wednesday to stop the alleged use of its trade secrets by rival Archer Aviation and said it was cooperating with a criminal U.S. probe. Wisk and Archer,...

SYDNEY: Australia is looking into the cause of a hold-up of table grape exports to China, with Trade Minister Dan Tehan saying about 20 per cent of the fruit shipped to the mainland is stuck at the border in yet another sign of deteriorating relations. "We're trying to work...

Australia is looking into the cause of a hold-up of table grape exports to China, with Trade Minister Dan Tehan saying about 20per cent of the fruit shipped to the mainland is stuck at the border in yet another sign of deteriorating relations.