Markets

TOKYO: Japanese financial firms had more than 2,600 trillion yen (US$24 trillion) worth of contracts based on the soon-to-be-obsolete Libor benchmark at the end of 2020, a regulatory survey shows, amid fears they could struggle to ditch the rate by the deadline. Libor, or the London Interbank ...

Chinese financial industry bodies said on Tuesday that financial and payment institutions must not conduct cryptocurrency-related businesses.

China's Baidu Inc reported a 25per cent rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms.

Toyota Motor Corp will halt its production operations at the Iwate and Miyagi plants in June due to chip shortage, the automaker said on Tuesday.

World stocks pushed higher on Tuesday and the dollar dipped to near three-month lows as bets that U.S. interest rates would remain low helped investors look past any short-term damage stemming from increased COVID-19 infections in Asia.

HANOI: Vietnam's northern province of Bac Giang ordered on Tuesday four industrial parks, including three that house production facilities of Taiwan's Foxconn, to temporarily shut down due to an outbreak of COVID-19. The industrial parks will be closed until further notice, the province's ...

TOKYO: The Japanese government said on Tuesday it will allocate up to 370 billion yen (US$3.4 billion) from its green innovation fund for two projects to accelerate research and development (R&D) and promotion of hydrogen use over the next 10 years. Japan unveiled an ambitious goal in December ......

SINGAPORE firms may soon look to trade carbon credits as a means to commit to greening their businesses.

Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, calling instead for a large expansion of renewable energy technologies.

China's Baidu Inc reported a 25per cent rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms.