Markets

Latin America's recovery from the pandemic crisis is lagging the rest of the world and the economy will not return to its pre-pandemic level until 2024, the IMF warned Thursday.

Medical device maker Thermo Fisher Scientific said on Thursday (Apr 15) it would acquire contract researcher PPD for US$17.4 billion as it looks to add more muscle to its pharmaceutical services business.

European Union Parliament committees overwhelmingly backed the new trade deal between the 27-nation bloc and former member Britain on Thursday (Apr 15), pushing it onward to the full legislature for a final vote expected later this month.

UnitedHealth's first-quarter profit jumped about 44 per cent, and the nation's largest health insurer also hiked its 2021 outlook despite expecting more hits from the COVID-19 pandemic.

Daimler AG on Thursday (Apr 15) unveiled a battery-powered counterpart to its top Mercedes-Benz luxury sedan as German carmakers ramp up their challenge to electric upstart Tesla.

NEW YORK: Citigroup announced on Thursday (Apr 15) it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small. Citigroup will focus its global consumer banking business on four markets: Singapore, Hong ...

LONDON: London-headquartered HSBC bank is relocating four senior executives to Hong Kong as it seeks to extend its business reach across its main market Asia. In a staff memo seen by AFP on Thursday (Apr 15), HSBC fleshed out a strategy unveiled in February that aims to redouble efforts to seize...

SHANGHAI: The Shanghai Half Marathon, scheduled for Sunday (Apr 18), has scrapped plans to provide runners with Adidas-branded T-shirts, according to messages sent to participants, as the German firm remains under pressure in China over comments it made on cotton from the country's western Xinjiang ...

SINGAPORE: Singapore Airlines (SIA) Group reported a decline in overall passenger carriage for March by 90.2 per cent year-on-year, as border controls and travel restrictions continue worldwide. "Although many key markets have started the mass roll-out of COVID-19 vaccinations, the recovery in ...

SINGAPORE: BHP Group said on Thursday (Apr 15) it completed its first refuelling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions. It was also the first time that a ship has been refuelled with biofuel in Singapore,...