Markets

A recent fire at a Japanese semiconductor factory and severe weather in parts of the United States in February have exacerbated an ongoing chip shortage plaguing the global auto industry, data firm IHS Markit said on Wednesday.

The U.S. National Highway Traffic Safety Administration said owners of about 10,000 new General Motors vans should park outside because of fire risks pending recall repairs.

:Delta Air Lines said on Wednesday it will stop blocking middle seats as of May 1, a move that will allow it to start selling more tickets on each flight at a time when travel demand is picking up as more Americans receive COVID-19 vaccines.

U.S. Treasury Secretary Janet Yellen is facing pressure from Democrats to revive tougher scrutiny of hedge funds and other large pools of capital as she heads her first meeting of the premier grouping of U.S. financial regulators on Wednesday.

SINGAPORE: Transport operator ComfortDelGro has partnered French energy company Engie to jointly bid for a tender to install and operate electric vehicle charging points at public car parks. The two companies will also “explore and deploy clean energy solutions together”, they said in a joint ...

Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective US$9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of U.S.-based hedge fund Archegos Capital.

Apple Inc said Wednesday that it will build a battery-based renewable energy storage facility in Central California near a solar energy installation that already provides energy for all of its facilities in the state.

Shares in Polish video games maker CD Projekt dropped almost 15per cent to a two-year low on Wednesday after a strategy update aimed at rebuilding investor confidence after a bug-ridden game launch last year backfired.

SINGAPORE: Singapore Exchange (SGX) is proposing introducing regulations to allow the listing of Special Purpose Acquisition Companies (SPACs) or blank cheque firms that have taken US markets by storm. "The feedback we have been receiving is that an Asian SPAC would be interesting because Asia is ...

Saudi Aramco said on Wednesday the government had no plans to impose private partnerships on the oil giant, after it launched a programme to support private investment in the kingdom as part of Saudi Arabia's diversification push.