Markets

REUTERS: The average bonus paid to employees in New York City's securities industry in 2020 rose by 10per cent to US$184,000, a top New York state financial regulator said in a statement on Friday. "Wall Street's near-record year shattered all expectations," New York State Comptroller Thomas ...

New York-based Chainalysis, a startup that allows companies and government agencies to analyse and investigate blockchain transactions, said on Friday it had raised US$100 million from investors at a valuation of more than US$2 billion.

LONDON: Russia poses the most acute immediate threat to the United Kingdom in cyberspace while China's ambition to be dominant in a host of new technologies will transform the 21st Century world we live in, the head of Britain's cyber security centre said. "In cyber - like in other...

A South Korean independent panel created to review prosecution probes has decided to recommend that prosecutors cease investigating Samsung Electronics vice chairman Jay Y. Lee over an allegation of unlawful use of a prescription sedative, a prosecution official said on Friday.

U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well.

NEW YORK: WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition, in a deal that values it at US$9 billion, the office-sharing startup said on Friday (Mar 26). It marks a steep drop from the US$47 billion that WeWork was valued for a listing...

BEIJING: China said on Friday (Mar 26) it would hike duties on Australian wine imports for up to five years, as relations sour between Beijing and Canberra. The levies range from 116.2 per cent to 218.4 per cent, China's commerce ministry said in a statement, adding they will take effect...

China's top ride-hailing app Didi Chuxing has dropped H&M from its listings, joining a backlash over comments made by the Swedish fashion retailer last year about labour conditions in Xinjiang province.

FUKUSHIMA, Japan: When Olympic torch runners came to Fukushima city on Friday (Mar 26), Masahiro Abiko went out to cheer them with his employees, hoping the Games will reinvigorate his coronavirus-battered business making flags and festival attire. "Ever since the onset of the coronavirus pandemic ...

U.S. stock index futures edged higher on Friday as investors bought undervalued energy and bank stocks betting on what is expected to be the fastest economic growth since 1984, while awaiting inflation data later in the day.