Markets

WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp that values the office-sharing startup at US$9 billion including debt, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Insurance companies have spent US$17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers US$15 billion in business a year, according to a Reuters analysis of campaign contributions, company financial statements and ...

SINGAPORE: Landlords and tenants of retail spaces may soon have to abide by new rules for leasing negotiations, with the Government looking to legislate a new code of conduct for the industry.   The code of conduct, announced on Friday (Mar 24) by the Singapore Business Federation (SBF), sets out ...

Germany's BASF is benefiting as people under lockdown fix up their homes but its CEO said the chemical maker may be left out of the party after the pandemic as consumers turn their spending to entertainment.

BASF, the world's largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros (US$4.7 billion) to slash greenhouse gas emissions by a quarter by 2030.

Governments around the world are subsidizing the construction of semiconductor factories as a chip shortage hobbles the auto and electronics industries and highlights the world's singular dependence on Taiwan for vital supplies.

World shares and the dollar zig-zagged higher on Friday, as hopes for economic recovery and the week’s easing of global bond market yields helped lift the mood.

Chinese electric vehicle (EV) maker Nio Inc said on Friday it would halt production for five working days at its Hefei plant, due to a shortage in semiconductor chips.

China's potential economic output is expected to grow 5per cent-5.7per cent over the next five years, according to a central bank working paper published late on Thursday.

British retail sales rose by 2.1per cent in February from January even as non-essential shops remained in a coronavirus lockdowns, official data showed on Friday.