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Markets

Analysis: Sheen comes off green in crowded climate investment space

The booming market in green finance faces a test this year as more investors balk at lofty share price tags even on loss-making companies and a gradual economic recovery from the pandemic boosts returns on conventional energy assets.

Markets

Amazon starts offering healthcare service to other employers

Amazon.com Inc is expanding its virtual healthcare service to other Washington-state employers starting Wednesday and to its own employees nationwide this summer, the company said in a press release.

Markets

Battling for batteries: Two Korean companies court Washington

When U.S. President Joe Biden flies to Georgia Friday, he will land in the middle of an increasingly politicized battle between two South Korean electric vehicle battery makers and the state and federal politicians who want to prevent their feud from costing American jobs.

Markets

Uber under pressure on UK minimum wage in test of gig economy

Uber drivers in Britain should receive the minimum wage for the whole time they are logged on to the app, two former drivers said on Wednesday after winning a court battle which could reshape the gig economy.

Markets

Malaysian court grants AirAsia X restraining order against potential legal action

KUALA LUMPUR: The Malaysian High Court on Wednesday granted budget airline AirAsia X Bhd a three-month restraining order against any legal proceedings that may be filed against it, which could have slowed down its debt restructuring process. "The restraining order allows the creditors an ...

Markets

Fed faces ‘balancing act’ between inflation, faster growth

The Federal Reserve has made it clear it is too soon to think about pulling back on stimulus for the pandemic-battered economy, but finds itself stuck between an improving outlook and inflation fears.

Markets

TikTok considers introducing group chat feature this year: Sources

Video-sharing platform TikTok may launch a group messaging feature this year, people with knowledge of the discussions told Reuters, putting the Chinese-owned app in more direct competition with social media rivals such as Facebook.

Markets

Vodafone seen reaping 2.13 billion euros from Frankfurt IPO: bookrunners

Vodafone is expected to price shares in infrastructure unit Vantage Towers at 24 euros (US$28.60) each, valuing the firm at 12 billion euros in one of Europe's largest initial public offerings of 2021, bookrunners on the deal said on Wednesday.

Markets

BMW expects at least half of sales to be electric cars by 2030

BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving.

Markets

Futures muted as Fed takes center stage

Futures tied to the S&P 500 and the Dow were subdued on Wednesday as investors held their breath ahead of the Federal Reserve's policy statement which could provide hints on whether the central bank would be forced to raise interest rates sooner than expected.

Markets

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