Markets

The US Securities and Exchange Commission's approval of capital raisings through direct listings will be seized on by some startups, yet most companies will still opt for initial public offerings (IPOs), capital market insiders say

Lockheed Martin Corp said on Monday it had missed its target to deliver 141 F-35 fighter jets to the United States and its allies in 2020, as it built 8per cent fewer jets after the coronavirus pandemic hampered its supply chain and factories.

BRUSSELS: European Union member states gave political backing to Brussels' planned investment pact with China on Monday (Dec 28), clearing the way for a deal between the world's biggest economic blocs. At a meeting of ambassadors, the German EU presidency noted no member had "raised a stop sign ...

The U.S. Securities and Exchange Commission's approval of capital raisings through direct listings will be seized on by some startups, yet most companies will still opt for initial public offerings (IPOs), capital market insiders say.

Wall Street's main indexes hit record highs in early trading on Monday as President Donald Trump's signing of a long-awaited US$2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks.

The U.S. Environmental Protection Agency (EPA) on Monday will finalize the first-ever proposed standards regulating greenhouse gas emissions from airplanes, a spokeswoman told Reuters.

MOSCOW: Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles (US$49 billion) this year, the country's largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to try to crack down on the shadow economy, but the...

Tesla Inc will come to India early next year, country's transport minister Nitin Gadkari told national daily the Indian Express on Monday.

2021 could be a do-or-die year for Europe's efforts to catch up with China and the United States in rolling out super-fast fifth-generation (5G) telecoms networks.

MANILA: Philippines President Rodrigo Duterte signed on Monday (Dec 28) a 4.5 trillion pesos (US$93.7 billion) budget for next year, the country's largest yet, to bankroll economic recovery and fund the purchase of millions of doses of COVID-19 vaccines. The approval of the national budget, a ...