Markets

SINGAPORE: About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters. Accounting firm Grant Thornton, court-appointed ......

WASHINGTON: An American father and son were handed to Japanese officials on Monday (Mar 1), their lawyer said, after losing an extradition battle over accusations they helped former Renault-Nissan boss Carlos Ghosn to flee Japan. Michael Taylor and his son Peter Taylor were arrested in May after ...

Shares in video game retailer GameStop were up 21.2 per cent as volume spiked late in Monday's session putting pressure on short sellers to cover their bets as investors discussed the so-called Reddit darling stock on social media.

Texas energy companies failed to pay another US$345 million for electricity and other services incurred during last month's cold snap, the operator of the state's grid said on Monday.

Real estate brokerage firm Compass Inc, backed by SoftBank Group Corp, on Monday made its filing for an initial public offering public and revealed a 56per cent surge in revenue helped by a strong housing market.

Nike Inc on Monday announced the departure of North American business general manager Ann Hebert, days after a report that her son used a credit card in her name to purchase sneakers for his resale company.

Zoom Video Communications Inc reported better-than-expected quarterly revenue on Monday, helped by increased users on its video-conferencing platform for remote work and online learning against the backdrop of broader stay-at-home orders.

A manager at Amazon.com Inc sued the online retailer for discrimination on Monday, saying it hires Black people for lower positions and promotes them more slowly than white workers, and that she was subjected to harassment.

Bitcoin rose 8 per cent to US$48,861.48 on Monday, adding US$3,620.52 to its previous close.

The Massachusetts financial professional who gained notoriety as GameStop bull "Roaring Kitty" is no longer a broker registered with the Financial Industry Regulatory Authority, according to the organization's online records.