Markets

LONDON: Chinese-backed Imagination Technologies is at least three years away from a flotation because the chip designer's finances are so poor, but an eventual listing in Shanghai is a top option, a source with knowledge of the plans told Reuters. Imagination Technologies became the focus of a ...

Investors already know how the coronavirus outbreak has hurt Ford Motor Co's bottom line, so when the automaker releases first-quarter results on Tuesday they will focus on how and when Ford plans to restart North American operations.

The U.S. goods trade deficit widened in March amid a collapse in exports of motor vehicles and parts, but overall imports continued to decline likely as the novel coronavirus outbreak disrupted the flow of goods.

The U.S. Treasury Department will audit every loan for more than US$2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus fallout, Treasury Secretary Steven Mnuchin said on Tuesday.

REUTERS: Global payment service provider Checkout.com said on Tuesday it would join Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra. "The Libra project holds the promise of increasing financial inclusion for billions of unbanked people", the ...

SINGAPORE: Supermarket chain Sheng Siong on Tuesday (Apr 28) reported a near 50 per cent rise in first quarter profits following “elevated demand” that was triggered when the Government raised the DORSCON level to Orange on Feb 7. In recognition of their efforts, Sheng Siong will give an ...

REUTERS: Mobile game maker Scopely said on Tuesday it acquired the co-creator of its popular word game "Scrabble Go", in a bid to expand its games portfolio that includes titles like "Looney Tunes World of Mayhem" and "The Walking Dead: Road To Survival". Financial terms of the acquisition of...

Xerox Holdings Corp pulled its 2020 revenue and profit forecasts on Tuesday, citing economic uncertainties from the coronavirus outbreak, which had resulted in the cancellation of its US$35 billion takeover campaign for HP Inc .

Merck & Co Inc on Tuesday posted a 10.4per cent rise in first-quarter profit, helped by strong sales of cancer therapy Keytruda, but the drugmaker lowered its 2020 profit forecast due to uncertainty from the COVID-19 pandemic.

REUTERS: U.S. stock index futures climbed higher on Tuesday ahead of the next round of quarterly earnings reports, with investors also keenly looking at the safety of reopening economies hit hard by the coronavirus-induced shutdowns. Wall Street kicked off the week on a strong note Monday as ...