Markets

Transatlantic exchange operator Nasdaq Inc reported a 23per cent rise in adjusted quarterly profit on Wednesday, benefiting from the coronavirus-fueled market volatility that led to a surge in trading volumes in March.

DUBAI: Iran's Revolutionary Guards Corps said on Wednesday it had successfully launched the country's first military satellite into orbit, at a time of heightened tensions with the United States over Tehran's nuclear and missile programmes. U.S. officials have said they fear long-range ballistic ...

SINGAPORE: Singapore's largest supermarket chain will roll out an initiative called FairPrice on Wheels, to allow residents in selected areas to buy groceries without venturing too far from home during the extended COVID-19 "circuit-breaker" period. From Thursday (Apr 23), a FairPrice van will ...

EU antitrust regulators have resumed their investigation into Boeing's bid to buy the jetmaking arm of Embraer , with a decision due by Aug. 7, a European Commission filing showed on Wednesday.

SINGAPORE: Cabbies with ComfortDelGro will get another month of full taxi rental waivers, in line with the Government's extension of the COVID-19 "circuit breaker" period. The rental waiver will be extended to Jun 1, said the company in a media release on Wednesday (Apr 22). ComfortDelGro had ...

Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25per cent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.

HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed. Chief executive Gary Liu said in the letter ......

STOCKHOLM: Sweden's Investor AB raised its holding in robotics firm ABB, telecom equipment maker Ericsson and commercial kitchen equipment firm Electrolux Professional during the first quarter, it said in its quarterly earnings report on Wednesday. The investment firm said it invested 1.6 billion ...

Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply and plummeting demand due to the coronavirus crisis.

Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20per cent and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.