Markets

International Business Machines Corp beat estimates for second-quarter profit on Monday and signalled that demand in its cloud computing business would get a boost as large corporations accelerate their digital shift due to the coronavirus crisis.

LONDON: Britain's finance ministry on Monday proposed giving the City's watchdog new powers to regulate crypto assets like bitcoin, and also outlined a crackdown on misleading sales literature bombarding consumers over the internet. Currently any firm authorised by the Financial Conduct Authority ...

Oil prices were little changed on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases.

Logitech International reported a more than 75per cent increase in non-GAAP operating income in its first quarter as rise in homeworking boosted demand for its webcams, video conferencing products and headsets during the coronavirus lockdowns.

TOKYO: Japan's budget for next fiscal year will not set a spending cap on requests aimed at fighting the COVID-19 pandemic, the finance minister said, suggesting the heavily indebted government would ramp up efforts to revive the coronavirus-battered economy. The government would ask ministries to ...

WASHINGTON: ABC News, a Walt Disney Co unit, has sacked senior executive Barbara Fedida after an independent investigation alleged she had made racially insensitive comments and used inappropriate language, according to a company email. Fedida also managed in a rough manner and would not return to ...

CHICAGO: Southwest Airlines told employees on Monday (Jul 20) that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. US airlines, which received a US$25 ...

The Nasdaq powered to another record on Monday (Jul 20) behind strong gains by Amazon, Microsoft and other tech giants ahead of earnings reports in the coming days.

Asian shares were set to open higher on Tuesday after U.S. markets gained ground on positive data from trials of three potential COVID-19 vaccines and hopes that the European Union would finalize a recovery fund.

WASHINGTON: The US Commerce Department on Monday (Jul 20) added to its economic blacklist 11 Chinese companies implicated in what it called human rights violations in connection with China's treatment of Uighurs in Xinjiang.  The department said the companies were involved in using forced labor by ...