Markets

Canada's biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, but taking a cautious approach to spending it that is disappointing environment-minded investors.

After a year of getting hammered by the pandemic, a semiconductor shortage and storms that snarled Dana Inc's global supply chain, the auto parts maker is reaching for a new playbook.

A new study from a U.S. industry group found that the global semiconductor supply chain has become increasingly vulnerable to natural disasters and geopolitical disruptions because suppliers have become more concentrated in distinct regions.

Credit Suisse told investors the debt in its US$7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters.

SEOUL: South Korea said on Thursday (Apr 1) it will issue so-called COVID-19 vaccine passports to immunised citizens, joining other nations introducing such certificates to revive cross-border travel while keeping infection risks under control. Prime Minister Chung Sye-kyun said a mobile app ...

Delivery app Glovo said on Thursday it had raised an additional 450 million euros (US$528 million), calling it the largest financing round secured by a Spanish start-up.

Shares in French IT consulting firm Atos fell sharply on Thursday after the company disclosed that auditors had found accounting errors at two of the firm's U.S. units.

TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) said on Thursday (Apr 1) it was planning to invest US$100 billion over the next three years to meet soaring demand as a global shortage of chips hits the auto and other industries. The announcement came after US chip titan Intel unveiled ......

THE losses that came with the blockage of the Ever Given container ship lodged along the Suez Canal is largely manageable for most insurers and reinsurers in spite of uncertainties around long-tail liability, said a Moody's Investors Service sector report on Thursday.

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.