Markets

Smartphone shipments in China plunged 35per cent in July compared with a year earlier, government data released on Tuesday shows.

SINGAPORE: Singapore state investment firm Temasek has joined hands with the impact investment arm of German pharmaceutical and chemical maker Bayer to form a company that aims to develop new varieties of vegetable seeds better suited for indoor vertical farms. The new company, Unfold, will be ...

LONDON: Britain's economy shrank by a record 20.4 per cent between April and June when the coronavirus lockdown was tightest, official figures published on Wednesday (Aug 12) showed. It was the largest contraction reported by any major economy so far, and a wave of job losses is set to hit...

Skechers has opened a new flagship store in Paris, on the city's well-known Rue de Rivoli, near the Louvre and other major tourist sites, the U.S. trainers and shoes company said on Wednesday.

SINGAPORE'S financial sector has created 22,000 net jobs between 2015 and 2019, and of these, three out of four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on Wednesday.

Asian stocks slipped on Wednesday on growing uncertainty over whether U.S. lawmakers would strike an agreement on an additional round of big fiscal stimulus to support an economy still struggling with the coronavirus pandemic.

Chinese tech giant Tencent Holding is making forays into fund advisory services, vying for a share of the potentially lucrative market with rival Alibaba Group Holding Ltd , which entered the business just months ago.

SINGAPORE: A joint venture by Korean automaker Hyundai and self-driving technology firm Aptiv is continuing to hire despite the COVID-19 downturn, and aims to add at least 30 more people to its headcount by the end of the year.  On Tuesday (Aug 11), Hyundai and Aptiv announced that their...

HONG KONG: Troubled Hong Kong carrier Cathay Pacific said it lost HK$9.9 billion (US$1.27 billion) in the first half of this year, making it the latest major airline to reveal how badly the COVID-19 pandemic has eviscerated its business. "The first six months of 2020 were the most challenging...

HSBC Private Banking on Wednesday said it has appointed Ken Ng as its Singapore market head, and Gary Goh as its market head for Malaysia.