Markets

Tesla Inc Chief Executive Officer Elon Musk finally made good on his promise to sell "Tesla Tequila" - two years after teasing the effort in a tweet, and the US$250 bottle quickly flew off the virtual shelf.

Profits tumbled at Richemont during the first half of its non-standard financial year, the Swiss luxury giant said Friday, as pandemic gloom in Europe outweighed booming Chinese sales.

KUALA LUMPUR: 1Malaysia Development Berhad (1MDB), the state fund at the centre of a massive corruption scandal, still had an estimated RM32.3 billion (US$7.8 billion) in outstanding debt as of September, the government said on Friday (Nov 6). Set up in 2009 by former prime minister Najib Razak ...

Huawei has appealed Sweden's decision to exclude the Chinese telecom equipment maker from being a supplier in the roll-out of 5G networks in the Nordic country, the Swedish telecoms regulator PTS said on Friday.

The huge win suggested for Joe Biden did not materialise. Perhaps we shouldn’t expect certainty from polls, says the Financial Times' Tim Harford.

KUALA LUMPUR: Malaysia’s economy is projected to rebound with a growth between 6.5 per cent and 7.5 per cent next year, said the government on Friday (Nov 6) as it unveiled an expansionary budget geared towards a recovery from COVID-19. The government led by Prime Minister Muhyiddin Yassin ......

Japan automaker Honda reports profit rise despite pandemic

Danish diabetes drug maker Novo Nordisk will acquire U.S. Emisphere Technologies, which specialises in developing orally administered versions of drugs, in a deal totalling US$1.8 billion, it said on Friday.

SINGAPORE'S life insurance industry saw new business, in terms of total weighted premiums, rise 18 per cent to S$1.32 billion for the third quarter, compared with S$1.12 billion a year ago.

Alibaba is starting to feel the Ant sting. The e-commerce giant's ties to the reeling financial technology company are weighing on its US$780 billion valuation. A suspended initial public offering (IPO) and Beijing's new credit rules have hit just as growth at Alibaba's core shopping business...