Markets

German sportswear firm Adidas expects sales to return to growth in China in the fourth quarter and predicted a similar level of sales decline overall as it reported in the third when it saw a rebound from earlier coronavirus lockdowns.

German logistics group Deutsche Post AG said on Tuesday it was working on securing the capacity it needs to handle a big rise in ecommerce over the Christmas season, which will determine whether it meets the upper end of its outlook.

An apparent breakthrough in a coronavirus vaccine weakens the case for another large U.S. fiscal stimulus bill, but relief is still needed for struggling businesses to create a bridge for the economy, investors said.

BEIJING/SHANGHAI: China's market regulator on Tuesday published draft rules aimed at preventing monopolistic behavior by internet platforms, in a move that will increase scrutiny on the country's e-commerce marketplaces and payment services. China's State Administration for Market Regulation ...

Microsoft Corp on Tuesday launched two models of its Xbox gaming console, seven years after the debut of the previous version, to capture a pandemic-driven boom in consumer spending on games.

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan (US$15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters.

ROME: The G20 major economies are "moving in the wrong direction" in response to the coronavirus pandemic by using stimulus spending to support industries and companies that rely heavily on planet-warming fossil fuels, researchers said on Tuesday (Nov 10). Despite repeated pledges to end subsidies ...

A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs.

NEW DELHI: Amazon.com Inc's Prime Video said on Tuesday it had acquired the rights for broadcasting New Zealand Cricket matches in India, marking the streaming service's first foray into live sports in its fastest growing market. As part of the multi-year deal between Amazon and the New Zealand ......

SINGAPORE: Southeast Asia's Internet economy will hit US$105 billion this year, as the coronavirus crisis prompted stuck-at-home consumers to go online to shop, get food delivered at home and for entertainment purposes, an industry report said on Tuesday (Nov 10). The report, which covers ...