Markets

Hungarian financial institutions and telecoms infrastructure were hit with a powerful cyber attack on Thursday from computer servers located in Russia, China and Vietnam, telecoms firm Magyar Telekom said.

U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around US$6 billion, people familiar with the matter said on Saturday.

There are the long hours of juggling work and school, the stress-eating, the struggle to get taken seriously by investors. But polytechnic student Dalton Ng can’t see any other life for himself, he tells On The Red Dot.

Commerzbank, Germany's second largest bank which has been hit by the coronavirus pandemic and the Wirecard scandal, on Saturday named Manfred Knof from rival lender Deutsche Bank as its new chairman.

German lender Commerzbank has poached a senior executive of its larger rival Deutsche Bank to assume the role of chief executive, filling a leadership vacuum after months of turmoil.

Daimler's Dieter Zetsche told Germany's Frankfurter Allgemeine Sonntagszeitung newspaper that he will not seek to become chairman of the supervisory board of the German carmaker.

The United States government has imposed restrictions on exports to China's biggest silicon chip maker after concluding there is an "unacceptable risk" that equipment supplied to it could be used for military purposes.

Daimler's Dieter Zetsche told Germany's Frankfurter Allgemeine Sonntagszeitung newspaper that he will not seek to become chairman of the supervisory board of the German carmaker.

SINGAPORE: Hotel booking and management platform RedDoorz has been hit by a breach to one of its IT databases containing customers' personal data. "We have reason to believe data has been compromised," said RedDoorz in an email sent to customers on Saturday (Sep 26). The data may include names ......

BEIJING: China's auto market has rebounded smartly from the COVID-19 crash in recent months, executives said on Saturday, as a rare in-person trade show was dominated by talk of recovery in the world's biggest car market. While conditions have improved vastly from lockdowns that froze economic ...