Markets

A new breed of trading algorithms has deftly navigated the turbulence in currency markets caused by the coronavirus pandemic, driving up demand for robots and potentially reshaping the world of foreign-exchange dealing beyond the crisis.

HONG KONG financial services firm AMTD Group and its charity foundation have partnered the Asean Financial Innovation Network to establish a S$50 million fund to support regional fintech firms during the Covid-19 pandemic.

Activist investor Starboard on Thursday ended its proxy fight at eBay by withdrawing its four director nominees four days after the ecommerce company named a new chief executive.

PRAGUE/WASHINGTON/LONDON: The Czech Republic warned international allies on Thursday of a imminent wave of disruptive cyberattacks against the country's hospitals and other parts of its critical infrastructure. The country's NUKIB cybersecurity watchdog said the attacks, designed to damage or ...

Uber Technologies Inc said on Thursday it expects an impairment charge of up to US$2.2 billion in the first quarter due to the coronavirus outbreak and revenue to decline by US$17 million to US$22 million in the quarter.

REUTERS: U.S. fintech startup Stripe Inc said on Thursday it raised US$600 million, as companies that provide the online infrastructure for financial and payment services get a boost from the coronavirus pandemic. Fintech start-ups attracted a flood of investments last year as they pushed ...

Toyota-backed self driving company Pony.ai said on Friday it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders surges because of the coronavirus lockdown.

Hong Kong's Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.

The chairman of the Federal Communications Commission (FCC) circulated on Thursday a draft order asking FCC members to approve Ligado Networks' low-power nationwide 5G network despite objections from the Defense Department and major U.S. airlines.

Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.