Markets

U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc over how judges should determine when shareholders can collectively sue publicly traded companies for fraudulent statements that keep their stock prices artificially high.

Boeing Co asked a Delaware court to throw out a shareholders' lawsuit over the safety of its 737 MAX, saying the board engaged in "robust and well-established" oversight of the design and certification of the plane.

Citigroup Inc said it will consolidate three of its investment banking groups into one in a push for environmental sustainability, an area that has become critical for investors.

U.S. planemaker Boeing Co said on Monday it sold 100 new 737 MAX-7 jets to long-time customer Southwest Airlines, in its biggest order win since the aircraft's safety ban was lifted in the United States late last year.

American Airlines said on Monday it expects to fly most of its fleet in the coming months thanks to strong domestic and short-haul international bookings as COVID-19 infection rates and hospitalizations decline and more people receive vaccines.

U.S. stock index futures pointed to a lower open for Wall Street on Monday after a surge in the previous session, as global banks said they faced potential losses from a hedge fund's default on margin calls.

Chinese electric vehicle maker BYD Co Ltd,, which is backed by billionaire Warren Buffett, on Monday reported a 162per cent growth in 2020 net profit as it became a major mask maker amid the COVID-19 pandemic.

KUALA LUMPUR: Malaysia's budget airline AirAsia Group reported a record quarterly loss on Monday (Mar 29), as depreciation and impairments deepened the impact of lockdowns, but said it was confident of a full recovery in two years' time. Net loss in the October to December period widened to RM2.44...

CD Projekt, the Polish studio behind one of the most anticipated and derided games of 2020, will have a lot of explaining to do when it updates investors on its strategy on Tuesday.

CAIRO: The giant container ship that blocked the Suez Canal for almost a week was fully floated on Monday (Mar 29) and traffic in the waterway would resume, the canal authority said in a statement. A Reuters witness saw the ship moving and a shipping tracker and Egyptian TV...