Markets

McDonald's Corp laid out new diversity initiatives for corporate leadership, franchisees and suppliers at its global convention on Wednesday.

Mastercard Inc on Thursday reported a 30per cent slump in quarterly profit as fewer people used its cards during the COVID-19 pandemic, hitting spending volumes for the payment processor.

Kraft Heinz Co on Thursday wrote down the value of several businesses - including its Oscar Mayer deli meat brand and Canadian retail unit - by about US$2.9 billion.

Comcast Corp on Thursday reported second-quarter revenue that beat expectations, as strong sign-ups for broadband offset weaker advertising sales at cable networks and broadcast TV.

Eli Lilly and Co reported a 6.4per cent rise in second-quarter profit on Thursday, helped by demand for its diabetes drug, Trulicity.

EU antitrust regulators are set to open a full-scale investigation into Alphabet Inc unit Google's US$2.1 billion bid for fitness tracker maker Fitbit , people familiar with the matter said on Wednesday.

SINGAPORE: The Government should extend the Jobs Support Scheme (JSS) beyond August but take a more targeted approach to help struggling companies and lower-income workers, analysts interviewed by CNA said.  Under the JSS, the Government co-funds between 25 per cent and 75 per cent of the first S ......

Orange, France's number one telecoms operator, expects to reduce its reliance on Huawei mobile equipment in Europe in the medium term, Chief Executive Officer Stéphane Richard said on Thursday.

Japan's Panasonic Corp said on Thursday it expects operating profit to drop 48.9per cent this financial year, as the pandemic hits its wide-ranging businesses from home appliances to automotive batteries.

Bitcoin is doing that thing again. After a 50 per cent slump in the cryptocurrency's price to about US$4,000 in mid-March, when Covid-19 panic was gripping the financial markets, it has bounced back to trade at about US$11,200. Veteran crypto-watchers have seen this rapid shift from...