Markets

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...

BANGKOK: Thailand's finance ministry on Thursday (Jul 30) slashed its 2020 economic forecast to a record 8.5 per cent contraction in gross domestic product from the 2.8 per cent growth it projected in January, due to the impacts of the COVID-19 pandemic. The ministry also cut its 2020 estimate for ......

REUTERS: Drugmaker AstraZeneca topped second-quarter sales and profit expectations on Thursday and stood by its 2020 forecasts, helped by strong sales in lockdowns of a diverse line-up, which now includes a potential coronavirus vaccine. Product sales, which exclude payments from tie-ups, rose ...

PARIS: Airbus announced Thursday (Jul 30) net losses of 1.9 billion euros (US$2.2 billion) in the first six months after aircraft delivery halved as a result of the coronavirus crisis. The leading European company delivered 196 planes over the first six months of 2020 as airlines around the globe...

China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter, industry tracker Canalys said Thursday.

SINGAPORE: Minister of Transport Ong Ye Kung has warned that Singapore cannot take for granted that it will remain an aviation hub even when the COVID-19 pandemic ends. Mr Ong was speaking to reporters on Thursday (Jul 30) after attending a ceremony at the Causeway to mark the official...

French carmaker Renault posted a record net loss of 7.292 billion euros in the first half of this year, dragged down by the impact of losses at alliance partner Nissan and the COVID crisis hitting sales.

NASA's next-generation Mars rover Perseverance is set for liftoff from Florida's Cape Canaveral on Thursday on a mission to search for traces of potential past life on Earth's planetary neighbor.

A government audit of India's flagship payments processor last year found more than 40 security vulnerabilities including several it called "critical" and "high" risk, according to an internal government document seen by Reuters.

U.S. tech firm International Business Machines Corp on Thursday launched a research partnership with Japanese industry to accelerate advances in quantum computing, deepening ties between the two countries in an emerging and sensitive field.