Markets

SYDNEY: Virgin Australia's Chief Executive Paul Scurrah will step down within weeks once the airline's sale to US private equity group Bain Capital is completed, the airline's administrator said on Thursday (Oct 15). Jayne Hrdlicka, a former head of the Jetstar budget offshoot of Qantas Airways ...

SEOUL: Big Hit Entertainment, the management label of popular South Korean boy band BTS, debuted at double its initial public offering (IPO) price on Thursday (Oct 15) as investors scrambled for a piece of the country's largest listing in three years. Big Hit shares opened at 270,000 won, valuing...

Asian markets were off to a mixed start on Thursday as hopes of U.S. fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.

Women and minorities, who have been affected by pandemic-related job losses, will need help getting back to work as more economic activity shifts to sectors less dependant on face-to-face interaction, Dallas Federal Reserve President Robert Kaplan said on Wednesday.

The United States on Wednesday renewed pressure against Hong Kong's leader, accusing her of undermining autonomy from China, but stopped short of imposing sanctions on banks under a tough new law.

The US State Department has submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, according to two people familiar with the matter, before the financial technology firm is slated to go public.

U.S. Treasury Secretary Steven Mnuchin on Wednesday urged the International Monetary Fund and World Bank to work judiciously within their existing resources to fight the coronavirus pandemic and urged G20 countries to endorse a proposed debt restructuring framework.

Wells Fargo & Co has fired more than 100 employees for unethically getting coronavirus relief funds, Bloomberg News reported on Wednesday, citing a person with knowledge of the situation and an internal memo.

Citigroup Inc is dropping claims against one of the entities it had sued in an attempt to recoup nearly US$1 billion that it mistakenly sent to lenders of Revlon Inc , according to a court filing on Wednesday.

Economic activity is shifting during the pandemic to sectors that do not rely on face-to-face interaction, and Americans most affected by job losses will need help getting back to work, Dallas Federal Reserve President Robert Kaplan said on Wednesday.