Markets

Oracle Corp posted quarterly revenue below Wall Street estimates on Tuesday as the coronavirus crisis led clients in the hospitality, retail and transportation sectors to postpone purchases, sending its shares about 3per cent lower after the bell.

Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as US$300 and that will come to market in the second half of this year.

Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records.

SAN FRANCISCO: Facebook on Tuesday (Jun 16) removed almost 900 accounts associated with the far-right Proud Boys and American Guard, including those belonging to Proud Boys supporters who marched into a protest zone in Seattle Monday and confronted anti-racist demonstrators. Facebook told Reuters ...

SINGAPORE: Singapore’s non-oil domestic exports (NODX) fell 4.5 per cent year-on-year in May after seeing unexpected growth in the previous month, mainly due to declines in the petrochemicals sector. This reversed three straight months of expansion, with total trade contracting 25 per cent in May ...

The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia.

Oil prices retreated on Wednesday, weighed down by an increase in U.S. crude inventories and worries about a potential second wave of the coronavirus pandemic.

Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May.

U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony seen by Reuters....

Bayer AG said on Tuesday it will scrap a nearly US$1 billion project to produce the chemical dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of weed killers based on the product.