Markets

BENGALURU: Activity in India's crippled services industry fell for a sixth straight month in August as coronavirus restrictions continued to hurt business operations and demand, causing the longest streak of job losses on record, an industry survey showed. Thursday's (Sep 3) survey adds to the ...

U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than US$4 billion for a stake in beleaguered Indian telecom firm Vodafone Idea Ltd , India's Mint newspaper reported on Thursday, citing two unnamed people aware of the negotiations.

JPMorgan has first right to buy a 20per cent stake in its Chinese securities joint venture from one of its local partners for 177.7 million yuan (US$26.02 million), a filing by the partner showed on Thursday.

U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than US$4 billion for a stake in beleaguered Indian telecom firm Vodafone Idea Ltd , India's Mint newspaper reported on Thursday, citing two unnamed people aware of the negotiations.

Analysts again upgraded forecasts for the Australian and New Zealand dollars in the latest Reuters poll, but they still lag the market as investor risk appetite gets a boost from hefty central bank stimulus.

BRASILIA: Brazil's Senate passed a Bill on Wednesday (Sep 2) that tightens the safety rules and inspection for dams in the mining industry, setting fines of up to 1 billion reais (US$187 million) for failure to comply. The legislation reinforces the prohibition of the use of upstream dams for...

BEIJING: The recovery in China's service sector activity extended into a fourth straight month in August, an industry survey showed on Thursday (Sep 3), with companies hiring more people for the first time since January. The Caixin/Markit services Purchasing Managers' Index (PMI) slipped to 54.0 ...

Twitter confirmed on Thursday that an account of Indian Prime Minister Narendra Modi's personal website was hacked with a series of tweets asking its followers to donate to a relief fund through cryptocurrency.

MELBOURNE: Oil prices were little changed in early trade on Thursday, sitting near multi-week lows hit overnight on worries about fuel demand due to a patchy U.S. economic recovery. U.S. West Texas Intermediate (WTI) crude futures inched up 3 cents, or 0.1per cent, to US$41.54 a barrel at 0115...

UNITED Overseas Bank (UOB) and CapitaLand have entered into an agreement for a two-year S$200 million term loan which references both the Singapore Overnight Rate Average (SORA) and the Secured Overnight Financing Rate (SOFR).