Markets

U.S. luxury jeweler Tiffany & Co , which is being bought by France's LVMH for US$16 billion, said on Tuesday it had amended some of its debt agreements to gain more financial leeway amid the coronavirus pandemic after its quarterly sales sank 44per cent.

PARIS: International airlines are in line to make a combined net loss of more than US$84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said on Tuesday (Jun 9). "Financially, 2020 will go down as the worst year...

BERLIN: The German government said on Tuesday it would commit millions of euros in funding to electronics research and development, as part of a wider effort to reduce its reliance on imports of equipment used in its critical infrastructure. Berlin has resisted U.S. calls to exclude Chinese ...

BANGKOK: Thailand on Tuesday approved a draft bill requiring foreign digital service providers to pay a value-added tax (VAT), becoming the latest country in Southeast Asia to seek to boost tax revenues from international tech companies. Last month, Indonesia passed a law requiring big internet ...

Macy's Inc said on Tuesday its 450 reopened stores were performing better than expected, giving some respite for the department store operator that reported nearly US$1 billion in quarterly operating losses.

SINGAPORE: The construction sector has been a “key vulnerability” during the COVID-19 pandemic and the Government will work closely with the industry to get through this difficult period, said National Development Minister Lawrence Wong on Tuesday (Jun 9). In a televised address to the nation, Mr ...

TOKYO: Japan and Britain agreed to start talks on an early trade deal, Japan's foreign ministry said on Tuesday (Jun 9), as Britain emerges from decades of outsourcing its trade policy to the European Union. Britain is embarking on negotiating free trade deals with countries around the world and ...

U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus now on the Federal Reserve's two-day policy meeting.

LONDON: Vitol's former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo and four sources familiar the matter. Taylor joined Vitol in 1985 and became group President and CEO in 1995, during which time he helped build Vitol...

Honda Motor Co suspended some of its auto and motorcycle production globally as the Japanese car giant grappled with a suspected cyber attack, a spokesman said on Tuesday.