Markets

KKR & Co Inc said on Monday its after-tax distributable earnings rose 15per cent year-on-year in the fourth quarter, driven by growth in management and transaction fees from its capital markets business.

Take-Two Interactive Software Inc on Monday raised annual adjusted sales targets on sustained demand for its top franchises, "NBA 2K" and "Grand Theft Auto", as COVID-19 curbs continue to boost videogame sales worldwide.

Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout.

With the pandemic still suppressing ridesharing demand, Wall Street is keen to know how soon Uber Technologies Inc and Lyft Inc expect a rebound and how they plan to keep costs under control until then.

Europe's antitrust chief, Margrethe Vestager, has warned Apple Inc to give equal treatment to all apps on its platform amid the iPhone maker's privacy changes that have drawn charges of anti-competitive practices from rival Facebook Inc.

US sanctions have likely contributed to Venezuela's economic deterioration and have caused obstacles for humanitarian workers, a study by a US government watchdog said Monday.

Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter to 11per cent from 10per cent and said that additional fiscal measures are likely to be valued at US$1.5 trillion, up from their previous US$1.1 trillion estimate.

Democrats in the U.S. Congress are set to release a sweeping plan on Monday to provide more than US$50 billion in additional assistance to U.S. airlines, transit systems, airports and passenger railroad Amtrak and create a new US$3 billion program to assist aviation manufacturers with payroll costs ...

A U.S. House committee on Wednesday will consider a Democratic plan to allocate another US$14 billion to extend payroll assistance to U.S. airlines to keep thousands of workers on the job through September 30, according to a committee document seen by Reuters.

Chinese regulators have summoned representatives of US electric car giant Tesla after reported technical problems with their vehicles, notably concerning their safety, officials in Beijing said Monday.