Markets

Billionaire hedge fund manager William Ackman touted the success of his funds on Friday, citing attractive valuations for his holdings and saying he has up to US$7 billion to invest in a private company, while saying that opening stock ownership to all Americans is a key to political stability....

U.S. stocks are rallying, but so too is Wall Street's "fear gauge," in an unusual twist.

The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, laying the groundwork for new sanctions.

Canada has completed simulator and flight tests of Boeing Co's 737 MAX jetliner, which was grounded worldwide after two fatal crashes, and is analyzing the results, the Transport Ministry said in a statement on Friday.

Sanofi's confidence in its coronavirus vaccine candidates has increased this summer as the French drugmaker prepares to start clinical trials, its chief executive told Reuters.

SINGAPORE: The Maritime and Port Authority of Singapore (MPA) on Friday (Aug 28) announced a slew of measures to facilitate crew changes and ensure safe port operations, including having shorter stay-home notices for some seafarers and setting up a dedicated holding and quarantine facility for ship ...

U.S. consumer spending increased more than expected in July, boosting expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and money from the government runs out.

A host of companies have filed for U.S. initial public offerings (IPOs) this week in the busiest period in recent history, as businesses rush to take advantage of ample investor appetite for new stocks.

Silicon Valley entrepreneur Elon Musk's net worth topped US$100 billion on Friday, according to the Forbes real-time billionaires list, as the shares of electric-car maker Tesla Inc see a more than five-fold surge in value this year.

Wall Street was swift to see the rationale behind Walmart Inc jumping into the fray to buy TikTok - access to millions of young, digitally savvy users who could help the 60-year-old company boost its online sales.