Markets

COVID-19 has hit the reset button on world economies, and governments should look to firm up "exit plans" from their current consumption-focused stimulus packages, said DBS chief Piyush Gupta.

WHILE the world is currently experiencing unprecedented upheaval due to the Covid-19 crisis, the Asia-Pacific banking and financial services industry is reaching a tipping point in many regions, with the "digital banking revolution" on the near horizon. Banks, lenders and other financial institutions need to be prepared...

Snap Inc on Tuesday beat expectations for quarterly revenue as advertisers turned to the app to reach younger users, but said an initial lift in user growth at the start of coronavirus-led lockdowns dissipated faster than it expected.

Best Buy Inc said on Tuesday that it would raise hourly wages for its employees by 4per cent, replacing its short-term incentive pay it introduced during the pandemic, from Aug. 2.

The benchmark S&P 500 U.S. stock index is now positive for the year, yet most of its components have sat out the rally.

Tesla Chief Executive Elon Musk qualified on Tuesday for a payout worth an unprecedented US$2.1 billion, his second jackpot since May from the electric car maker following its massive stock surge.

The Senate Banking Committee on Tuesday approved Judy Shelton's nomination to the Federal Reserve Board in a party-line vote, delivering a win for President Donald Trump and his efforts to install a political confidante in a key economic policy-making role.

Pakistan has issued a final warning to Chinese-owned social media app TikTok to clamp down on what it called "immoral, obscene and vulgar" content on the video-sharing platform.

U.S. homebuilders are expected to report a sharp rebound in sales and orders for the second quarter as record-low mortgage rates and the working-from-home changes brought on by the coronavirus encourage more Americans to move to less crowded suburbs.

When Tesla Inc reports second-quarter results after the bell on Wednesday, investors will be keen to see whether the electric carmaker has delivered a profit during the global pandemic that has sunk most of its internal combustion rivals deep in red ink.