Markets

Japan's coincident indicator index rose in March, the government said on Wednesday, supported by strong retail sales and exports, even as the coronavirus crisis remained a threat to the country's economic recovery.

Philippines' Jollibee Foods Corp said on Wednesday it posted a net profit for the second consecutive quarter, supported by international sales that have recovered to pre-pandemic levels.

TAIPEI: Taiwan may raise its COVID-19 alert level in the "coming days", Health Minister Chen Shih-chung said on Wednesday (May 12), warning of an extremely serious situation on the island which has so far controlled the pandemic well, sending the stock market tanking. On Tuesday, Taiwan announced ...

SYDNEY: Lockdown-fuelled demand for take-out meals has brought throngs of new delivery riders onto streets around the world, but in Australia the boom has also seen tragedy with a spate of road deaths highlighting the plight of couriers. As many industries ground to a halt last year, millions lost...

BEIJING: Chinese grocery app Dingdong Maicai has raised US$330 million, advisor Cygnus Equity said on Wednesday, amid a surge of fundraising in the sector. The so-called D-plus round of fundraising led by the SoftBank Vision Fund followed the vegetable e-commerce platform's US$700 million D ...

MONTCLAIR: It has been a long road for electric cars in the United States, but myriad announcements by major automakers signal they are at last moving towards the mainstream. With more electrical models set to hit showrooms, the focus will shift to consumers' willingness to pivot to electric cars...

U.S. stocks fell on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which struggled at a 2-1/2-month low.

U.S. stocks fell on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which struggled at a 2-1/2-month low.

South Korea's unemployment rate fell to an eight month low in April while the number of people employed rose at the sharpest pace in nearly seven years as the economic recovery continues.

SEOUL: Samsung BioLogics on Wednesday (May 12) said a report it was in talks with Pfizer Inc to begin production of the US drugmaker's COVID-19 vaccine in South Korea as early as in August was "not factual". The Korea Economic Daily reported earlier that the biotech arm of Samsung...