Markets

Daimler on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20per cent by 2025 compared with 2019 levels as part of a strategy overhaul to reposition Mercedes-Benz as a luxury brand.

Britain's financial watchdog said on Tuesday it will ban the sale to retail investors of products that track the price of cryptoassets like Bitcoin, saying most people lose money on them.

Daimler on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20per cent by 2025 compared with 2019 levels as part of a strategy overhaul to reposition Mercedes-Benz as a luxury brand.

U.S. stock index futures were subdued on Tuesday as investors booked profits after a rally that sent the S&P 500 and the Dow to their highest levels in more than two weeks, while awaiting signs Washington was close to agreeing on more fiscal stimulus.

LONDON: Stock markets diverged on Tuesday (Oct 6) as investors dwelt on US election uncertainty after President Donald Trump returned to the White House following hospital treatment for COVID-19. Traders reacted to Trump's discharge from hospital as political concerns persisted before the ...

As the world experimented with working from home, U.S. energy firm Phillips 66 Co went the other way: it imposed a “work-from-work” policy for staff at its Houston headquarters in May even as the city became a hot spot for the pandemic.

More than six months after the pandemic ravaged the U.S. labor market, millions of Americans who are still unemployed are bracing for the possibility that the jobs they held before the crisis may not come back for years, if at all.

SINGAPORE: With the aviation sector battered by the COVID-19 pandemic, it is “not the time now” to be talking about imposing an environmental tax on Singapore Airlines (SIA), said Transport Minister Ong Ye Kung in Parliament on Tuesday (Oct 6). Doing so will worsen the situation for the national ......

TEMASEK Holdings will establish Seviora Holdings, a Singapore-based asset management group that will offer a broad range of multi-asset and multi-strategy investment expertise.

ANALYSTS see a mild positive from the latest move by the Singapore regulator to extend debt relief for certain individuals and small businesses into 2021.