Markets

Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective US$9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of U.S.-based hedge fund Archegos Capital.

Apple Inc said Wednesday that it will build a battery-based renewable energy storage facility in Central California near a solar energy installation that already provides energy for all of its facilities in the state.

Shares in Polish video games maker CD Projekt dropped almost 15per cent to a two-year low on Wednesday after a strategy update aimed at rebuilding investor confidence after a bug-ridden game launch last year backfired.

SINGAPORE: Singapore Exchange (SGX) is proposing introducing regulations to allow the listing of Special Purpose Acquisition Companies (SPACs) or blank cheque firms that have taken US markets by storm. "The feedback we have been receiving is that an Asian SPAC would be interesting because Asia is ...

Saudi Aramco said on Wednesday the government had no plans to impose private partnerships on the oil giant, after it launched a programme to support private investment in the kingdom as part of Saudi Arabia's diversification push.

India is offering more than US$1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said.

Oracle Corp announced on Wednesday it will migrate companies' most complicated computer programs to its cloud for free as it tries to catch a new wave of potential cloud-computing clients by aiming to save them time and money.

China's Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company's placement on a U.S. export blacklist.

Dozens of Black executives at U.S. companies, including Merck & Co Chief Executive Officer Kenneth Frazier, are calling on corporations to push back against a wave of new restrictive voting-rights bills, the New York Times reported on Wednesday.

REUTERS: S&P 500 futures were flat on Wednesday, as investors awaited details of how President Joe Biden would fund a massive infrastructure plan, while Wall Street headed for its fourth straight quarterly gain on signs of a strong economic rebound. The US$3 trillion-US$4 trillion package will ...