Markets

A consortium led by state-owned pharma giant Sinopharm plans to take private China Traditional Chinese Medicine Holdings in a deal that would value the firm at at least US$3.3 billion, said two people with direct knowledge of the matter.

Walmart Inc will add small robot-staffed warehouses to dozens of its stores to help fill orders for pickup and delivery, the company said on Wednesday, as Americans shift their spending online amid the COVID-19 pandemic.

MANILA: A Philippine province has cancelled its award of a US$10 billion airport deal south of the capital, among the biggest projects involving a Chinese firm under President Rodrigo Duterte who has pursued warmer ties with Beijing since taking office in 2016. China Communications Construction Co ...

Google is reviving plans to launch its own news website in Australia within weeks, according to a local media outlet contracted to provide articles for the venture, as the search giant fights world-first proposed laws on content payments.

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world's second-biggest oil user, reported its lowest daily rise in COVID-19 cases, bolstering hopes of a pick-up in demand.

REUTERS: Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk. GameStop surged 50per cent in extended trade after Musk tweeted ...

REUTERS: Southwest Airlines Co said late on Tuesday it was offering employees another round of voluntary leave as its staffing levels remain high and the coronavirus outbreak crimps travel. "Southwest remains overstaffed in many areas. As a result, some departments will be offering additional ...

Goldman Sachs chief executive David Solomon's annual pay fell by US$10 million, or 36 per cent, in 2020, according to regulatory disclosures filed on Tuesday (Jan 26), reflecting the bank's role in Malaysia's 1MDB scandal.

AT&T Inc was sued on Tuesday for at least US$1.35 billion by a Seattle company that accused the telecommunications giant of stealing its patented "twinning" technology, which lets smart devices such as watches and tablets respond to calls placed to a single phone number.

Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup after a Tuesday holiday.