Markets

The main processor for U.S. stock trades said on Wednesday it supports an effort to shorten the settlement cycle for securities to help reduce market risk, an area that has been under scrutiny in the wake of the GameStop Corp trading frenzy.

The reality has not yet sunk in for Pepe Diaz that the beloved deli he ran with his brother for more than 30 years is permanently shut.

Geely Automobile and sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said on Wednesday.

Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel.

Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier's contract for new aircraft, lawyers representing the two firms told Ireland's High Court on Wednesday.

SINGAPORE: Supermarket chain Sheng Siong said on Wednesday (Feb 24) that its full-year net profit jumped 83.7 per cent as customers stocked up and had meals at home during the COVID-19 pandemic.  Net profit for the year ended December 2020 rose to S$139.1 million from S$75.8 million the previous ......

British finance minister Rishi Sunak will next week promise yet more spending to prop up the economy during what he hopes will be the last phase of lockdown, but he will also probably signal tax rises ahead to plug the huge hole in the public finances.

BANGKOK: Thai authorities are preparing a plan to ease restrictions for travellers vaccinated against the coronavirus, senior officials said on Wednesday (Feb 24), as the country looks to revive a tourism industry battered by travel curbs. Measures for vaccinated visitors would be introduced step ...

India's largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG Acquisition Corporation II, in a deal that values the merged entity at roughly US$8 billion.

SINGAPORE: Mediacorp on Wednesday (Feb 24) launched a self-service advertising platform, in a move aimed at making advertising more attractive and accessible to all business owners. Named Mediacorp AdDirect, the one-stop platform enables advertisers to create, order and track their media campaigns ...