Markets

Siemens Energy has received a lawsuit filed by rival General Electric accusing a unit of the German firm of using stolen trade secrets to rig bids for gas turbine contracts and cover up improper business gains of more than US$1 billion.

SINGAPORE: There is “no indication” thus far that Singapore’s critical information infrastructure and Government systems have been adversely affected by the hacking of American software maker SolarWinds, said Minister for Communications and Information S Iswaran on Tuesday (Feb 2). Even so, the ...

BP's fourth quarter profit sank to US$100 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic, it said on Tuesday.

BP's fourth quarter profit sank to US$100 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic, it said on Tuesday.

SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global rate - the Libor - could be pushed to mid-2023.

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media - the snub underscoring how just far he has fallen out of favour with Beijing.

As the White House and Congressional Democrats press for a US$1.9 trillion pandemic relief package that many Republicans say is more than what the country needs or can afford, Federal Reserve policymakers are also split on the issue.

Alphabet Inc's Google will pay more than US$3.8 million to 5,500 employees and job applicants to settle allegations of pay disparities for women and hiring biases affecting women and Asians, the U.S. Department of Labor said on Monday.

Spotify Technology SA on Tuesday made a long-awaited debut in South Korea, the sixth largest music market in the world and home to the K-pop music genre.

Alphabet Inc's Google said on Monday it would stop internal development of games for Stadia, making the cloud-based game-streaming service entirely dependent on titles from other game developers and publishers.