Markets

Japan's Mizuho Financial Group Inc reported on Friday its net profit more than doubled for the fourth quarter, during which it suffered some system failures and booked a trading loss related to the collapse of U.S. investment fund Archegos.

SINGAPORE: Singapore is stepping up enforcement of COVID-19 safe management measures to ensure compliance by nightlife operators who have pivoted to the food and beverage industry. This is because breaches by such establishments are "flagrant" and carry much higher public health risks, said ...

CITI Singapore, in partnership with fintech Sharegain, has launched a fully automated securities lending solution for the wealth management firms it provides custody services to.

Japan's exports likely grew more than 30per cent year-on-year in April, the most in more than a decade, a Reuters poll showed on Friday, but the base effect was a major factor after last year's steep decline due to the initial impact of the coronavirus pandemic.

Taiwan's Foxconn, which assembles iPhones for Apple, on Friday reported better-than-expected first-quarter profit amid the work-from-home trend spurred by the COVID-19 pandemic that has stoked demand for electronic devices.

Tesla Inc is in talks with Chinese battery maker EVE Energy Co to add the firm to its Shanghai factory supply chain, four people familiar with the matter said, as it seeks to boost procurement of lower cost batteries.

Japan's Toshiba Corp forecast on Friday a hefty 63per cent rise in annual operating profit after pandemic-induced pain in the last year and as restructuring measures bear fruit.

NEW YORK: Pablo Picasso's "Woman Sitting Near a Window (Marie-Therese)" sold on Thursday (May 14) for US$103.4 million at Christie's in New York, the auction house said. The painting, completed in 1932, was sold after 19 minutes of bidding for $90 million, which rose to US$103.4 million when fees...

Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic revival.

Toshiba's European business has been hit by a cyberattack, a source familiar with the situation said on Friday, with public broadcaster NHK identifying the perpetrators as DarkSide, the group the U.S. FBI blamed for the Colonial Pipeline attack.