Markets

United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to patio furniture since the coronavirus took hold in March.

The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump's trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre.

SVB Financial Group shares sank as much as 47 per cent on Friday (Mar 10) as prominent venture capitalists recommended companies withdraw their money from the lender, sparking further worries over its financial health and liquidity in the wider banking sector.

REUTERS: Online risk management platform Riskified Ltd, backed by an affiliate of General Atlantic and Fidelity Management & Research Co, was aiming for a valuation of more than US$3 billion in its U.S. initial public offering, a regulatory filing showed on Monday. Riskified said it planned to ...

OKX, one of the world’s largest cryptocurrency exchanges, has been granted a regulatory licence in Dubai that will allow it to offer crypto services to retail clients, the company said on Tuesday (Jan 16).

Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.

JAKARTA: Indonesian state tin miner PT Timah said on Thursday it adheres to regulations and good mining practices in its activities both on land and offshore and said it was committed to environmental sustainability. Timah, the world's second largest refined tin producer, was responding to a ...

Britain has asked manufacturers including Ford , Honda and Rolls Royce to help make health equipment including ventilators to cope with the coronavirus outbreak and will look at using hotels as hospitals.

SEOUL: A South Korean court will rule as soon as Monday (Jun 8) whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate. Lee, 51,...