Markets

SINGAPORE: Singapore’s factory activity remained in negative territory for the fourth consecutive month in May amid the COVID-19 outbreak, although an uptick in the key gauge may suggest the “resilience” of local manufacturers. Many countries have started to reopen parts of their economies after ...

U.S. industrial conglomerate 3M Co on Wednesday appointed General Electric Co executive Monish Patolawala as the company's chief financial officer, effective July 1.

U.S. private payrolls fell less than expected in May, with employers laying off another 2.76 million workers.

SoftBank Group Corp is launching a US$100 million fund to invest in "companies led by founders and entrepreneurs of color", in the latest corporate action as protests roil the United States.

Coty Inc is in talks with reality TV star Kim Kardashian West over a potential collaboration for a beauty line, the cosmetics maker disclosed in a regulatory filing on Wednesday.

SINGAPORE: A former HR manager of Hyflux subsidiary Hydrochem was charged with three counts of corruption on Wednesday (Jun 3). Khoo Chen Ee, a 36-year-old permanent resident, was accused of corruptly accepting and agreeing to accept about S$7,000 from Elumalai Selvakumar, a director of Leeds HR ...

U.S. stock index futures climbed on Wednesday, with Nasdaq futures inching closer to a record high as investors remained optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest.

Spanish utility Iberdrola said on Wednesday it will invest up to 4 billion euros (US$4.5 billion) over the next four years in France to develop renewable energy.

China's Huawei Technologies acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giant's chief financial officer, newly obtained internal Huawei documents ...

SINGAPORE: Landlords will have to dig into their pockets to provide small- and medium-sized enterprise (SME) tenants with more rental relief under amendments to COVID-19 regulations set to be introduced in Parliament on Friday (Jun 5). As long as the leases or licences were in force on Apr 1...