Markets

MANILA: The Philippine economy shrank by more than expected on an annual basis in the third quarter due to the COVID-19 pandemic, official data showed on Tuesday (Nov 10), but the fallout eased after the government gradually lifted coronavirus restrictions. The Philippines imposed one of the ...

Walt Disney Co said on Monday it was furloughing additional workers from its Disneyland theme park in Southern California, because it still does not know when the state will allow it to reopen because of the coronavirus pandemic.

Asian share markets mostly shot higher on Tuesday driven by regional airline, tourism and travel stocks as global investors applauded progress in the development of a coronavirus vaccine which lifted confidence in a world economic recovery.

SINGAPORE: 99 Group, which operates several Southeast Asian property platform brands including 99.co, has acquired property portal Singapore Real Estate Exchange (SRX). Under a sale and purchase agreement finalised on Saturday, 99 Group will acquire all of the shares in StreetSine Singapore, which ...

Global stocks and oil jumped and Treasuries sold off on Monday as progress in the development of a coronavirus vaccine lifted investor confidence in a world economic recovery.

The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday (Nov 9), in a stark reminder the economy is far from out of the woods.

A US judge said on Monday he will consider arguments in a disputed order related to the protection of confidential information in the Justice Department's antitrust lawsuit filed against Alphabet Inc's Google LLC unit.

The worst is over, thanks to the manufacturing engine coming back to life again, says OCBC’s Selena Ling.

NextEra Energy Inc , the world's largest producer of wind and solar energy, has made a roughly US$15 billion all-stock acquisition offer for U.S. power utility Evergy Inc , people familiar with the matter said on Monday.

Shenzhen will become a testbed for Beijing’s new economic reforms, say Andrew Sheng and Xiao Geng.