Markets

Oil prices were down in early trade on Wednesday, extending several days of losses, amid uncertainty over how much supply producing countries will push to restore to the market at a meeting this week while the coronavirus pandemic persists.

Proxy adviser Institutional Shareholder Services Inc (ISS) on Wednesday recommended that Toshiba Corp shareholders vote for Effissimo Capital Management's proposal for an independent probe into the firm's annual shareholder meeting (AGM) last year, two sources said.

Tractors and Farm Equipment Limited, the largest investor in AGCO Corp, on Tuesday again pressed the agricultural machinery maker to refresh its board and consider strategic alternatives as it risks falling further behind its rivals.

The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden's nominee to lead the agency promised to provide "guidance and clarity" to the rapidly evolving market.

SpaceX is building a new factory in Texas for its satellite-based broadband service Starlink, according to a job posting from the company, as billionaire entrepreneur Elon Musk continues to invest in the southern U.S. state.

General Motors and Toyota Motor employees in Texas will keep face masks on at work, the automakers said on Tuesday, even as the US state lifted most of its coronavirus-related restrictions allowing businesses to reopen at full capacity as of next week.

The billionaire hedge fund manager Thomas Sandell has paid US$105 million in back taxes and damages to settle charges he defrauded New York state and New York City out of taxes on a decade's worth of fees, officials said on Tuesday (Mar 2).

Boeing has raised concerns over the design of arch-rival Airbus' newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks.

TOKYO: Japanese billionaire Yusaku Maezawa on Wednesday (Mar 3) launched a search for eight people to join him as the first private passenger on a trip around the moon with Elon Musk's SpaceX. He had originally planned to invite artists for the week-long voyage slated for 2023. The rejigged ......

A group of state treasurers are pressuring Marathon Petroleum to end a lockout at a Minnesota refinery that has left 200 union members out of work for two months, according to a Tuesday letter the officials sent to the company.