Markets

SHANGHAI/BEIJING: U.S. electric vehicle maker Tesla Inc is "very close" to Level-5 autonomous driving technology, its chief executive, Elon Musk, said on Thursday. Musk added that he was confident Tesla would attain basic functionality of the technology this year, in remarks made via a video ...

HONG KONG: China has punished video platforms including Alibaba-backed Youku and Baidu-backed iQiyi for carrying "low taste" content in a renewed effort to clean up the Internet, a pornography watchdog said. Authorities have outlawed more than 12,000 websites and deleted 8.4 billion pieces of ...

U.S. buyout fund Bain Capital said on Thursday it had extended its deadline for a US$1 billion buyout offer for Japanese nursing home operator Nichiigakkan Co for a second time.

Alphabet Inc's Google said on Wednesday it has shut down its cloud project named "Isolated Region" and added that it was not weighing options to offer its cloud platform in China.

BANKING veteran Kenneth Lai was appointed as OCBC’s new head of global treasury effective on Oct 1, in an internal appointment that is part of the bank's leadership renewal.

TikTok's exit from Hong Kong was met with a shrug among many locals who distrust the Chinese social media platform, but the app had been embraced by many foreign domestic workers as a way to creatively escape the drudgery of their toil.

Ford Motor Co said on Thursday that its China vehicle sales rose 3per cent between April and June this year from a year earlier to 158,589 units.

MELBOURNE: Oil prices barely moved in early trade on Thursday as positive momentum from signs of a recovery in U.S. gasoline demand was tempered by concerns about renewed lockdowns with COVID-19 infections surging in the United States. U.S. West Texas Intermediate (WTI) crude futures were ...

TOKYO: The COVID-19 crisis has prompted Japan to ease regulations on remote medical treatment, creating an opening for tech companies and offering a glimpse of the future of healthcare in the world's most rapidly ageing society. As coronavirus cases spiked in April, Japan temporarily eased ...

The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.