Markets

Bitcoin dropped 5.84per cent to US$43,418.02 on Sunday, losing US$2,691.96 from its previous close.

Saudi Aramco has asked banks to extend by a year a US$10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt for the time being.

Bitcoin fell to its lowest since Feb. 8 in thin on Sunday, down 3.7per cent from Friday's close as the pullback from a record high near US$60,000 continued.

Volkswagen unit Porsche is participating in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros (US$157 million-US$181 million), its owner Mate Rimac told weekly Automobilwoche.

BEIJING: China's factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disruptions earlier in the year. The official manufacturing Purchasing Manager's Index (PMI) fell to 50 ...

SAN FRANCISCO: Lauren Foundos has excelled at just about everything she has put her mind to, from college sports and Wall Street trading to her Forte startup that takes workouts online. Being a woman in the overwhelmingly male world of venture capital was still a barrier – but, like many other...

Pin-up photos and smutty jokes have long been commonplace on trading floors, but the finance world is gradually opening up to women – underlined by the arrival on Monday of Jane Fraser at the head of Wall Street banking flagship Citigroup.

WASHINGTON: The US economy is rebounding faster than expected from the COVID-19 recession, outperforming the most pessimistic estimates. But some areas remain largely shut down. So what will recovery look like? HOW FAST WILL THE ECONOMY GROW? The International Monetary Fund estimates the GDP of ...

Online brokerage Robinhood, at the centre of this year's retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported late on Friday, citing sources.

WASHINGTON: The United States on Saturday (Feb 27) authorised Johnson & Johnson's COVID-19 vaccine for emergency use, giving the nation a third shot to battle the outbreak that has killed more than 500,000 Americans. The single-shot vaccine is highly effective in preventing severe COVID-19 ...