Markets

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand.

TOKYO: Japan's household spending fell at the fastest pace on record in May as consumers heeded authorities' calls to stay home to contain the coronavirus pandemic, pushing the world's third-largest economy deeper into decline. The large spending drop will add to growing pressure on policymakers ...

The chief executives of Amazon.com , Apple , Alphabet's Google and Facebook will appear before a U.S. House of Representatives panel on July 27, the committee said in a statement on Monday.

Asian markets looked set to rise on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent U.S. services industry, brushing off worries about a spike in U.S. coronavirus cases.

United Airlines said on Monday it was further expanding its international schedule in September by bringing back service between Chicago and Hong Kong and Los Angeles and Sydney, and adding new nonstop flights between Chicago and Tel Aviv.

AMTD Digital is looking to acquire a controlling stake in Singapore-based one-stop Quick Response (QR) code payment aggregator and payment gateway provider FOMO Pay, the two companies announced in a joint statement on Monday.

Cruise industry rivals are teaming up in an effort to sail again.

Shares of Tesla surged 10per cent to a record high on Monday, extending their rally to nearly 40per cent in five sessions after analysts raised their price targets on the electric car maker following its strong quarterly deliveries.

Private equity firm KKR & Co Inc said on Monday it had hired former Danaher Corp executive Dan Daniel to bolster its team that focuses on acquiring and operating industrial businesses in the United States.

Uber Technologies Inc's plan to buy Postmates Inc could pose problems in Miami and Los Angeles where the two dominate the food delivery market, according to antitrust experts who said it would be difficult to set up an asset sale to resolve the issue.