Markets

BEIJING: Sina Corp, the owner of media social platform Weibo, said on Monday (Jul 6) it had received a go-private offer of US$41 per share in cash from a holding company led by its Chief Executive Officer Charles Chao. The transaction stands at a value of about US$2.7 billion,...

The Trump administration on Monday released the names of hundreds of thousands of businesses which took money from a high-profile US$660 billion pandemic aid program, letting the public see for the first time how the majority of the cash was spent and whether it helped save jobs.

Wall Street's main indexes were set to open higher on Monday, with the Nasdaq eyeing another record level, as bets on China leading the revival from a coronavirus-driven downturn helped investors look past a surge in new cases of COVID-19 at home.

US services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 pandemic levels, but a resurgence in coronavirus cases that has forced some restaurants and bars to close again threatens the emerging recovery.

U.S. sanctions designed to restrict the ability of China's Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, Britain's culture minister said on Monday.

The Federal Reserve Bank of Boston said on Monday the Main Street Lending Program is now fully operational and ready to purchase eligible loans.

JAKARTA: Indonesia's Lion Air Group is slashing 2,600 jobs as the coronavirus pandemic hammers Southeast Asia's biggest carrier, a company spokesman said on Monday (Jul 6). The layoffs - about 9 per cent of the airline's 29,000 employees - would mainly affect contract workers, it said. The job ...

Wall Street's main indexes were set to open higher on Monday, with the Nasdaq eyeing another record level, as bets on China leading the revival from a coronavirus-driven downturn helped investors look past a surge in new cases of COVID-19 at home.

SAO PAULO: Gol Linhas Aereas Inteligents will tap its loyalty program to get a cash advance of 1.2 billion reais (US$225.81 million), the company said on Monday, as airlines worldwide continue to struggle financially due to the pandemic. The deal will work through advanced ticket sales, trips ...

Brazilian health insurer Hapvida said in a securities filing on Monday it has suffered a cyber attack potentially involving access to the personal information of its customers.