Markets

Renewed COVID-19 lockdowns are pushing Air France-KLM deeper into the red, the airline group warned on Thursday, as it chalked up a 7.1 billion euro (US$8.5 billion) net loss for 2020 and postponed a key mid-term profitability goal.

Credit Suisse on Thursday posted a 22per cent fall in 2020 net profit as a 757 million franc hit from legal charges placed Switzerland's second-largest lender in the red for the final three months of the year.

In the darkest moments of the past year, Stephanie Dua, co-founder and president of HOMER, a New York City-based online learning program, turned to early lessons on hard work and optimism she learned on her father’s almond and walnut farm.

China's Baidu Inc reported quarterly revenue above Wall Street expectations on Wednesday, bolstered by a rise in advertising on its core search and video-streaming platforms in an economy that is recovering from the pandemic-induced slump.

The U.S. Securities and Exchange Commission is considering whether to require more transparency of short-selling, the Wall Street Journal reported on Wednesday, after last month's social media-driven rally in a handful of stocks like GameStop Corp. The regulator will also examine the network of ...

Athene Holding Ltd has expressed interest in buying a 19.9per cent stake in American International Group Inc's life and retirement business, Athene's chief executive, Jim Belardi, told Reuters on Wednesday.

Wall Street hedge fund managers, the chief executives of Robinhood and Reddit and a YouTube streamer known as Roaring Kitty on Wednesday defended their roles in GameStop's Reddit-fuelled stock rally before they face a grilling by lawmakers. They insisted that while the market turmoil around the ...

Oil prices rose as much as a dollar on Thursday, extending this week's gains and hitting 13-month highs, as a cold snap sweeping Texas and surrounding regions shut at least a fifth of U.S. refining output and a million barrels of crude production.

Chinese shares rose on Thursday during the first trading session after the week-long Lunar New Year holiday amid renewed optimism for an acceleration in global growth, but other Asian markets were hit by profit-taking.

Baidu has appointed a chief executive officer and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding Group, the Chinese search engine giant said on Thursday.