Markets

A South Korean independent panel created to review prosecution probes has decided to recommend that prosecutors cease investigating Samsung Electronics vice chairman Jay Y. Lee over an allegation of unlawful use of a prescription sedative, a prosecution official said on Friday.

U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well.

NEW YORK: WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition, in a deal that values it at US$9 billion, the office-sharing startup said on Friday (Mar 26). It marks a steep drop from the US$47 billion that WeWork was valued for a listing...

BEIJING: China said on Friday (Mar 26) it would hike duties on Australian wine imports for up to five years, as relations sour between Beijing and Canberra. The levies range from 116.2 per cent to 218.4 per cent, China's commerce ministry said in a statement, adding they will take effect...

China's top ride-hailing app Didi Chuxing has dropped H&M from its listings, joining a backlash over comments made by the Swedish fashion retailer last year about labour conditions in Xinjiang province.

FUKUSHIMA, Japan: When Olympic torch runners came to Fukushima city on Friday (Mar 26), Masahiro Abiko went out to cheer them with his employees, hoping the Games will reinvigorate his coronavirus-battered business making flags and festival attire. "Ever since the onset of the coronavirus pandemic ...

U.S. stock index futures edged higher on Friday as investors bought undervalued energy and bank stocks betting on what is expected to be the fastest economic growth since 1984, while awaiting inflation data later in the day.

DBS Group Holdings on Friday said it was appointing senior civil servant Chng Kai Fong as a new non-executive director to the boards of DBS Holdings (DBSH) and DBS Bank.

WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp that values the office-sharing startup at US$9 billion including debt, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Insurance companies have spent US$17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers US$15 billion in business a year, according to a Reuters analysis of campaign contributions, company financial statements and ...