Markets

The U.S. unemployment rate hit a record low of 3.5per cent a year ago, but that bit of history comes with a footnote.

SINGAPORE: Singapore’s tourism sector experienced its “toughest year on record” in 2020 due to unprecedented global travel restrictions and border closures amid the COVID-19 pandemic, said the Singapore Tourism Board (STB) on Monday (Feb 1). Visitor arrivals plummeted 85.7 per cent to 2.7 million ...

Arguably the last thing new U.S. Treasury Secretary Janet Yellen wants to take up during her first days in office is a financial market imbroglio involving one of her last private sector business relationships.

TOKYO: Japanese companies from retail giant Aeon to auto-parts maker Denso scrambled to assess the turmoil in Myanmar on Monday (Feb 1) after a coup in the country once feted as Southeast Asia's last big frontier. The Myanmar military seized power against the democratically elected government of ...

LONDON: Exuberant share valuations and rock-bottom borrowing costs made it a bumper January for dealmakers in the equity as well as debt space, data shows, with global bond sales topping US$600 billion and IPOs more than doubling on the year. World stocks had stepped back off record highs on...

EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone maker Apple to pay 13 billion euros (US$15.7 billion) in Irish back taxes, in a filing to have the verdict overturned.

EU antitrust regulators will decide by March 5 whether to clear Microsoft's US$7.5 billion acquisition of ZeniMax Media, the U.S. tech giant's biggest gaming acquisition to better compete with Sony Corp's PlayStation.

DUBLIN: Ryanair expects to lose close to 1 billion euros (US$1.2 billion) in its current financial year, by far its worst ever performance, but Chief Executive Michael O'Leary forecast a "dramatic recovery" this summer on vaccine roll-outs. The Irish low-cost airline, Europe's largest ...

Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings jumped 6.4per cent and 18.4per cent, respectively, in early pre-market trading on Monday.

Japan Airlines said Monday it forecasts a larger-than-expected annual net loss of nearly $2.9 billion, as the aviation industry continues to struggle from the fallout of the coronavirus pandemic.