Markets

Invincible (BBCM) and Kim's Place Seafood Restaurant are the first two food and beverage outlets to be charged by the Urban Redevelopment Authority for breaching COVID-19 regulations.

BEIJING: China is expected to use 6 per cent to 7 per cent more electricity in 2021 than last year, the China Electricity Council (CEC) forecast on Tuesday (Feb 2), despite concerns over a new coronavirus outbreak disrupting industrial activity. China, the world's second biggest economy, used 7.51 ...

Ford Motor Co will invest US$1.05 billion in its South African manufacturing operations including upgrades to expand the production of its Ranger pickup truck, the U.S. automaker said on Tuesday.

Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings lost 26per cent and 13per cent, respectively, in early pre-market trading on Tuesday.

LONDON: BP reported on Tuesday (Feb 2) a huge US$20.3 billion net loss for last year, despite a slender fourth-quarter profit, as the coronavirus pandemic ravaged global energy demand. The loss contrasted sharply with net profit of US$4 billion in 2019, the British energy major said, adding that ...

Siemens Energy has received a lawsuit filed by rival General Electric accusing a unit of the German firm of using stolen trade secrets to rig bids for gas turbine contracts and cover up improper business gains of more than US$1 billion.

SINGAPORE: There is “no indication” thus far that Singapore’s critical information infrastructure and Government systems have been adversely affected by the hacking of American software maker SolarWinds, said Minister for Communications and Information S Iswaran on Tuesday (Feb 2). Even so, the ...

BP's fourth quarter profit sank to US$100 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic, it said on Tuesday.

BP's fourth quarter profit sank to US$100 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic, it said on Tuesday.

SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global rate - the Libor - could be pushed to mid-2023.