Markets

U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world's largest telecommunications equipment maker.

WASHINGTON: Chinese tech giant Huawei was hit on Thursday (Feb 13) with fresh US criminal charges alleging a "decades-long" effort to steal trade secrets from American companies. A US indictment unsealed in New York alleges Huawei and its proxies conspired "to misappropriate intellectual property" ...

Canadian telecom operator Telus Corp will use Huawei Technologies Co Ltd's equipment to launch 5G network in the country later this year, the company's chief financial officer, Doug French, told the Financial Post.

The Philadelphia Energy Solutions oil refinery site will be sold for US$252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show.

SINGAPORE: As the Singapore economy takes a hit from the COVID-19 outbreak, the Government will help minimise any resulting retrenchments, Defence Minister Ng Eng Hen said. “Even as we deal with the viral outbreak, we must ensure that our economy can function to keep jobs and livelihoods for ......

A U.S. judge on Thursday granted Amazon.com Inc's request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-US$10 billion cloud computing deal.

The US-China Phase 1 trade deal slapped huge commitments on China yet did not remove many imposed tariffs and will be challenging to implement amid a coronavirus outbreak, says Bert Hofman.

Nvidia Corp on Thursday forecast first-quarter revenue above Wall Street expectations despite a hit of US$100 million from the coronavirus outbreak, sending its shares up nearly 7per cent in extended trading.

Venezuela's state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according to internal documents viewed by Reuters.

AS THE Covid-19 outbreak continues to rattle the region, Singapore banks have stepped in with relief measures to help businesses and retail customers.