Markets

Swiss watchmaker Swatch Group said Thursday profits dwindled last year as sales in one of its biggest markets Hong Kong took a beating amid months of sometimes violent pro democracy protests.

A Ugandan government move to require foreign-owned telecom firms to list on the local bourse may fail to achieve its goal of boosting Ugandan ownership in the sector, MTN Uganda's chief executive told Reuters on Thursday.

India's Tata Motors Ltd reported a quarterly profit on Thursday, compared with a year-earlier loss, as the maker of British luxury car brands Jaguar and Land Rover kept a tight lid on costs.

SINGAPORE: The Wuhan coronavirus will cause current economic uncertainties to escalate, but Singapore's economy is prepared to weather the impending financial impact, said Manpower Minister Josephine Teo on Thursday (Jan 30).  Speaking at a media interview, Mrs Teo said that there were already ...

Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros (US$6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.

Nintendo Co Ltd said on Thursday third-quarter operating profit rose 6per cent, driven by Switch console sales in the year-end shopping season, but the earnings fell below market expectations.

BT said Britain's decision to limit Huawei's role in building 5G and fibre networks would increase the cost of its gigabit-communications plan by about 500 million pounds (US$657 million) over five years.

SINGAPORE: A notice circulating online that claims the closure of Fitness First Singapore outlets due to the Wuhan virus outbreak is "bogus", the gym chain said on Thursday (Jan 30). "It has come to our attention that a bogus notice has been circulating through various messaging apps claiming that ...

China and Hong Kong appear to be the worst hit in the short-term, but the overall economic cost may be less than SARS, says Mark Humphery-Jenner.

Avast Plc said on Thursday that will it not be providing data to its Jumpshot data analytics business anymore, a day after the cybersecurity company said it was reviewing options for the division following reports of data privacy concerns.