Markets

German luxury car maker Daimler on Wednesday warned that its 2019 earnings before interest and tax slumped to 5.6 billion euros (US$6.2 billion) from 11.1 billion euros a year earlier.

DAVOS: Singapore on Wednesday (Jan 22) signed an agreement marking its partnership with the International Chamber of Commerce (ICC) and 17 international corporations in accelerating the adoption of digital technologies in trade and commerce.  The deal was signed at the ICC Trade Digitalisation ...

Boeing Co said on Wednesday it has agreed with Israel-based Tactical Robotics to explore development of a ducted fan propulsion technology with potential uses for piloted and autonomous light aircraft.

China's Tencent Holdings has launched a bid for Norwegian computer games-maker Funcom, valuing the Oslo-listed firm at 1.33 billion Norwegian crowns (US$148 million), the two companies said in a joint statement.

TOKYO: A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said. Lawyer Nobuo Gohara, a vocal critic...

A BlackRock-backed group aims to raise an initial US$500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.

BlackRock Inc has built a 5.12per cent stake in Toshiba Machine , a former Toshiba Corp subsidiary that has been targeted by Japan's most prominent activist investor, according to a regulatory filing by the U.S. asset manager.

ValueAct Capital Partners LP's founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund's president, Mason Morfit, the Financial Times reported on Wednesday.

South Korea's Hyundai Motor Co swung to a fourth-quarter profit from a loss a year earlier, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.

Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model.