Markets

Saudi Arabia's largest and longest debt saga, fueled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about US$14 billion in claims related to the collapse of two business empires a decade ago.

South Korean panel maker LG Display Co Ltd will halt domestic production of liquid-crystal display (LCD) TV panels by the end of this year, its chief executive said on Monday, due to dropping LCD prices and a global supply glut.

Goldman Sachs Group Inc said on Tuesday it renamed its main business units ahead of its quarterly results next week, as part of the Wall Street bank's efforts to provide greater transparency for investors into its financial performance.

BUENA PARK, California: The parents of a child who was crushed to death by a dresser from IKEA will receive a US$46 million settlement. The settlement was announced on Monday (Jan 6) by attorneys representing Craig and Joleen Dudek, whose 2-year-old son Josef died in May 2017 when he was trapped...

India has informally asked palm oil refiners and traders to avoid buying Malaysian palm oil, government and industry sources said on Tuesday (Jan 7), following Malaysian criticism of India's actions in the Kashmir region and its new citizenship law.

Italian luxury carmaker Ferrari has become the latest manufacturer to join the European carmakers' association (ACEA), the auto lobby said on Tuesday.

LAS VEGAS: A Samsung lab on Tuesday (Jan 7) unveiled a digital avatar it described as an AI-powered "artificial human", claiming it is able to "converse and sympathise" like real people. The announcement at the opening of the 2020 Consumer Electronics Show (CES) touted a new kind of artificial...

Philippine President Rodrigo Duterte has threatened a government takeover of the capital's water services unless its two private utilities accept a new contract, his spokesman said Tuesday, an ultimatum experts warned could spook investors.

Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on Tuesday in a milestone for the company's new Shanghai "giga-factory", but which comes as sales decelerate in the world's largest electric-vehicle market.

Ousted Nissan Motor Co Ltd boss Carlos Ghosn is set to hold on Wednesday his first live news conference since his arrest in November 2018 on financial misconduct charges, saying his escape from Japan has meant he can communicate "freely".