Markets

Finnish telecom networks maker Nokia Oyj said on Wednesday it has agreed to acquire privately-held U.S.-based company Elenion Technologies to boost its optical networking business and broaden its offering to telecoms operators.

Deutsche Telekom is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US unit to take over Sprint is within reach.

Qatar Airways has bought a US$600 million stake in British Airways-owner IAG to increase its holding to 25.1per cent, strengthening its position ahead of a change in IAG management.

German sportswear makers Adidas and Puma have both warned that the coronavirus outbreak was hurting their business in China due to store closures and fewer Chinese tourists travelling and shopping in other markets.

Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.

Citi and Deutsche Bank have started talks with other banks to sell roughly US$9 billion in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday.

BANGKOK: Thailand is preparing new measures to help the economy cope with the aftermath of the coronavirus, the finance minister said on Wednesday (Feb 19). The new measures - which the cabinet is expected to vote on this month - will be substantial enough to boost consumption, tourism and...

SINGAPORE: Another investor has come calling on embattled water treatment firm Hyflux. This time, a Singapore-based company called Longview International Holdings has expressed interest in investing in Hyflux together with a joint venture partner from China. Hyflux, which announced this in a ...

Renault's shares fell on Wednesday after credit rating agency Moody's cut its rating on the French carmaker's debts to "junk" status.

RIDE-HAILING firm Grab and insurer Chubb are providing driver-partners and delivery-partners a free insurance benefit effective Wednesday until March 19.