Markets

Virgin Galactic Holdings Inc shares surged 24per cent on Tuesday, extending a rally since early December to over 400per cent and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought.

U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains.

SAN FRANCISCO: Facebook Inc is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than US$9 billion (6.9 billion pounds) linked to its decision to shift profits...

A global reform of the taxation of corporate digital revenues is very unlikely if the United States continues backing a "safe harbour" plan which would allow firms to choose how to be taxed, European Union tax commissioner Paolo Gentiloni said on Tuesday.

U.S. President Donald Trump on Tuesday blasted proposals that could restrict U.S. companies' ability to supply jet engines and other components to China's aviation industry and said he had instructed his administration to prevent such moves.

Shares of Alstom SA and Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival's rail division for up to 6.2 billion euros (US$6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.

The Brazilian telecoms regulator preparing to auction bandwidth for fifth-generation (5G) mobile data said any decision on the security risks of using Chinese technology will ultimately be taken by the president's national security advisor.

MOSCOW: A Russian firm is suing France's right-wing party led by Marine Le Pen to recover outstanding debt on a loan made years earlier, court documents seen by Reuters show. Le Pen's Rassemblement National, formerly known as the National Front, took out a 9-million-euro loan at the First Czech...

Vodafone and Telecom Italia (TIM) have offered to give rivals access to some of their infrastructure for up to nine years to allay EU antitrust concerns over plans to merge their tower units, according to a document seen by Reuters.

As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.