Markets

Roku Inc's high-flying stock tumbled 15per cent on Monday after Morgan Stanley downgraded the video streaming company, warning that revenue and profit growth could slow next year.

U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials gather this week to weigh production curbs.

The head of the Federal Aviation Administration will testify Dec. 11 before a U.S. House panel on the agency's review of the grounded Boeing 737 MAX involved in two fatal crashes in five months.

The United Auto Workers (UAW) union said on Monday it would implement stringent changes to its financial procedures and processes in response to a widening corruption probe from U.S. prosecutors.

LONDON: Union members on one of Britain's busiest railway networks walked out on Monday (Dec 2), on the first day of a planned 27-day strike that could affect hundreds of thousands of commuters. The Rail, Maritime and Transport (RMT) stopped work on lines run by South Western Railway, which ......

U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record US$11.6 billion in online sales on Thanksgiving and Black Friday.

WASHINGTON: US factory activity contracted further in November amid a slump in new orders while construction spending unexpectedly fell, offering cautionary notes on an economy that had recently shown signs of growing at a moderate pace. The reports on Monday (Dec 2) came on the heels of upbeat ...

SINGAPORE: Netflix, The Walt Disney Co, Formula One Group and ONE Championship. These industry heavyweights are among 11 members of a new media advisory council that  Singapore expects will give it valuable input and help it assess key trends in the industry. The Media International Advisory ...

LONDON: European and Asian stock markets were mixed on Monday (Dec 2) as investors cheered a surprise jump in Chinese factory activity, but were chilled by fresh US tariffs on Argentina and Brazil. On oil markets, crude prices rebounded from last week's sharp losses after Iraq said top producers ......

New European Central Bank President Christine Lagarde asked EU lawmakers on Monday to give her time to learn the ropes of her new job and reshape the ECB's monetary policy.