Markets

The U.S. government on Monday said it may slap punitive duties of up to 100per cent on US$2.4 billion in imports of French Champagne, handbags, cheese and other products, after concluding that France's new digital services tax would harm U.S. tech companies.

The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential US$1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday.

SINGAPORE: Cosmetics retailer Sasa International announced on Monday (Dec 2) that it will close all 22 stores in Singapore. About 170 employees will be affected by the decision, the company said in its statement, adding that they will be "fully compensated" according to local employment laws and ...

Cyber Monday sales were on course to bring in a record US$9.4 billion, according to early estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.

WASHINGTON: T-Mobile said on Monday (Dec 2) it became the first to launch 5G wireless service across the United States, although it will be slower than some expect for the new generation of connectivity. The number three US carrier said its 5G network covers 200 million people and "goes through...

The U.S. government on Monday said it could slap additional duties of up to 100per cent on US$2.4 billion in French imports of Champagne, handbags, cheese and other products, after concluding that a new French digital services tax would harm U.S. tech companies.

WASHINGTON: US President Donald Trump on Monday (Dec 2) announced plans to reimpose tariffs on steel and aluminium from Brazil and Argentina, hitting back at what he called their "unfair" policies. The move appeared to surprise his Brazilian counterpart, Jair Bolsonaro, who considers himself an ...

U.S. President Donald Trump's surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro's aim of forging closer ties with Washington and could push Latin America's No. 1 economy closer to Trump's top trade foe - China.

Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago.

CNH Industrial truck unit Iveco on Monday joined the alternative propulsion party as it unveiled its first electric vehicle, which it will build in partnership with U.S. startup Nikola Motor Co.