Markets

Citigroup asked a US judge on Tuesday to freeze funds it mistakenly sent Revlon Inc creditors amid a lawsuit over one of the largest clerical errors by a bank in years.

The S&P 500 hit a record high on Tuesday, thanks largely to months of outperformance from Amazon and other heavyweight technology companies viewed by investors as likely to emerge from the coronavirus crisis stronger than smaller rivals.

SINGAPORE: Companies must maintain a "local workforce" of more than 10 employees if they wish to enjoy the Jobs Growth Incentive (JGI) for the full 12 months, Manpower Minister Josephine Teo said on Tuesday (Aug 18).  The incentive was announced by Deputy Prime Minister Heng Swee Keat on Monday ...

Accor has been downgraded to junk status by ratings agency S&P Global, a decision set to cost the company around 30 millions euros in additional interest payments, as travel restrictions dim the outlook for the operator of Ibis and Sofitel hotels.

Mexico's president on Tuesday said he would try to revoke a "100-year" concession from the company running the major port of Veracruz in the Gulf of Mexico, apparently referring to a unit of Hong Kong's CK Hutchison Holdings Limited .

The S&P 500 index hit an all-time high on Tuesday, completing its recovery from the stock market crash after the onset of the coronavirus crisis in February.

Nigeria's oil ministry will present a long-awaited oil and gas reform bill to the president in the coming days aimed at boosting output and attracting foreign investment, three sources close to the negotiations told Reuters.

SINGAPORE: After leaving travel company ezeego1 last February, Norman Chew was able to get through the year doing freelance consultancy work, organising tours and conducting interviews for a research team at the National University of Singapore (NUS). The travel industry veteran in his 50s got a ...

Toyota Motor Corp will offer its cars in India on leases or shorter-term subscriptions, hoping to tap growing demand for private transport as travelers cut down on communal journeys in the COVID-19 pandemic.

Canadian Prime Minister Justin Trudeau on Tuesday will tap Deputy Prime Minister Chrystia Freeland, a former journalist and his most trusted ally, to be his new finance minister after Bill Morneau resigned, Canadian media reported.