Markets

Top Wall Street brokerages Goldman Sachs and Morgan Stanley downgraded their ratings on Tesla Inc saying the electric carmaker's shares were overpriced, two days after the high-flying stock crossed US$1,000 per share.

JAKARTA: Indonesia's State-Owned Enterprises Minister Erick Thohir said on Friday (Jun 12) he aimed to group units of state oil and gas company Pertamina into "sub-holdings" and launch initial public offerings within two years. Thohir is trying to revamp hundreds of Indonesian state companies to ...

BEIJING: Zoom has gained a following in China in recent months from users ranging from underground churches to feminists who saw it as a rare way to connect with the world beyond the reach of state censors. Some fear that window may be closing. On Friday, Zoom said it had suspended...

REUTERS: Pharmacy benefits manager Magellan Health Inc said on Friday it was the target of a ransomware attack in which customer information such as physical addresses and health insurance account details may have been leaked. The company, which discovered the attack on April 11, said it had no ......

German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday.

U.S. stock index futures surged about 2per cent on Friday, pointing to a quick rebound for Wall Street from its biggest one-day dive in about three months on fears of a resurgence in coronnavirus infections.

Two-thirds of Tokyo 2020's corporate sponsors are undecided on whether to continue supporting the Games now the event has been pushed to 2021, according to a new survey.

Aldi UK, the British arm of the German supermarket discounter, has extended its trial of grocery home deliveries in partnership with Deliveroo to London, it said on Friday.

Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday.

EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website.