Markets

KUALA LUMPUR: Malaysia has rejected an offer from Goldman Sachs of less than US$2 billion in compensation over the 1MDB scandal, Prime Minister Mahathir Mohamad told the Financial Times on Friday (Nov 1), compared with its publicly stated demand of US$7.5 billion. The Southeast Asian nation has ...

The controversial process of "fracking" will be halted in England due to the risks of triggering earthquakes when trying to tap shale gas reserves, the British government announced Saturday.

Wall Street stocks surged to fresh records on Friday (Nov 1) following good US jobs data and positive comments from officials about progress on a partial trade deal with China.

California Governor Gavin Newsom said he will convene a meeting of PG&E shareholders and executives in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.

PEOPLE have a love-hate relationship with the futures markets. Futures are either financial drivers of rapid economic growth, turbocharging small amounts of capital to outflank entrenched barriers to innovation, or - to a populist - they are demonic pits where speculators manipulate prices and corrupt honest real...

UNITED Overseas Bank (UOB) beat market estimates with an 8 per cent rise in third quarter net profit to S$1.12 billion from S$1.04 billion a year ago, boosted in part by a robust showing from its wealth management unit.

California Governor Gavin Newsom said he will convene a meeting of PG&E shareholders and executives in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.

Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.

WASHINGTON: Google agreed Friday to buy Fitbit for US$2.1 billion in a move giving the US tech giant a fresh entry in the wearable technology space and helping it ramp up its challenge to Apple. The deal for one of the top makers of fitness trackers comes with the internet...

ESPN and Formula One signed a new three-year deal to continue to broadcast races in the United States, the all-sport network said on Friday.