Markets

U.S. stock index futures rose on Wednesday following a pullback on Wall Street in the previous session, as resilient fuel demand drove up oil prices, while investors remained on edge due to a stalemate over the next coronavirus federal aid bill.

Stock investor Zhu Haifeng halved his once-cherished holdings in Chinese tech giants Tencent and Alibaba after the United States announced on Friday sanctions against some Chinese firms in the latest escalation between the world's two top economies.

Shares of Next Digital Ltd tumbled over 40per cent on Wednesday after soaring more than 1,000per cent in the last two sessions, as the securities watchdog said it was monitoring trading activity in the Hong Kong media group.

Chinese gaming and social media giant Tencent Holdings Ltd said second-quarter net profit rose 37per cent, beating market estimates, on higher demand for its video games as coronavirus-related lockdowns kept people indoors.

Trade negotiators from the United States and China will discuss the implementation of the phase one trade deal in the coming days, with China likely to bring up issues surrounding TikTok and WeChat, Bloomberg News reported on Wednesday, citing sources.

Smartphone shipments in China plunged 35per cent in July compared with a year earlier, government data released on Tuesday shows.

SINGAPORE: Singapore state investment firm Temasek has joined hands with the impact investment arm of German pharmaceutical and chemical maker Bayer to form a company that aims to develop new varieties of vegetable seeds better suited for indoor vertical farms. The new company, Unfold, will be ...

LONDON: Britain's economy shrank by a record 20.4 per cent between April and June when the coronavirus lockdown was tightest, official figures published on Wednesday (Aug 12) showed. It was the largest contraction reported by any major economy so far, and a wave of job losses is set to hit...

Skechers has opened a new flagship store in Paris, on the city's well-known Rue de Rivoli, near the Louvre and other major tourist sites, the U.S. trainers and shoes company said on Wednesday.

SINGAPORE'S financial sector has created 22,000 net jobs between 2015 and 2019, and of these, three out of four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on Wednesday.