Markets

European planemaker Airbus will pay 3.592 billion euros (US$3.98 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, France's financial prosecutor said on Friday.

Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this month in a Reuters poll, despite world share markets struggling on the coronavirus breakout.

Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of US$10.4 billion related largely to a deepwater Gulf of Mexico project, shale gas assets in Appalachia and the Kitmat LNG project in Canada.

EU industry chief Thierry Breton on Friday welcomed U.S. comments on the bloc's decision not to issue an outright ban on Chinese telecoms equipment maker Huawei, while showing no signs of any change in the EU's stance.

Widely blamed for volatile "flash crashes" in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.

Exxon Mobil Corp reported a 5.2per cent drop in fourth-quarter profit on Friday, hit by weaker margins in its refining and chemical business.

Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.

Oil prices will remain supported near current levels this year as persistent geo-political risks and OPEC-led output curbs help offset growing supply from other producers, a Reuters poll showed on Friday.

Nearly 140 governments have agreed to launch a rewrite of decades-old cross-border tax rules for the digital age over the coming months, the Organization for Economic Cooperation said on Friday after talks this week in Paris.

SINGAPORE: Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31). Speaking at the the association's spring festival lunch, he said there could be more than 30 projects with 9,000 new ...