Markets

BANGKOK: Low-cost carrier Scoot announced on Friday (Jun 26) that the board of directors of NokScoot has passed a resolution to liquidate the troubled airline.  NokScoot is a joint venture between Scoot and Thailand-based airline Nok Air.  NokScoot's shareholders will deliberate the same ...

U.S. auto sales are expected to continue their recovery in June following a collapse in April, as coronavirus-led lockdown restrictions ease and buyers slowly return to the market, industry consultants J.D. Power and LMC Automotive said.

SINGAPORE: A committee made up of landlords, tenants and industry watchers has been formed to discuss and develop a framework that would address ongoing issues around tenancy practices, the Singapore Business Federation (SBF) announced on Friday (Jun 26). Called the Fair Tenancy Pro Tem Committee ...

Tesco , Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report.

U.S. consumer spending rebounded sharply in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.

An outside panel in South Korea recommended that prosecutors should not indict Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Supreme Prosecutors' Office said on Friday.

PARIS: Britain, France, Italy and Spain suggested a "phased approach" to unblock global digital taxation talks in a joint letter to U.S. treasury secretary Steven Mnuchin last week, rebuffing his call for a pause in negotiations. Mnuchin's suggestion of a break has fuelled European concerns about ...

At the airport of Tarbes in France, row upon row of empty jets in liveries from Asia to Africa sit nose to tail on the tarmac, waiting out the coronavirus crisis in the foothills of the Pyrenees.

Futures tracking the S&P 500 were largely flat on Friday as investors digested a surprise quarterly loss for Nike and the Federal Reserve's move to limit shareholder payouts by banks amid a surge in new coronavirus cases.

German container shipping line Hapag-Lloyd said it had notified customers it will stop accepting cargoes of solid waste, including scrap metal, bound for China that arrive from Sept. 1 onwards to comply with new legislation.