Markets

Costco on Thursday reported quarterly revenue below Wall Street estimates, as the U.S. hypermarket chain struggled to lure shoppers in a competitive grocery space, sending its shares down about 2 per cent in extended trading.

Tesla's stock dropped 6per cent on Thursday after the electric car maker's quarterly deliveries underwhelmed investors already concerned about slowing revenue growth and ongoing losses.

Some London Stock Exchange investors have told Hong Kong Exchanges and Clearing (HKEX) that any bid must contain more cash and be up to 20per cent higher to persuade them to engage, three shareholders and a banking source close to the deal said.

The United Auto Workers union said on Thursday it has made "significant progress" in contract talks with Ford Motor, even as a strike at General Motors is in its third week.

When the little known Ken Murphy takes over next year as CEO of Tesco , Britain's biggest retailer, he will inherit something current boss Dave Lewis did not have the luxury of when he joined in 2014 - a strategy and a stable business.

The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe of their marketing practices.

China is changing its economic model, shifting its sources of fuel, developing new transportation systems, and embracing eco-friendly urbanisation, says Stephen S Roach.

TOKYO: Japan's "overly restrictive" drug pricing policies risk diverting foreign direct investment to China and other markets, the chief executive of Bristol-Myers Squibb said on Thursday (Oct 3). The Japanese government made reforms in 2018 that change how its national health system pays for new ...

Chinese video app TikTok said on Thursday it would not allow paid political ads on its platform as they do not fit into the experience it aims to provide to millions of its users.

Consumers often still want to touch, feel or try a product before making a purchase, says Anthony Dukes.