Markets

SINGAPORE: A “momentous” trade deal between superpowers China and the United States is the basis for the two countries to work together and develop strategic trust, Singapore’s Minister for Trade and Industry Chan Chun Sing said on Thursday (Jan 16). Described as a “Phase 1” deal, the agreement ......

Morgan Stanley reported a 53per cent rise in quarterly profit on Thursday, driven by strength in its bond trading and underwriting businesses.

U.S. stock index futures hovered near all-time highs on Thursday on optimism over an initial U.S.-China trade deal and a positive start to the fourth-quarter earnings season.

Southwest Airlines Co said on Thursday it would extend cancellations of 737 MAX flights through June 6, as the grounding of the Boeing Co jet threatens to hurt a second straight U.S. summer travel season.

U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market.

An expert committee on Thursday recommended the Federal Aviation Administration's require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes.

U.S. electric car maker Tesla plans to open a design and research center in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account.

Bank of New York Mellon Corp posted a 67per cent jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an equity investment.

Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV.

Chinese state media on Thursday warned against any "nitpicking" as Beijing portrayed the Phase 1 trade deal with United States and its new commitments to massive purchases of American goods as a boon for China's economy.