Markets

SYDNEY: Australia will extend record stimulus spending into next year, the government announced on Tuesday (Jul 21), outlining multi-billion-dollar measures to shield the labour market from the ravages of the rolling coronavirus crisis. Prime Minister Scott Morrison said that supplements both to ...

SINGAPORE firms are planning to invest in supply chain digitisation and lean into their intra-regional partners to build future resilience, according to survey findings from HSBC released on Tuesday.

SINGAPORE: Southeast Asian low-cost carriers, a key growth engine for planemakers and leasing companies for a decade before the pandemic, are faltering financially as demand plunges, raising questions over whether they can replace and double their fleets. Auditors for Malaysia's AirAsia Group and ...

Asian shares advanced on Tuesday as prospects of a deal by European Union leaders to jointly fund recovery of their economies and hopes for a coronavirus vaccine lifted risk appetite.

International Business Machines Corp beat estimates for second-quarter profit on Monday and signalled that demand in its cloud computing business would get a boost as large corporations accelerate their digital shift due to the coronavirus crisis.

LONDON: Britain's finance ministry on Monday proposed giving the City's watchdog new powers to regulate crypto assets like bitcoin, and also outlined a crackdown on misleading sales literature bombarding consumers over the internet. Currently any firm authorised by the Financial Conduct Authority ...

Oil prices were little changed on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases.

Logitech International reported a more than 75per cent increase in non-GAAP operating income in its first quarter as rise in homeworking boosted demand for its webcams, video conferencing products and headsets during the coronavirus lockdowns.

TOKYO: Japan's budget for next fiscal year will not set a spending cap on requests aimed at fighting the COVID-19 pandemic, the finance minister said, suggesting the heavily indebted government would ramp up efforts to revive the coronavirus-battered economy. The government would ask ministries to ...

WASHINGTON: ABC News, a Walt Disney Co unit, has sacked senior executive Barbara Fedida after an independent investigation alleged she had made racially insensitive comments and used inappropriate language, according to a company email. Fedida also managed in a rough manner and would not return to ...