Markets

NEW YORK: The U.S. government will strictly enforce a rule that requires cryptocurrency firms engaged in money service businesses such as digital asset exchanges and wallet service providers to share information about their customers, Kenneth Blanco, director of the Financial Crimes Enforcement ...

WeWork is facing scrutiny from the U.S. Securities and Exchange Commission over whether the company violated financial rules in the run-up to its canceled initial public offering, Bloomberg reported on Friday, citing two people with knowledge of the matter.

Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to become one of the world's most valuable companies.

United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights until Mar 4, joining US peers who are also scheduling without the aircraft until early March as the jet awaits approval to fly again.

Britain's opposition Labour Party says if it wins the Dec. 12 election it will nationalise BT's broadband network and provide free internet for all within a decade, a radical election pledge to roll back decades of private ownership.

Electronic Arts Inc launched "Star Wars Jedi: Fallen Order" on Friday, garnering strong reviews for its flagship action-adventure series that is crucial to its holiday sales, after the videogame publisher shelved "NBA Live" game.

JC Penney Co Inc on Friday reported a smaller-than-expected quarterly loss, as the struggling retailer benefited from lower advertising expenses and an increase in margins, sending its shares up nearly 14per cent.

Volkswagen will invest 60 billion euros (US$66.12 billion) until 2024 to develop electromobility and digital technologies, the multi-brand car and truckmaking group said on Friday.

US-China trade talks are set to continue with a telephone call on Friday as both sides seek to hammer out a phase one trade pact, U.S. Commerce Secretary Wilbur Ross said, adding that progress was being made on the agreement's details.

Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite.