Markets

WeWork's junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer had yet to deliver on a plan to buy US$3 billion of stock from existing shareholders.

The computer network of Australia's parliament was hacked earlier this year and data was stolen from the computers of several elected officials, the Australian Broadcasting Corp reported.

Amazon.com Inc will protest a recent cloud computing contract award given to Microsoft Corp by the Pentagon, The Wall Street Journal reported on Thursday.

The 50 attorneys general investigating advertising practices at Alphabet Inc's Google are planning to expand their antitrust probe into the unit's flagship search and Android businesses, CNBC reported on Thursday, citing people familiar with the matter. (https://cnb.cx/376FVQo)

Nvidia Corp forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in demand for its gaming cards used in personal computers and laptops.

RON Sim's V3 Group is believed to be in talks with stored-value card operator EZ-Link, property group Far East Organization and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.

THE Monetary Authority of Singapore (MAS) has slapped a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

OCBC Bank and Standard Chartered have completed Singapore's first overnight indexed swap derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark, paving the way for further adoption of the alternative rate.

NEW YORK: The S&P 500 on Thursday (Nov 14) rose to its second straight record close on an otherwise subdued day for Wall Street marked by concerns about slowing global growth and stalled trade talks. Markets got encouraging signals from Federal Reserve Chairman Jerome Powell, who in his second day...

Nvidia Corp forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in demand for its gaming cards used in personal computers and laptops.