Markets

China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan (US$7 billion to US$8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.

HONG KONG: Starbucks has emerged as the latest brand to fall foul of Hong Kong's protesters after a family member of the local restaurant chain that owns the local franchise spoke out against demonstrators. Multiple branches were covered with graffiti over the weekend as the city convulsed with ...

THE IT supply chains for the banking industry are increasingly being targeted and exploited by cyber criminals, and to that end, financial institutions should be conducting source code reviews, system integrity checks, and network anomaly detection, among other things, to mitigate these risks.

China's manufacturing sector showed unexpected signs of improvement with two indexes showing Monday that manufacturing activity edged up in September, despite ongoing trade pressure with the US.

China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan (US$7 billion to US$8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

Morgan Stanley and Bank of America Corp are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and employees.

General Motors Co and the United Auto Workers (UAW) will continue talks on a new labor deal on Monday after they were unable to agree on a contract over the weekend, the union said.

Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.

LOS ANGELES: Struggling fashion retailer Forever 21 said on Sunday (Sep 29) it has filed for Chapter 11 bankruptcy protection to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition. The company said it plans to exit ...