Markets

SHANGHAI: A prominent Chinese environmental group has called on chemicals multinationals to stop "cutting corners" by outsourcing business to Chinese suppliers that violate safety regulations after an investigation into a deadly explosion at a factory in March. In a new study, the Institute of ...

LONDON: Venture capital investors backed Immense Simulations, a British software company which creates interactive replicas of cities, on Tuesday in the latest sign of money pouring into firms that stand to gain from driverless vehicles becoming more mainstream. Immense Simulations raised US$4 ...

BEIJING: Huawei founder Ren Zhengfei struck a defiant tone on Tuesday (May 21) against US attempts to block his company's global ambitions, saying the US "underestimates" the telecom giant's strength. Ren spoke to Chinese state media days after President Donald Trump issued orders aimed at ...

FITCH Ratings has upgraded and affirmed its ratings assigned to a series of private-equity (PE) bonds offered by Astrea III and Astrea IV, both Temasek-linked PE vehicles.

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.

The U.S. government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.

WASHINGTON: In effectively banning tech giant Huawei, President Donald Trump has fired a new salvo against China as the United States increasingly sees confrontation as the best way to curb the rising power. The Trump administration has waged an intense global campaign against Huawei and last week ...

Say one thing and then do something else. That pretty much sums up current orthodoxy in emerging economies regarding exchange-rate management. Countries are supposed to use the interest rate to achieve an inflation target and let the exchange rate float freely. In practice, Asian and Latin American...

NEW YORK: Shares of technology companies fell sharply on Monday (May 20) in down session for Wall Street after Google began to severe ties with Chinese telecom giant Huawei amid the US-China trade war. The tech-rich Nasdaq Composite Index tumbled 113.91 points (1.46 per cent) to 7,702.38, with ...

Mexico's Finance Ministry on Monday laid out plans to withhold tax from drivers for ride-hailing and food delivery firms such as Uber Technologies Inc and Rappi, part of a push to improve tax collection in Latin America's 2nd largest economy.