SAN FRANCISCO: Tesla Inc Chief Executive Elon Musk personally owes US$507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday (May 2). The lending was disclosed in Tesla's prospectus on Thursday...
REUTERS: Huawei Technologies said it will "vigorously oppose" a motion filed by U.S. prosecutors on Thursday to disqualify its lead defense lawyer from a case accusing the Chinese company of bank fraud and sanctions violations. According to a filing in the U.S. District Court in Brooklyn, New York ......
SYDNEY: A law firm filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and harming them financially. The lawsuit, filed on Friday at the Victoria Supreme Court ...
Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a U.S. rate cut this year while oil prices loitered near one-month lows on oversupply fears.
UNITED Overseas Bank is the second Singapore lender to feel the sting of last year's property cooling measures.
Banking giant HSBC said on Friday that pre-tax profit jumped 30.7 percent to $6.2 billion in the first three months of the year, describing the results as "encouraging" despite an uncertain global outlook.
The founder of Insys Therapeutics Inc on Thursday became the highest-ranking drugmaker executive convicted in a case tied to the U.S. opioid crisis, when he and four colleagues were found guilty of bribing doctors to prescribe an addictive painkiller, helping drive the epidemic.
INSURER Great Eastern (GE) has sold 5 per cent of its stake in PT QBE General Insurance Indonesia, which it acquired in 2018. It will continue to hold the remaining 95 per cent, GE said on Friday.
U.S. employers likely maintained a strong pace of hiring in April while steadily increasing wages for workers, pointing to solid economic growth and moderate inflation pressures.
Frustrated by the lack of quality lightsabers in toy shops, Makoto Tsai did what any self-respecting hardcore Star Wars fan would do -- he studied engineering at college and then spent years perfecting a replica.
