LONDON: Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. Its geologists, engineers and scientists have been cut to less than 100 from a peak of more...
SYDNEY: Asian shares were on the defensive on Monday (Jan 25) as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 718.72. The benchmark is...
BOSTON: The world's 20 best-performing hedge funds earned US$63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show. As a group, the most ......
Top oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus crisis triggered spending cuts.
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions, the US benefits services provider owned by buyout firm Blackstone, public at a valuation of US$7.3 billion including debt, people familiar with the matter said on Sunday (Jan 24).
Holding the euro together has become a key political imperative for Germany. But a confluence of factors makes that goal elusive, says Melvyn Krauss.
Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products.
ROBO-ADVISER StashAway has attracted more than US$1 billion in assets under management in three-and-a-half-years.
Airbus said on Sunday (Jan 24) about 500 of its staff had gone into quarantine after 21 workers at its aircraft factory in Hamburg tested positive for the new coronavirus.
A veteran rocket from billionaire entrepreneur Elon Musk’s SpaceX aerospace company launched 143 spacecraft into space on Sunday, a new record for the most spaceships deployed on a single mission, according to the company.
