REUTERS: Technology company Aveva Group said on Tuesday that it reached a deal to buy OSIsoft, a privately held maker of industrial software used to manage plants and factories, for an enterprise value of US$5 billion. The British company said it would fund the deal using a combination of...
The coronavirus shock is boosting the amount of money flowing into Japan's economy and may fire up inflation, achieving what years of ultra-loose monetary policy failed to do, the central bank's former top economist, Hideo Hayakawa, said on Tuesday.
JAKARTA: Indonesia's economic recovery was "very fragile" and could reverse as shown by tax revenue data in July, the country's finance minister said on Tuesday (Aug 25), warning that the economy faced a struggle to avoid a recession. Revenues had improved temporarily in June after coronavirus ...
An Australian court overseeing a criminal cartel case against Citigroup Inc and Deutsche Bank AG on Tuesday declined a prosecution request to delay proceedings, raising the chances the long-running matter will proceed to trial this year.
Chinese President Xi Jinping warned that the world's second-biggest economy is facing a period of 'turbulent change' and that rising external markets risk required policymakers to increasingly rely on domestic demand to spur growth.
Qantas Airways Ltd said on Tuesday it planned to cut up to 2,500 jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a AUS$10 billion (US$7.17 billion) hit to revenue due to the pandemic this financial year.
FUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia.
BEIJING: Top Chinese and US negotiators spoke on the phone on Tuesday (Aug 25) and agreed to "push forward" their phase one economic deal, amid soaring tensions between the two sides on several fronts. The US and China signed the accord in January, bringing a partial truce in their...
Apple Inc plans to start reopening U.S. retail stores that had been closed over the past several weeks due a resurgence in COVID-19 cases, Bloomberg News reported on Monday, citing people with knowledge of the matter.
Video-conferencing company Zoom Video Communications Inc said on Monday (Aug 24) it had restored service to its US users after a partial outage left many unable to log in to work meetings or attend school classes remotely.
