The BlackRock Investment Institute said on Monday it had trimmed its "overweight" to credit on a long-term view.
Britain's largest supermarket Tesco on Monday said it will create 16,000 new permanent jobs to support the exceptional growth in its online business and may even increase the number of roles as the coronavirus lockdown boosted its sales.
Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.
Zoom Video Communications Inc is investigating reports about users facing issues while running and accessing web meetings, the company said on Monday.
KUALA LUMPUR: Malaysia's parliament on Monday (Aug 24) approved the government's plan to raise its debt ceiling for the first time in more than a decade, as Southeast Asia's third-largest economy grapples with the economic fallout from the coronavirus pandemic. Parliament voted to allow the ...
SINGAPORE: Amid the sharp drop in passenger flights, low-cost carrier Scoot has modified one of its A320 aircraft by removing all passenger seats to carry cargo in the cabin. This has doubled its cargo capacity to nearly 20 tonnes, said the airline on Monday (Aug 24). According to Scoot, it is...
Blackstone Group Inc said on Monday it would sell about 40per cent of its stake in liquefied natural gas producer Cheniere Energy Inc's limited partnership to Brookfield Infrastructure and its own affiliated company.
Belgian prosecutors have launched an investigation into whether Swiss bank Credit Suisse helped some 2,650 Belgians hide their accounts from tax authorities.
The oil price is holding steady close to US$45 a barrel, but prices further forward and in the physical market are showing new signs of weakness mainly due to a fall in demand from China after the country's buying binge earlier in the year.
FRANKFURT AM MAIN: Germany on Monday (Aug 24) announced details of its first "green" bond placing, tapping financial markets to fund environmental projects for the first time. The finance ministry said it would raise up to 11 billion euros ($13 billion) in 2020 to support climate-related projects ...
