Shares of Twitter Inc dropped more than 4per cent in pre-market trading on Thursday, a day after hackers gained access to the social media company's internal systems to hijack accounts of several politicians, billionaires, celebrities and companies.
Nissan Motor Co is planning a 30per cent year-on-year cut in global vehicle production through December as falling demand due to the COVID-19 pandemic complicates its turnaround efforts, two sources with knowledge of the matter told Reuters.
Amazon.com Inc's India unit has told sellers they must provide country of origin information on product listings by August 10, according to an email sent by the e-commerce giant to sellers, against a backdrop of brewing anti-China sentiment.
Morgan Stanley posted a 45per cent rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.
Bank of America Corp reported a drop of more than 50per cent in second-quarter profit on Thursday as it set aside US$4 billion for potential loan losses tied to the coronavirus pandemic.
Allowing millions of Brazilian users of Facebook's WhatsApp to send money as easily as texts seemed a golden opportunity for the world's largest social media company.
U.S. stock index futures fell on Thursday after a surprise drop in China's retail sales signaled a bumpy economic recovery, with investors now turning to the next set of quarterly bank earnings and economic data to gauge the pace of a domestic rebound.
Nissan Motor Co is planning a 30per cent year-on-year cut in global vehicle production through December as falling demand due to the coronavirus complicates its efforts to recover profitability, two sources with knowledge of the matter have told Reuters.
A rising stock market alongside 11per cent unemployment has put the U.S. Federal Reserve in a quandary amid the national debate over racial and economic fairness: Is it helping fix the problems its top officials agree need fixing, or deepening divides between Black and white, and rich and poor?...
SINGAPORE: The Monetary Authority of Singapore (MAS) is in discussions with banks, insurers and other financial companies on how to ease individuals and businesses who have tapped on existing COVID-19 relief measures into gradually resuming repayments. This is being done so as to “avoid cliff ...
