SoftBank Group Corp under-reported income to Japan's tax authorities by around 40 billion yen (US$380 million) in the financial year ended March 2019, a person with knowledge of the matter said, requiring the conglomerate to resubmit filings.
Oil prices fell in early trade on Tuesday on concerns about fuel demand growth as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output.
Asian shares were on track to open higher on Tuesday, after strong manufacturing data and gains in tech stocks boosted global equities and the U.S. dollar overnight.
A U.S. judge on Monday denied a request by an Uber Technologies Inc customer to overturn an arbitration win for the company in a price-fixing case over claims the arbitrator only ruled in Uber's favor because he was scared.
Singapore’s labour market is expected to weaken because the bulk of the global economy will still be grappling with recessionary conditions in the second half of this year, says economist Song Seng Wun.
Insurer American International Group Inc on Monday posted a 56per cent fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns.
The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, several U.S. central bankers said on Monday.
US President Donald Trump said Monday the US government should get a "substantial portion" of the sales price of the US operations of TikTok and warned he will ban the service in the United States on Sep 15 without a sale.
The Federal Aviation Administration said on Monday it is proposing requiring four key Boeing 737 MAX design changes to address safety issues seen in two crashes that killed 346 people and led to the plane's grounding in March 2019.
President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday (Aug 2).
