NEW YORK: Apple shares slid some three per cent in opening trade Tuesday (Feb 18) after announcing it will take a financial hit from the deadly coronavirus epidemic. The US tech giant said in a statement Monday its revenue for the current quarter would be below its forecasts, and that...
Dell Technologies Inc said on Tuesday it would sell its cybersecurity unit RSA for US$2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers' Pension Plan Board and AlpInvest Partners.
U.S. President Donald Trump on Tuesday blasted proposed restrictions on trade with China and said national security cannot be used as an "excuse" to make it difficult for foreign countries to buy U.S. products.
SINGAPORE: A previously announced increase in the Goods and Services Tax (GST) will not take place next year, said Deputy Prime Minister Heng Swee Keat during his Budget 2020 speech on Tuesday (Feb 18). As such, the GST rate will remain at 7 per cent in 2021, he added. ...
As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.
Jaguar Land Rover has enough parts from China to maintain its British production for the next two weeks but not beyond that at the moment, Chief Executive Ralf Speth said on Tuesday.
Walmart Inc expects online sales growth to slow this year after posting lower-than-expected holiday quarter results, revealing the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online.
Shares of Apple Inc fell 2 per cent on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain.
JPMorgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters.
DuPont has brought back management veteran Edward Breen as its chief executive officer, in a move that the industrial materials maker is hoping will help lift sluggish sales since its split from DowDuPont Inc.
