The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
SINGAPORE: Activity in Singapore's factories contracted for the second month in a row in June amid global trade uncertainties, after 32 months of consecutive expansion. Singapore’s Purchasing Managers’ Index (PMI) – which measures manufacturing activity and sentiment – declined 0.3 point from the ...
Shares of Tesla Inc jumped 8per cent on Wednesday after Chief Executive Officer Elon Musk made good on his promise of delivering record number of electric cars in the second quarter, quelling fears about demand for its sedans and SUVs.
U.S. stock index futures edged higher on Wednesday, as benchmark bond yields tumbled on fears of a global recession and expectations of interest rate cuts by central banks.
Two times Indianapolis 500 winner Juan Pablo Montoya is to lead the judging panel for season two of World's Fastest Gamer, a competition aiming to take a virtual racer to the real track for a season with an Aston Martin sportscar team.
Deutsche Bank expects the cost of a major overhaul in the works to be up to 5 billion euros (US$3.4-US$5.6 billion), one person familiar with the matter said on Wednesday.
Walmart Inc has discussed the potential sale of its unprofitable clothing brands Bonobos and Modcloth with buyers, online news portal Vox reported https://www.vox.com/recode/2019/7/3/18716431/walmart-jet-marc-lore-modcloth-amazon-ecommerce-losses-online-sales on Wednesday, citing sources familiar ...
BERLIN: Deutsche Telekom stole a march on its competitors by announcing a limited rollout of 5G services in its German home market on Wednesday, targeting urban users with the high-speed mobile technology. Existing 5G trials will be opened up to public use in the German capital Berlin and in...
Several technology companies, including HP Inc, Dell Technologies and Microsoft Corp, are planning to shift substantial production capacity out of China, Nikkei reported on Wednesday, citing sources.
PARIS: Police are searching Renault's corporate headquarters in Boulogne-Billancourt, which a judicial source said was related to an ongoing investigation into ex-Renault boss Carlos Ghosn and his use of Versailles for his 2016 wedding party. L'Express magazine reported earlier on Wednesday that ...
