Markets

Tesla Inc said on Friday its offering of 3.1 million shares was priced at US$243 per share and Chief Executive Officer Elon Musk will buy shares worth up to US$25 million.

The stock market surge since the start of the year that has sent the benchmark S&P 500 index up to new record highs is leaving behind one sector that typically outperforms in an expanding economy: energy.

Fiat Chrysler (FCA) said on Friday its adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center in Europe.

Safaricom, Kenya's biggest telecoms operator, said on Friday its core earnings for the full year rose 13.1 percent to 89.6 billion shillings (US$889.33 million), driven by growth in its M-Pesa digital financial business.

FRANKFURT: German investigators have shut down the world's second largest criminal online trading platform and detained three German men suspected of running it, the Frankfurt public prosecutor's office said on Friday. The online marketplace, named "Wall Street Market", was used to trade drugs ...

Bitcoin jumped to a new six-month high on Friday in a move that traders said was the result of technical forces, with no immediate news catalysts sending the cryptocurrency higher.

PARIS: Air France-KLM said Friday (May 3) its losses deepened in the first quarter of the year under the pressure of higher fuel costs and competition, although the group managed to boost passenger numbers. The net loss of 320 million euros (US$357 million) was worse than the 269-million-euro loss ......

Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a U.S. rate cut this year while oil prices loitered near one-month lows on oversupply fears.

SINGAPORE: Singapore Exchange Ltd (SGX) is considering a triple listing of steel derivatives, aiming to offer investors easier access to the highly fragmented ferrous market via a single platform, a senior executive said. The listings would create a "virtual steel mill" designed to help investors ...

SAN FRANCISCO: Tesla Inc Chief Executive Elon Musk personally owes US$507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday (May 2). The lending was disclosed in Tesla's prospectus on Thursday...