Markets

Federal Communications Commission chairman Ajit Pai said on Wednesday he opposes China Mobile Ltd's bid to provide U.S. telecommunications services and that the commission will vote on whether to deny the application in May.

Top U.S. banks must make deeper cost cuts to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts said.

When H&M boosted its shares last month by reporting a rise in the sale of full-price garments, it wasn't just a tribute to the fashion sense of its designers. It was a sign that backroom improvements are at last paying off.

HONG KONG: Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday (Apr 17) after Hou Wei disputed a decision that removed him as chairman and said he was still in charge of the struggling carrier. Former Hong Kong Airlines director Zhong Guosong...

WASHINGTON: The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump's "America First" agenda was starting to bear fruit. The surprise narrowing in the trade gap reported by the Commerce Department on Wednesday also implied a ...

China's Huawei offered Berlin a "no-spy agreement" to address security concerns over the Chinese company's involvement in building Germany's next-generation 5G mobile infrastructure, a German magazine said on Wednesday.

Qualcomm Inc's surprise settlement of a prolonged legal fight with Apple Inc paves the way for the chipmaker to resolve a similar dispute with China's Huawei Technologies Co Ltd, ahead of the launch of 5G phones, several analysts said.

Morgan Stanley reported a 9 percent drop in quarterly profit on Wednesday as equities and bond trading fell due to low market volatility.

U.S. stock index futures inched higher on Wednesday, buoyed by upbeat economic data from China, but gains were capped by disappointing quarterly reports from Netflix and IBM.

SINGAPORE: Hotel and serviced residences operator Far East Hospitality said on Wednesday (Apr 17) it is expanding into Vietnam, with two boutique hotels set to open in Ho Chi Minh City by the end of the year. The company currently operates 90 hotels and serviced residences in seven countries ......