Markets

Apple sold fewer than half a million smartphones in China in February, government data showed on Monday, as the coronavirus outbreak crippled demand.

Business software company SAP said on Monday it was cancelling or postponing all major client events this month due to the coronavirus epidemic, but still planned to go ahead with its U.S. user conference SAPPHIRE NOW in mid-May.

PARIS: The world is set for its first annual decline in oil consumption in more than a decade due to the impact of the COVID-19 outbreak, the International Energy Agency (IEA) said on Monday (Mar 9). In its latest report - which did not take into account an oil price war...

DUBAI: Saudi Aramco shares fell 10% on Monday (Mar 9) after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices. Shares in Aramco were trading at 27 riyals (US$7.20), 15.6...

Japan will boost its special financing for small and mid-size firms hit by the coronavirus to 1.6 trillion yen (US$15.6 billion), according to a government document seen by Reuters on Monday.

Nissan Motor Co's vehicle sales in China, its biggest market, dropped 80per cent in February as coronavirus concerns sapped demand, in another blow to the carmaker which is struggling to recover from a profit free fall.

Britain's biggest retailer Tesco said on Monday it will return US$6.6 billion (5 billion pounds) to shareholders after agreeing to sell its businesses in Thailand and Malaysia to Charoen Pokphand Group for an enterprise value of US$10.6 billion.

Shares in Saudi Aramco plunged 10per cent in opening trade on Monday, following a sharp drop in oil prices after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month.

LONDON: Britain's biggest retailer Tesco said Monday (Mar 9) that it has agreed to sell its businesses in Thailand and Malaysia to Thai conglomerate CP Group for £8.0 billion (US$10.4 billion). "Following inbound interest and a detailed strategic review of all options, we are announcing today the ...

TOKYO: Warnings of radiation hotspots in parts of Fukushima that will host the Olympic torch relay and several sporting events have made headlines, but what is the risk for athletes and spectators? Since the 2011 tsunami that triggered the Fukushima nuclear accident, Japan has carried out ...