Markets

Microsoft Corp said on Friday it would close its retail stores and take a related pre-tax asset impairment charge of US$450 million in the current quarter.

French video games group Ubisoft said it was investigating allegations of misconduct at the company, which earlier media reports said centred around charges of sexual misconduct.

Luckin Coffee Inc said on Friday Nasdaq Inc notified the Chinese coffee chain that its shares would be suspended at the open on Monday.

BANGKOK: Low-cost carrier Scoot announced on Friday (Jun 26) that the board of directors of NokScoot has passed a resolution to liquidate the troubled airline.  NokScoot is a joint venture between Scoot and Thailand-based airline Nok Air.  NokScoot's shareholders will deliberate the same ...

U.S. auto sales are expected to continue their recovery in June following a collapse in April, as coronavirus-led lockdown restrictions ease and buyers slowly return to the market, industry consultants J.D. Power and LMC Automotive said.

SINGAPORE: A committee made up of landlords, tenants and industry watchers has been formed to discuss and develop a framework that would address ongoing issues around tenancy practices, the Singapore Business Federation (SBF) announced on Friday (Jun 26). Called the Fair Tenancy Pro Tem Committee ...

Tesco , Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report.

U.S. consumer spending rebounded sharply in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.

An outside panel in South Korea recommended that prosecutors should not indict Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Supreme Prosecutors' Office said on Friday.

PARIS: Britain, France, Italy and Spain suggested a "phased approach" to unblock global digital taxation talks in a joint letter to U.S. treasury secretary Steven Mnuchin last week, rebuffing his call for a pause in negotiations. Mnuchin's suggestion of a break has fuelled European concerns about ...