Markets

Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over US$6.5 billion in bond sales they helped organise for a state fund, the Bernama state news agency reported.

With an enviable reputation, IAG's CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history.

Virgin Atlantic is preparing to cut more than 1,000 jobs after seeing a slower-than-expected recovery in international demand for air travel, Sky News reported on Thursday (Sep 3).

Virgin Australia Holdings Ltd's creditors voted on Friday in favour of the purchase of Australia's second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul.

U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy's recovery from the COVID-19 recession.

Amazon Japan has submitted a plan to the country's fair trade regulator on how it will improve practices suspected of violating anti-trust rules, the Asahi Shimbun reported on Friday.

HONG KONG: Financial firms in Hong Kong are scrambling to fortify their compliance operations following US sanctions and China's new national security law, even as the sector pushes to cut costs amid the coronavirus pandemic. This underscores the growing challenges for firms operating in the Asian ...

Amazon Japan has submitted a plan to the country's fair trade regulator on how it will improve practices suspected of violating anti-trust rules, the Asahi Shimbun reported on Friday.

Bolivia's interim presidency said on Thursday it had hired a Washington-based lobbying firm that Facebook Inc accuses of launching fake news campaigns to skew democratic debate.

Four Republican state attorneys general led by Texas backed President Donald Trump's push to narrow the ability of social media companies to remove objectionable content and require new transparency rules.