Markets

TEMASEK-backed Ascent Myanmar Growth Fund I (AMGF) on Wednesday announced that it will lead a US$26 million minority investment in Myanmar's leading Internet service provider, Frontiir, although it declined to name its other investors.

FRANKFURT AM MAIN: Lufthansa's top shareholder on Wednesday (Jun 24) said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy. "I will vote for the agreement," German billionaire Heinz ...

NEW YORK: Wall Street stocks tumbled on Wednesday (Jun 24) on increasing signs that higher coronavirus cases in the United States will slow the recovery in the world's biggest economy. The Dow Jones Industrial Average slumped 710.16 points, or 2.72 per cent, to 25,445.94. The broad-based S&P 500 ...

California is planning to ask a state court judge to force Uber Technologies Inc and Lyft Inc to classify their ride-hail drivers as employees, rather than contractors, ratcheting up the tension over a new gig worker law.

California is planning to ask a state court judge to force Uber Technologies Inc and Lyft Inc to classify their ride-hail drivers as employees, rather than contractors, ratcheting up the tension over a new gig worker law.

The Trump administration has determined that top Chinese firms, including telecoms equipment giant Huawei Technologies and video surveillance company Hikvision, are owned or controlled by the Chinese military, laying the groundwork for new U.S. financial sanctions, according to a document seen by ...

Fiat Chrysler's Dodge and Kia Motors topped an initial quality study of new vehicles sold in the United States based on owner responses, industry consultant J.D. Power said on Wednesday.

Goldman Sachs Group Inc's Chief Executive David Solomon said on Wednesday that he expects the U.S. economic recovery to look V-shaped at first, but for that rapid growth to flatten out and become more challenged in the next 6 to 12 months.

The U.S. Justice Department on Wednesday sued Regeneron Pharmaceuticals Inc , accusing it of using a charity that helps cover Medicare patients' drug costs as a means to pay kickbacks for using its expensive macular degeneration drug Eylea.

FRANKFURT: Bayer AG agreed to settle U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer for as much as US$10.9 billion after more than a year of talks, resolving litigation that has hit the company's share price. The German drugs and pesticides maker has come to terms ......