Markets

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

SINGAPORE: United Arab Emirates utility firm Utico has agreed to extend the deadline for its S$400 million restructuring agreement with Hyflux to Jun 30, it said on Friday (Jun 12). In a press statement, Utico also revealed that two parties have "approached it to partner for (the) acquisition of ......

Ship owners are postponing or cancelling the installation of "scrubbers" that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances.

China on Friday said Twitter should shut down accounts that smear China if it wants to fight disinformation, arguing that the country is the biggest victim of disinformation.

A ransomware attack has shut down the biggest brewer in Australia and New Zealand, cutting supplies to pubs and restaurants just as the countries emerge from coronavirus lockdown, the company said Friday.

U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.

REUTERS: British technology firm IQE on Friday forecast an at least 27per cent jump in revenue for the first half and said it expects to return to profitability, thanks to strong performance of its wireless equipment and light sensors businesses. Shares of the company, which makes semiconductor ...

British Airways, easyJet and Ryanair have launched legal action against the UK government's quarantine policy, asking for a judicial review to be heard as soon as possible, a statement from BA's parent IAG said.

U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover.

LONDON: Britain's economy shrank by a record 20.4 per cent in April from March as the country spent the month in a tight coronavirus lockdown, official data showed on Friday (Jun 12), in what is likely to be the low point of the slump before a long and slow...