Markets

Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.

U.S. stocks opened lower on Monday, pausing after the S&P 500's seven-day winning streak, as investors braced for what could be the first decline in corporate earnings since 2016 and a drop in Boeing Co's shares hit the Dow industrials.

Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan's Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of US$5.

BlackRock Inc Chief Executive Officer Larry Fink said on Monday that his ambition was to build an onshore presence in China and become the leading global asset manager there.

The tripartite guidelines are a noble effort but no guideline can fix unconscious bias, indirect discrimination and bullying, say management experts Carys Chan and Dawn Chow.

The European Union's data protection supervisor on Monday said it had launched an investigation into whether services and products provided by the software giant Microsoft to EU institutions comply with its new data protection rules.

Qatar said on Monday it had filed lawsuits against three banks, accusing them of using what it called overseas currency manipulation to sabotage its economy in the wake of an Arab boycott against the country in 2017.

KUALA LUMPUR: Malaysian budget carrier Firefly will resume flights to Singapore on Apr 21, operating out of Seletar Airport, said Transport Minister Anthony Loke on Monday (Apr 8). Meanwhile, Malindo Air, another Malaysian carrier, is also keen to fly to Seletar Airport and has approached airport ...

Merck KGaA won the support of Versum Materials Inc's board with a sweetened US$6.5 billion takeover proposal, topping an agreed merger with rival Entegris.

NEW YORK: Image sharing website Pinterest Inc set a price range of US$15 to US$17 per share for its initial public offering of 75 million shares, as per a filing with the U.S. Securities and Exchange Commission on Monday. At the upper end of its target range, the company would...