Markets

LONDON: Britain will issue a second sovereign sukuk, or Islamic bond, the country's finance minister Philip Hammond said on Thursday (Jun 20). Hammond said in his annual Mansion House speech to representatives of the financial services industry that London was seeking to become the world's most ...

UOB Kay Hian, the largest securities brokerage in Singapore, has emerged as a keen suitor for the 150-odd remisiers and retail equity trading representatives at DBS Vickers, the broking arm of Singapore government-linked DBS Bank.

Martin Shkreli, the pharmaceutical entrepreneur serving a seven-year prison term for fraud, has settled all outstanding disputes with Retrophin Inc, the biopharmaceutical company he founded in 2011 and which ousted him three years later.

Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted.

NEW YORK: The S&P 500 finished at a record high on Thursday (Jun 20), boosted by a rally in oil-linked shares amid new US-Iran tensions and continued positive sentiment over the Federal Reserve's dovish tilt. The broad-based equity index ended the day at 2,954.18, up 27.72 points (0.95 per cent)...

Department store operators J.C. Penney Co Inc and Macy's Inc have opposed U.S. President Donald Trump's proposal to include apparel and footwear among the Chinese goods targeted for tariffs.

WASHINGTON: Apple has warned the US administration that proposed tariffs on Chinese imports would be counterproductive, saying they would hurt the iPhone manufacturer's competitiveness and "tilt the playing field" to non-American rivals. In comments filed this week to the US Trade Representative ...

A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve's signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth.

The U.S. government should consider forcing Facebook Inc to freeze work on its new cryptocurrency project, a senior U.S. lawmaker said on Thursday.

Initial exchange offerings (IEOs) have been the latest darlings in raising funds for cryptocurrency projects, but intensifying regulatory scrutiny and investors' concern about the viability of the companies raising capital are flashing red flags.