Markets

PG&E Corp will pay US$1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday.

SINGAPORE: Low-cost carrier Scoot is aware of its shortcomings and is working to improve its customer service and recovery standards in light of recent flight delays and disruptions that have affected passengers, said its CEO Lee Lik Hsin. Speaking to CNA on Monday (Jun 17), he admitted that the...

Mexican President Andres Manuel Lopez Obrador said he spoke with Facebook Inc's Mark Zuckerberg on Tuesday, inviting the social media tycoon to partner with him in a bid to promote universal internet access in Mexico.

Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.

Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.

Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups.

Why Kaplan Professional was suspended remains unclear but the perennial challenge of ensuring training institutes help workers reskill can be tackled if both are given more skin in the game, says Dr Chew Soon Beng.

South Korea's biggest carrier Korean Air Lines said on Wednesday it has signed a memorandum of understanding to buy 30 Boeing planes for US$9.67 billion.

OTTAWA: The Canadian government on Tuesday (Jun 18) approved a controversial pipeline expansion project to deliver oil to the Pacific coast for shipping overseas, setting the stage for a major political battle ahead of elections. Prime Minister Justin Trudeau's administration had given the project ...

Canada on Tuesday approved as expected a hotly contested proposal to expand the western Canadian crude oil pipeline it bought last year, providing hope for a depressed energy industry but angering environmental groups.