Markets

TOKYO: Japanese Prime Minister Shinzo Abe has pledged to build 2,000 new ventilators for COVID-19 patients that even the government says hospitals are unlikely to need. Instead, the plan, announced in April, appears to be more about bringing home manufacturing of equipment seen as key to the ...

SHENZHEN: Construction cranes at Huawei's headquarters busily expand an already massive faux-European campus that Walt Disney would envy, as well as an in-house "university" that trains the Chinese telecom giant's growing global workforce. If the United States hoped to stop the company in its ...

Millions more Americans likely filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.

Schlumberger, the world's largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year's historic decline in the oil industry, according to a memo to employees.

INTERNET company Sea Ltd, which owns e-commerce platform Shopee and game developer Garena, is offering US$1 billion in convertible senior notes due in 2025.

Schlumberger, the world's largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year's historic decline in the oil industry, according to a memo to employees.

CITI Singapore will return the Jobs Support Scheme (JSS) funding - intended to provide companies with wage support to buffer against the impact of Covid-19 - to the Singapore government. 

Retailer Canada Goose Holdings Inc said on Wednesday it has laid off 125 workers, about 2.5per cent of its global workforce, as part of steps to cope with the impact of COVID-19 on its business.

South Korea's Samsung Electronics Co Ltd on Thursday said it has broken ground for its sixth domestic contract chip production line, which will make logic chips as part of efforts to reduce its reliance on the volatile memory chip sector.

HC Surgical Specialists on Wednesday said that Vanda 1 Investments, managed by Temasek's Heliconia Capital Management, had requested the early redemption of a S$5 million convertible bond on "amicable grounds" and that no specific reason was provided by the investor.