Markets

U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the "1per cent" since he became president.

Japanese telecom SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".

Amazon.com Inc sellers are bracing for product shortages as Chinese workers - worried about the fast-spreading coronavirus - may be unable or unwilling to return to idled factories.

BP's head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.

Japanese carmaker Nissan said on Friday its sales in China, the world's biggest auto market, fell by 11.8per cent in January year-on-year, as the Lunar New Year holiday began earlier than usual and the outbreak of coronavirus stymied economic activity.

Jaguar Land Rover will reduce or stop production on certain days at two of its British factories over the next few weeks as Britain's biggest carmaker pursues cost-cutting measures in response to falling demand.

HONG KONG: Hong Kong Airlines said on Friday (Feb 7) it has been forced to slash hundreds of jobs and ask remaining staff to take unpaid leave as the coronavirus outbreak compounds problems at the already-struggling firm. The announcement by the city's number two carrier comes days after Cathay ...

Japanese telco SoftBank Corp on Friday reported a 15per cent rise in third-quarter operating profit, beating estimates, underpinned by its mobile business.

Honda Motor Co raised its forecast for full-year operating profit by 6per cent on Friday, with a weaker yen increasing the value of its overseas sales.

Burberry said on Friday the outbreak of coronavirus in China was hurting luxury demand in the mainland and Hong Kong, both important markets for the British brand.