Markets

Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.

GROWTH equity investment firm Asia Partners has opened its doors in Singapore to focus on rapidly growing technology businesses in South-east Asia with pan-regional aspirations.

TOKYO: Oil fell on Friday (Jun 14) after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world's key shipping routes. The attacks near Iran and the...

NEW YORK: Tankers like those apparently attacked Thursday (Jun 13) in the Gulf of Oman operate through increasingly treacherous waters, facing mounting dangers from piracy and collision as well as geopolitical hazards. Around 60 million barrels of petroleum product move each day on the seas ...

LONDON: World oil prices surged on Thursday (Jun 13) on reports that two tankers had been attacked in the Gulf of Oman, worsening frayed tensions in the crude-rich Middle East region, analysts said. The surge in oil prices boosted share prices of energy companies, while global stock markets also ......

BEIJING: China said on Friday (Jun 14) that it was raising anti-dumping duties on certain alloy-steel seamless tubes and pipes used at utilities and imported from the United States and the European Union. The anti-dumping tax rate applicable to the steel tubes and pipes is between 57.9 per ......

An executive of Huawei Technologies said on Thursday that the Chinese telecoms giant is in the process of potentially launching its "Hongmeng" operating system (OS) to replace the US Android OS.

WASHINGTON: The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber's petition to waive tariffs on ...

Chewy Inc said on Thursday it priced its initial public offering at US$22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at US$8.77 billion.

Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported https://on.wsj.com/2IdYo3a on Thursday.