Markets

Eliminating fossil fuels from the U.S. power sector, a key goal of the "Green New Deal" backed by many Democratic presidential candidates, would cost US$4.7 trillion and pose massive economic and social challenges, according to a report released on Thursday by energy research firm Wood Mackenzie.

South Korean mobile carrier KT Corp said on Thursday it launched 5G services in one of the world's most heavily armed border zones separating the two Koreas.

WASHINGTON: To the Democrats running for president of the United States, corporations charge too much for medicines and other critical goods, do not pay enough in taxes and repay bailouts by taking jobs overseas. Senator Elizabeth Warren of Massachusetts led the anti-corporate charge early in the ...

Japan Display Inc is set to receive a US$100 million investment from Apple Inc, its biggest customer, the Asahi newspaper reported on Thursday, sending the screen maker's shares up as much as 32per cent in Tokyo.

KUALA LUMPUR: Affordability is among the reasons behind Malaysia’s continued support for Huawei as it looks to tap into the great potential of the 5G technology, said Malaysia's telecommunications industry regulator, despite security concerns raised by the United States over the Chinese ...

SINGAPORE: The Monetary Authority of Singapore (MAS) made a net profit of S$19.2 billion for the year ended March, due to better investment returns and currency effects, according to its annual report for the 2018/19 financial year released on Thursday (Jun 27). The figure, net of a S$3.9 billion...

French President Emmanuel Macron said on Thursday there was no need for the government to lower its stake in Renault and that he wanted the Renault-Nissan alliance to work on strengthening its synergies.

HONG KONG: Huawei Technologies said it has received over US$1.4 billion in licensing revenue since 2015 and paid more than US$6 billion in royalties to legally implement intellectual property of other companies. The Chinese firm has never been asked by a court to pay intellectual infringement ...

Japan's markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen (US$37 million) over the alleged underreporting of former Chairman Carlos Ghosn's compensation, a source said.

Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.