Markets

Airbus SE and Boeing Co may pull out of a bidding process to supply Canada with new fighter jets because they say the contest is unfairly tilted toward Lockheed Martin Corp , two sources with direct knowledge of the situation said on Monday.

NEW YORK: A federal judge on Monday (Jul 8) dealt a blow to the Trump administration by striking down a new rule that would have forced pharmaceutical companies to include the wholesale prices of their drugs in television advertising. US District Judge Amit Mehta in Washington sided with ...

WASHINGTON: The United States announced fresh duties on some Mexican and Chinese steel goods on Monday (Jul 8), saying those countries helped their manufacturers with unfair subsidies. The decision comes two months after President Donald Trump agreed to lift tariffs on steel and aluminium from ...

The U.S. Securities and Exchange Commission (SEC) on Monday defended the pace of its investigation into Volkswagen AG after a judge had asked why the agency waited two years after a global scandal related to vehicle emissions to sue the automaker.

WASHINGTON: Facebook said on Monday (Jul 8) that it had not been invited to a White House summit on social media being held later this week. The White House has repeatedly declined to say who will attend the Jul 11 event. White House spokesman Judd Deere said last month the...

LONDON: British Foreign Minister Jeremy Hunt said on Monday (Jul 8) if he becomes prime minister he would seek to boost poor national productivity by supporting entrepreneurs in a bid to emulate the business culture of the United States. Hunt, one of two contenders to replace Prime Minister ......

AMID an era of driverless cars and humanoid robots, there is "no reason" for humans to be fearful of artificial intelligence (AI), said OCBC's chief executive officer Samuel Tsien.

IMPACT at Deutsche Bank's Singapore operations will be more muted compared to other regional hubs such as Hong Kong, although the German lender declined to elaborate on the number of employees who will be affected here.

OAKNORTH, a GIC-backed challenger bank from the United Kingdom, has set up shop in Singapore to sell its data-driven credit underwriting model to Asian financial incumbents.

SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies.