Business

Malaysia has decided to lift an earlier limit on the hiring of foreign workers meant to protect jobs for locals in most sectors, the Human Resources Ministry said late on Thursday.

Wells Fargo & Co's compliance chief is leaving after two years of trying to turn around the scandalplagued bank's internal oversight and risk management functions, the Financial Times reported on Thursday, citing people familiar with the decision.

The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID19 pandemic in the United States, but that was likely as the expiration of a $600 weekly supplement discouraged some...

Novavax Inc said on Thursday South Korea's SK bioscience would manufacture a component of the U.S. drug developer's experimental coronavirus vaccine in a bid to boost its supply.

German airline Lufthansa said on Thursday it had walked away from talks with union Verdi over a package to cut staff costs and would only return to the negotiating table if Verdi offers significant labour cost savings.

India's gems and jewellery exports fell 38% in July from a year ago to $1.36 billion as shipments of cut and polished diamonds plunged because of the novel coronavirus, a trade organisation said on Thursday.

Crude oil prices fell on Thursday after OPEC said it expected demand to drop more than expected, although data showing a decline in U.S. inventories lent support.

Stocks rose the most in a month on Wednesday on continued bets for more stimulus in the United States even as that was put in doubt late on Tuesday, while gold was whipsawed and silver clawed back from a massive drop.

The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand.

Wall Street's main indexes jumped on Wednesday, with the S&P 500 crawling towards a record high in a broad rally led by tech stocks, although some investors were cautious following a stalemate over the new coronavirus relief bill.

U.S. consumer prices increased more than expected in July, with a measure of underlying inflation rising by the most in 291/2 years as the costs of goods and services climbed.

World shares were mixed on Wednesday, with European benchmarks and U.S. futures mostly higher despite an overnight retreat on Wall Street.

Alibababacked Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.28 per cent to 93.89.

U.S. stocks closed lower on Tuesday, with the S&P 500 and Dow snapping a sevenday streak of gains and falling late in the session on growing uncertainty about breaking a stalemate in Washington over a fiscal stimulus deal.

Looks like the machines aren't ready to take over just yet.