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ByteDance founder Zhang Yiming to step down as CEO by end of 2021

Zhang will move to a 'key strategy' position at the end of this year, ByteDance said in a statement.

AirAsia posts record quarterly loss as pandemic devastation continues

The loss was primarily attributable to the impairment of assets; revenue for the quarter fell 11.2%

Bitcoin's star backers, dip buyers help cryptocurrencies recover

Analysts said the upheaval was far from over.

European stocks edge higher despite tapering talk; cryptos bounce back

Bitcoin was up 9.5% at $40,265 having nearly slid though $30,000 on Wednesday and been almost at $65,000 just over a month ago

India's largest vial maker expects sales to triple on vaccine ramp up

Schott Kaisha is also in talks with Indian manufacturers of Russia's Sputnik V vaccine to supply millions of vials, but is yet to receive bulk orders

Oil steadies after sell-off as US stockpiles rise less than expected

Crude inventories in the United States increased by 1.3 million barrels last week, against analysts' expectations for a 1.6 million-barrel rise

Bitcoin struggles for footing on concern over tighter regulations in China

Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January.

Corporate governance failings impede Asian companies ESG efforts : Report

Asian regulators should tell companies how to reform their boards to better address environmental, social and governance (ESG) challenges, according to recommendations published on Thursday

China's industrial commodities dip after Beijing warns of market crackdown

China's main industrial commodities tumbled on Thursday after the government announced stepped-up measures to keep a lid on soaring raw material prices which threaten to undermine economic recovery

Stock markets struggle as taper talk, crypto crash put markets on edge

Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed

Gold holds below four-month peak as dollar; Treasury yields rebound

Spot gold was flat at $1,869.50 per ounce by 0500 GMT, after hitting its highest since Jan. 8 at $1,889.75 on Wednesday

Bitcoin crashes back to earth after roller-coaster ride: A bust or a buy?

The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively

Oil prices dive $2 on fears of Asian pandemic, possible US rate hikes

Oil prices dropped over $2 a barrel on Wednesday to their lowest in three weeks, on worries that surging Covid-19 cases in Asia would dent demand for crude and US inflation fears

Ahead of jobs miss, some Fed officials edged towards 'taper' debate

US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session high of 1.678%.

Covid-19 pandemic: European Union to ease travel curbs for foreign tourists

The United States would not, although vaccinated Americans would be welcome in Europe.

Wall Street remains lower after Fed minutes show unmet economic goals

A couple of Fed policymakers raised concerns that inflation will rise to "unwelcome" levels before the case for policy action becomes sufficiently evident.

Dow Jones falls 490 points on inflation jitters ahead of Fed minutes

Crypto-related stocks take a hit as digital coins tumble; US 10-year Treasury yield firms ahead of Fed minutes

Blue Origin discloses $2 mn as current highest bid for seat on space flight

Blue Origin, billionaire Jeff Bezos' rocket company, disclosed $2 million as the current highest bid for a seat on its New Shepherd spacecraft after the startup closed the first phase of its auction.

Bitcoin plunges to $30,066; crypto market cap losses nearly $1 trn

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services

Bitcoin slides below $40,000 after China's ban on cryptocurrency services

The cryptocurrency has tumbled 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.