BUSINESS

Shares of Netflix rose 6.1% to $335.05 in after-hours trading as the streaming video pioneer also said it had picked up more subscribers than expected at the end of last year.

Chinese November oil demand climbed to the highest level since February, data from the Joint Organisations Data Initiative showed on Thursday.

Specifically, the BOJ amended rules for an existing market operation tool, so it can pump funds extending up to 10 years in variable rates to financial institutions against collateral.

U.S. authorities said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million in illicit funds.

"We want to lessen our dependence on oil... We want to diversify our economy, it is important, it is essential," Al-Ibrahim told AFP at the World Economic Forum.

The Washington state-based company, which industry trackers say has more than 220,000 workers, trimmed its ranks of employees twice last year.

The world's two largest planemakers defended themselves on Tuesday following criticism over delivery delays

The deal could make Montfort one of the top two suppliers of ship fuel, also known as bunker fuel, in the world's third-largest bunkering hub located in the United Arab Emirates' city of Fujairah, rivalling energy trader Vitol.

The economic data still beat analysts' earlier forecasts after Beijing's rolling back of its zero-COVID policy in December bolstered consumption.

Renault SA and China's Geely Automobile Holdings are working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said.

Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction.

Asian shares edged higher on Monday as investors waited nervously to see whether the Bank of Japan (BOJ) would defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S.

Residential property prices in Dubai are expected to rise at a slower pace in 2023 after a record year that saw a more than 60% increase in total units sold, according to one of the city's biggest real estate consultancies.

Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview.

Al Jaber is the chief executive of the UAE's Abu Dhabi National Oil Company (ADNOC), which is one of the world's biggest oil firms.

The U.S. Securities and Exchange Commission (SEC) on Thursday said it has charged Genesis Global Capital LLC and Gemini Trust Company LLC with illegally selling securities to hundreds of thousands of investors through their crypto lending program.

The US Federal Aviation Administration (FAA) said normal operations were being restored but the early morning halt created knock-on effects that snarled travel throughout the day.

Britain's financial watchdog is blocking the restart of London Metal Exchange nickel trade in Asian hours due to doubts about the LME's ability to run an orderly market in that time zone, three sources with knowledge of the matter said.

The Group of Seven (G7) coalition will seek to set two price caps on Russian refined products in February, one for products trading at a premium to crude oil and the other for those trading at a discount, a G7 official said.

Macron has set a target of building 50 offshore plants by 2050, up from one today, to generate 40 gigawatts of electricity.

The partnership will enable maritime customers from the world's most remote waters to access high-speed internet.

Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago.

Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview.

2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt.

After enjoying complete domination over nearly every currency last year with the dollar index having its best annual performance since 2015, the run is over as the U.S. currency is expected to give back some of its gains this year.

Regional markets have enjoyed a strong start to the year, largely thanks to optimism over China's reopening and signs it is toning down its tough talk on a number of issues domestically and geopolitically.

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum detailed announced his plans for the city in a tweet on Wednesday.

Subscription to the UAE's job loss insurance scheme is mandatory for all workers in the federal government and private sector.

A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for about $4.6 billion, including debt, people familiar with the matter said on Tuesday.