Business

The world's 20 best-performing hedge funds earned $63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) will prioritise production of auto chips if it is able to further increase capacity, Taiwan's Economics Ministry told Reuters, amid a global shortage that has hampered car production.

Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products.

Oil prices slipped for a second straight session on Monday as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand.

Samsung Electronics Vice Chairman Jay Y. Lee will not appeal to the Supreme Court after he received a jail term of two-and-a-half years last week on charges including bribery, Yonhap reported on Monday citing Lee's lawyer.

Bridgewater Associates founder Ray Dalio wrote on Twitter on Sunday that the United States is still in a "terrible financial state" and remains "terribly divided", but added he liked what he heard from President Joe Biden at his inauguration.