LONDON: As the finance industry prepares for life post-pandemic, commercial banks are moving quickly to harness working from home to cut costs, while investment banks are keen to get traders and advisers back to the office. HSBC and Lloyds are getting rid of as much as 40 per cent...
Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.
Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit.
A sharp jump in U.S. Treasury yields this week has bond managers talking about a "tantrum", worrying about extreme moves and pockets of poor liquidity in the US$20 trillion market.
ANALYSTS have raised target prices on UOB as they believe the bank's net interest margin has bottomed out.
TOKYO: Twenty-five years after Pokemon first began delighting children and adults alike, the phenomenon is still capturing hearts, with smartphone craze Pokemon Go enjoying record success in coronavirus-hit 2020. The augmented-reality game raked in US$1 billion in just the first 10 months of last ...
Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips last year and even accelerating purchases towards the end, three people with knowledge of the matter said.
TOKYO: Nami Hamaura says she feels less lonely working from home thanks to her singing companion Charlie, one of a new generation of cute and clever Japanese robots whose sales are booming amid the COVID-19 pandemic. Smart home assistants such as Amazon's Alexa have found success worldwide, but ......
SEOUL: Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes - a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home. Kim Beom-su, the founder of South Korea's biggest ...
BEIJING: Tim Hortons China has completed a new fundraising round from Sequoia Capital China, Tencent Holdings and Eastern Bell Capital, the coffee chain said on Friday (Feb 26). The funds will be used to expand its outlet network in the country, build digital infrastructure and invest in its ......
