Banks in the UK are coming under growing pressure from regulators to get their new hubs in the European Union up and running even as COVID-19 and foot-dragging by clients disrupt Brexit relocation plans, banks and regulators say.
Don't get too attached to those recent stock market gains, at least according to strategists polled by Reuters.
KUALA LUMPUR: AirAsia X needs creditors' support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday (Aug 26), as it posted a quarterly loss and revenue plunge. The company reported a net loss of RM305.2 million (US$73.2 million) for the April-June quarter ...
Futures tied to the S&P 500 were little changed on Wednesday after bleak consumer confidence data provided a sobering view on the health of the economy, while investors held back ahead of Federal Reserve Chair Jerome Powell's speech this week.
The United Kingdom's Supreme Court on Wednesday unanimously dismissed appeals by China's Huawei and ZTE in patent disputes over mobile data technology with Unwired Planet International and Conversant Wireless.
The owner of Burger King's franchise in Thailand became the latest company on Wednesday to bow to boycott calls by protesters who accused it of advertising on a television network they brand pro-government.
SINGAPORE: Despite a changing world economy disrupted by COVID-19 and geopolitical tensions, the Government will implement new programmes to bring in business investments, support local entrepreneurship and create “good jobs" for Singaporeans, said Minister for Trade and Industry Chan Chun Sing on ...
MAJOR banks in Thailand will likely increase their already substantial investments in technology and innovation over the next few years in a bid to remain competitive, said a report published by S&P Global Ratings on Wednesday.
Valuing billionaire Jack Ma's Ant Group, which filed its prospectus for a mega initial public offering (IPO) on Tuesday, will be more art than science. It looks like a financial-services company but sells itself as a technology firm. Is it a Mastercard or a PayPal? ...
SINGAPORE: The former US ambassador to Singapore said he had resigned from the board of a firm in the city-state linked to a group bidding for English soccer club Newcastle United citing "recent revelations" about the group. Kirk Wagar said he had quit the board of Axington, a firm listed...
