MUMBAI: Police in India lodged a case this week against an unknown online fraudster who tried selling the world's largest statue for US$4 billion, claiming the proceeds would be used to help the Gujarat state government fund its fight against the coronavirus. While the plot to sell the Statue...
Police in India lodged a case this week against an unknown online fraudster who tried selling the world's largest statue for US$4 billion, claiming the proceeds would be used to help the Gujarat state government fund its fight against the coronavirus.
BANKS will see their capital and liquidity requirements adjusted to help sustain their lending activities amid the Covid-19 pandemic, among other fresh measures announced by the Monetary Authority of Singapore (MAS) in a statement on Tuesday.
BUSINESSES that qualify to defer payments for their secured property loans, as well as distressed property owners doing so for residential mortgages, will not be subject to thresholds set by the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.
France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis.
SINGAPORE: Singapore's central bank will adjust selected regulatory requirements and supervisory programs to enable financial institutions to focus on tackling issues stemming from the COVID-19 pandemic, it said on Tuesday (Apr 7). The Monetary Authority of Singapore said it would adjust banks' ...
China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it.
KUALA LUMPUR: Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday (Apr 6). GSV, which was set up by former Malaysia...
A Hong Kong-based activist investor in Toshiba Corp has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to US$32 billion, according to a letter reviewed by Reuters.
NEW YORK: The COVID-19 outbreak in the United States has caused millions of people to lose their jobs and brought the economy to its knees but it has not dethroned the American dollar. To the contrary, the currency has risen in value this year, gaining six per cent from its...
