OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.
The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery threatened by a spreading coronavirus pandemic and facing uncertainty over a still-undecided presidential election.
Uber Technologies Inc on Thursday stuck to its projection of making an adjusted profit by the end of next year despite the pandemic, as demand for its food-delivery service expanded and its ride-hail business continued its slow recovery.
Facebook on Thursday (Nov 5) said it had taken down a rapidly growing group where some supporters of US President Donald Trump posted violent rhetoric and baseless claims that Democrats were stealing the election.
Volkswagen will tweak its strategy to maintain investment momentum for developing electric and autonomous cars as it tries to make up for lost revenues caused by the coronavirus pandemic, the company's chief executive said.
Those who banked on a big U.S. government spending splurge may be dismayed but two days on from U.S. Election Day, investors are looking on the bright side - less regulatory tightening than feared and a central bank still in full money-printing mode.
A federal judge in Boston said on Thursday she would likely reject a last-ditch effort by two men to avoid being extradited to Japan to face charges that they helped former Nissan Motor Co Ltd Chairman Carlos Ghosn flee the country.
Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses.
WhatsApp has received approval to roll out its payments service in India starting with 20 million users, the country's flagship payments processor said on Thursday, giving the Facebook-owned app an entry into a crowded digital payments space.
Some U.S. stock investors had feared election week turmoil, but voters' decisions at the ballot box helped many stock picking hedge funds extend a year of gains and even set a daily record, according to managers and people familiar with their returns.
