HSBC Holdings PLC on Tuesday reported 34per cent drop in annual profit, slightly better than expectations, after a year in which its global business took a hefty blow from the COVID-19 pandemic.
U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said Monday that damage to a fan blade in a Pratt & Whitney engine that failed in a United Airlines Boeing 777-200 is consistent with metal fatigue, according to a preliminary assessment.
EUROPEAN asset manager Amundi has launched three flagship funds for retail investors in Singapore. All three funds hold either four or five-star Morningstar ratings as at Jan 31, 2021.
GREAT Eastern Holdings on Tuesday reported a 19 per cent increase in net profit to S$341.3 million for the fourth quarter ended Dec 31, 2020, from S$287 million a year ago.
WeWork co-founder and former Chief Executive Adam Neumann is nearing a settlement with SoftBank Group Corp that could include a nearly US$500 million cut in his payout from the office space-sharing company's new owner, the Wall Street Journal reported on Monday.
Petrobras shares plunged 22per cent on Monday, wiping out 71 billion reais (US$13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.
Occidental Petroleum Corp posted a larger-than-expected loss of US$731 million on Monday on an asset sale in the Permian Basin.
Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers said on Monday their first-quarter oil output will be hit by a recent winter storm that knocked out power to millions in Texas.
The Singapore Government’s move to issue green bonds for S$19 billion worth of infrastructure projects positions the country as a trusted hub for green finance, say PwC’s Fang Eu-Lin and Mark Rathbone.
Occidental Petroleum Corp posted a larger-than-expected loss of US$731 million on Monday on an asset sale in the Permian Basin.
