OPEC pushed on Thursday for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak, effectively presenting its non-OPEC partners with an ultimatum to back the move or face a price collapse.
ANALYSTS have downgraded their ratings for Singapore banks following the Federal Reserve's emergency rate cut on Tuesday, with the rate cut expected to compress the net interest margins (NIM) reported by the trio.
SINGAPORE'S ultra high net worth individual (UHNWI) population registers among the highest growth rates globally despite its small population size, the Knight Frank Wealth Report 2020 has found.
HSBC Singapore plans to have 40 per cent of women in its most senior positions by 2022, up from 30 per cent currently. It has also set a target to have half of its managerial positions to be taken up by women by 2022, the bank said...
ASIAN Development Bank (ADB) opened its new office in Singapore, marking deepening efforts with the Republic to collaborate on some of the most pressing development challenges facing Asia and the Pacific.
U.S. Federal Aviation Administration chief Stephen Dickson said on Thursday he thinks a certification test flight for the Boeing 737 MAX - a key milestone for the return of the grounded plane - could come soon.
Market volatility related to the coronavirus has provided a welcome boost for Wall Street banks' trading businesses, helping to offset the much-bigger drag of lower interest rates on lending profits, analysts said.
HP Inc on Thursday rejected Xerox Holdings Corp's raised takeover bid of about US$35 billion, saying it undervalued the personal computer maker.
Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than US$1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.
Wall Street's losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as death toll in the United States rose to 11 and travel related stocks took a severe beating.
