Ron Sim's V3 Group is said to be in talks with property group Far East Organization, stored-value card operator EZ-Link, and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.
OCBC Bank and Standard Chartered have completed Singapore’s first overnight indexed swap derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark.
Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday.
Asian markets fluctuated Thursday with investors shifting cautiously following another Wall Street record as Donald Trump hailed progress in the China trade talks, while eyes are also on Hong Kong after another night of violent protests.
FRANKFURT: Daimler said Thursday (Nov 14) it planned to cut jobs to save more than €1 billion (US$1.1 billion) by the end of 2022, as the German luxury carmaker grapples with an expensive switch to greener vehicles. The Mercedes-Benz maker has also been hit by expensive recalls, a slowing global...
Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its US$13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders.
KEPPEL Corp's unit KC Management One will buy a 50 per cent stake in Pierfront Capital Fund Management (PCFM), a subsidiary and investment manager of Pierfront Capital Mezzanine Fund (PCMF), for US$7.8 million.
China and the United States are holding in-depth discussions on the first phase of a trade pact, and cancelling tariffs is an important condition to reach a deal, the Asian giant's commerce ministry said on Thursday.
Calm and considered, incoming BHP Group Ltd chief executive Mike Henry is seen as a safe pair of hands to steer the world's largest mining company through what he says are uncertain times.
To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3.
