U.S. hedge fund Third Point LLC, which had been pressing Sony Corp to make changes including spinning-off of its chip unit, has sold all of its American Depositary Receipts (ADRs) in the Japanese conglomerate, regulatory filings showed.
Kuwaiti aircraft leasing company Alafco said on Wednesday it has reached an agreement with Airbus to delay the delivery of aircraft ordered from the planemaker.
General Motors is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of growth in a country that contributes nearly a fifth of its profit.
Goldman Sachs and Malaysia have signed an agreement finalising the US bank's US$3.9 billion settlement over the 1MDB scandal, allowing for its implementation.
THE Monetary Authority of Singapore (MAS) has issued five-year and three-year prohibition orders against former insurance agent Aw Yong Seng and former bank employee Johnny Chew Swee Sun respectively, for fraud and dishonest conduct.
SINGAPORE: A former insurance agent and a former bank employee have been issued prohibition orders for fraud and dishonest conduct in separate cases, temporarily barring them from several financial practices. The men, who have been jailed for their actions, previously worked for Prudential ...
No new high-level trade talks have been scheduled between the United States and China but the two sides remain in touch about implementing a Phase 1 deal, White House Chief of Staff Mark Meadows told reporters aboard Air Force One on Tuesday.
TEMASEK's wholly-owned subsidiary Fullerton Financial Holdings (FFH) and Bank of China (BOC) on Tuesday jointly established the Bank of China-Fullerton Community Bank Co (BOC-Fullerton) in Xiong'An New District in China's Hebei province.
A new team of Japanese experts headed to Mauritius on Wednesday with special oil-absorbent materials to help the clean-up of tonnes of oil that leaked from a Japanese-owned ship.
SHANGHAI: China wants its army of mom-and-pop investors to take corporate fraudsters to task with landmark class action lawsuits, but heavy government involvement means they are not likely to be as common as in other legal systems, lawyers and investors said. The legal framework, which follows a ...
