Investors’ latest love affair with equity markets may continue this year, but the prospects for global growth looks bleak, says Nouriel Roubini.
BUENOS AIRES: Argentina adopted a new measure on Monday (Apr 29) aimed at stabilising its exchange rate, six months out from presidential elections in which economic worries are having an impact on opinion polls. The central bank now has the power to sell up to US$250 million a day...
OCBC Bank, Singapore's second largest lender, said on Monday that bancassurance remains a core part of its business, when asked if the bank would consider outsourcing it to another partner as its local peers have done.
DBS Group Holdings posted a 9 per cent rise in Q1 earnings to a record S$1.65 billion on higher margin, strong trading income and a S$100 million write-back due to improved credit quality.
DBS Group Holdings, the nation's largest home loan provider, saw its mortgage book shrink for the first time in years in the first quarter of 2019, chief executive Piyush Gupta said on Monday.
The tiny, two-person Smart cars once pitched as the next big thing in urban mobility will be discontinued in the United States and Canada at the end of the current model year, German automaker Daimler AG said on Monday.
Colombia's Avianca Holdings SA said on Monday it is experiencing "reputational harm" from its association with Avianca Brasil, an air carrier that licenses its name and has canceled over 1,000 flights amid a bankruptcy restructuring.
The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation.
LONDON: Europe's stock markets had a lacklustre session on Monday (Apr 29) as a Spanish election brought uncertainty and weak eurozone data weighed, but were helped off their day's lows by another record-breaking Wall Street performance. The broad S&P 500 index reached a fresh high in the New York ......
Makan Delrahim, the head of the U.S. Justice Department's Antitrust Division, said on Monday that there had been no decision made on whether to approve the merger of Sprint and T-Mobile but that meetings on the matter continued.
