BEIJING/HONG KONG: China's top financial regulators told Ant Group Co Ltd's founder Jack Ma and two top executives that the company's lucrative online lending business faces tighter government scrutiny, sources told Reuters, days before its record-setting listing. Ant's controller Ma, its ...
SINGAPORE: Parliament passed several updates to the Goods and Services Tax (GST) Act on Tuesday (Nov 3), including giving tax enforcement officers greater powers to seize goods when investigating tax crimes. New measures to counter a fraud scheme used by syndicates, known as the missing trader ...
SINGAPORE: Days after department store Robinsons announced it was closing its last two outlets in Singapore, some suppliers said they are owed thousands of dollars by the 162-year-old retailer. These suppliers sell their products on consignment, where they are paid only after goods are sold to ...
China's Ant Group is expected to double its market value on debut, as unmet demand from mom-and-pop investors and an impending inclusion in major global indexes could offset worries about tighter regulations, fund managers said.
Asset manager Standard Life Aberdeen has overhauled its company engagement process after being burnt by a scandal at fast-fashion retailer Boohoo over allegations of poor working conditions at some of the company's suppliers earlier this year.
German regulators were "deficient" in how they supervised payments company Wirecard and were at risk of being overly influenced by the Finance Ministry, the European Union's markets watchdog said on Tuesday.
President Donald Trump raised barriers for Chinese companies seeking to invest or raise money in the United States that will have a lasting impact even if he does not win a second term, according to dealmakers and policy experts.
Twitter Inc late on Monday flagged a tweet by U.S. President Donald Trump in which he called a Supreme Court decision on voting in Pennsylvania "very dangerous."
Saudi Arabian state oil group Aramco on Tuesday reported a 44.6per cent drop in third-quarter net profit, in line with analysts' estimates, hit by lower crude oil prices and volumes sold, and weaker refining and chemicals margins as the coronavirus depressed demand.
Drugs and farming pesticides maker Bayer said the costs of its settlement over claims its Roundup weedkiller causes cancer, initially put at US$11 billion, would be US$750 million higher.
