Australia's Westpac Banking Corp said on Wednesday (Oct 14) it will exit operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, following a review of its international operations. The country's second-largest lender said it will exit operations ...
G20 finance ministers and central bankers are set to hold talks Wednesday aimed at spurring global recovery from a coronavirus-triggered recession while considering a proposal to extend debt relief for crisis-hit poor countries.
In South Korea, some of the world's biggest food delivery firms are scrambling to surf an estimated US$4 billion wave of new orders, contracting thousands of new riders in a boom triggered by the scourge of the global economy - the coronavirus pandemic.
AMC Entertainment Holdings Inc may need to raise additional capital as an option, either entirely or mostly through equity, the CEO of the cinema operator, Adam Aron, told Reuters late on Tuesday.
SINGAPORE: The Monetary Authority of Singapore (MAS) on Wednesday (Oct 14) kept its exchange rate-based monetary policy unchanged after two consecutive rounds of easing, in line with market expectations. In its half-yearly monetary policy statement, the Singapore central bank said it will ...
Hyundai Motor Group's heir apparent Euisun Chung was promoted to the group's chairman, a person familiar with the matter said, formally cementing his inheritance of the leadership position in the world's fifth-largest automaker group from his octogenarian father.
SINGAPORE: The Singapore economy shrank at a slower place of 7 per cent in the third quarter from the same period last year, following the phased reopening of the economy after the COVID-19 "circuit breaker" period. This compares with an estimated 7.6 per cent contraction by private-sector ...
Jeffrey Ubben, the former activist turned ethical investor, said on Tuesday that environmental, social and governance concerns will increasingly hit companies' stock prices, just as climate change hurt oil and gas companies' shares.
The World Bank said its executive board approved on Tuesday US$12 billion in new funding for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests and treatments for their citizens.
Hyundai Motor Group's heir apparent Euisun Chung was promoted to the group's chairman, a person familiar with the matter said, formally cementing his inheritance of the leadership position in the world's fifth-largest automaker group from his octogenarian father.
