The nominee to become the European Union's next finance commissioner pledged on Tuesday to propose new rules to regulate crypto currencies such as Facebook's Libra.
U.S. sports brand Vans removed "a small number" of submissions in a global sneaker design competition, including one featuring a yellow umbrella and people wearing helmets and masks, as the company distanced itself from months-long protests in Hong Kong.
On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.
KUALA LUMPUR: The Malaysian government has no reason to reintroduce the Goods and Services Tax (GST) as frequent changes to the tax system will adversely affect the economy and lower investor confidence, said Prime Minister Mahathir Mohamad on Tuesday (Oct 8). "Many types of taxes have been ...
WASHINGTON: The US Commerce Department announced on Monday (Oct 7) that it is blacklisting 28 Chinese entities that it says are implicated in rights violations and abuses targeting Uighurs and other mostly Muslim minorities in the Xinjiang region. Secretary of Commerce Wilbur Ross announced the ...
SINGAPORE: A grant to develop Singapore's first virtual power plant (VPP) has been awarded to Nanyang Technological University (NTU), said the Energy Market Authority (EMA) and Sembcorp on Tuesday (Oct 8). A VPP is a digital platform that coordinates energy resources - such as solar ...
(Corrects 13th paragraph to say profit, not revenue)
Australia's ANZ Bank said Tuesday its half-year cash profit would take a A$559 million (US$376 million) hit as a result of reimbursing customers for unfair fees and dodgy financial advice.
HONG KONG: The Hong Kong Stock Exchange on Tuesday (Oct 8) dropped its takeover bid for the prized London Stock Exchange Group. A shock proposal of more than £30 billion (US$39 billion) was made by HKEX for LSEG on Sep 11, but LSEG formally rejected the offer the following day...
Prospects for progress in US-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing's treatment of predominantly Muslim ethnic minorities, and President Donald Trump said a quick trade deal was unlikely.
