HONG KONG: HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use digital ledger technology, or blockchain, to streamline the traditionally paper-based and bureaucratic business ...
Argentina's international dollar bonds hit record lows on Monday while its financial stocks tumbled and risk premia shot up after President Mauricio Macri reimposed capital controls on Sunday as the country's debt crisis spirals.
Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom's sovereign wealth fund, known as the PIF, as the chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official.
LONDON: Tata Steel is to shut a plant in Wales but has agreed to safeguard jobs elsewhere, the Indian giant announced Monday (Sep 2), as it restructures amid the collapse of a mega-merger. Tata, Britain's biggest steel operator, said it will close its Orb Electrical Steels in Newport, South Wales...
The United States and Poland believe suppliers of 5G network equipment should be rigorously evaluated for foreign government control, a joint declaration signed on Monday said, as Washington pressures allies to exclude China from 5G networks.
THE HAGUE: Dutch national carrier KLM said it scrapped 28 round-trip flights Monday (Sep 2) across Europe after ground staff downed tools in a two-hour strike for higher wages. Airline spokeswoman Manel Vrijenhoek said the move came after a section of ground crew belonging to the largest Dutch ...
The top Dutch tax politician has denied meeting representatives of Uber Technologies, in answer to questions from parliament about why the company has been allowed to claim a provisional US$6.1 billion tax write-off in the Netherlands.
China has lodged a case against the United States with the World Trade Organization (WTO) over U.S. import duties, the Chinese commerce ministry said on Monday.
Deutsche Bank's chief executive Christian Sewing will spend 15per cent of his monthly net salary buying the German lender's shares starting in September, a regulatory filing showed on Monday.
JAKARTA: It's the size of a credit card and about as slim. But if you're trapped under rubble after an earthquake, it just might save your life. A trio of Indonesian university students has invented a device that uses high-frequency signals to help locate victims after a natural disaster....
