Markets

THE chief executives of Singapore’s banking trio drew lower salaries in 2020 as the pandemic took a bite out of banks’ earnings last year.

INVESTMENT firm Sun Venture has obtained an 85.5 million-pound (S$159.2 million) green loan from OCBC through the bank's London branch, the two entities said in a joint release on Monday.

SEOUL: South Korea's LG Electronics said on Monday (Apr 5) it will end production and sales of its loss-making smartphone division. LG had announced in January it was considering all options for the business after logging nearly six years of losses totalling some US$4.5 billion. Talks to sell ......

South Korea's LG Electronics Inc said on Monday it will end production and sales of its loss-making smartphone division.

Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while short-dated U.S. bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated.

SINGAPORE: Oil prices edged down in early Asian trade on Monday (Apr 5) after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. Brent crude futures for June fell 16 cents, or 0.2 per cent, to US$64.70 a barrel by 2351 GMT...

TOKYO: Japan may need to compile a supplementary budget for the current fiscal year to combat the economic blow from the coronavirus pandemic, a senior ruling party official was quoted as saying in a television programme that ran on Sunday (Apr 4). "If there's any shortage of funds, we'd...

BANGKOK: Thai farmer Jamras Kongchai is struggling to pay off 500,000 baht (US$16,082) in debt as money from the sale of her crops is not enough to make payments. Adding to the strain, the COVID-19 outbreak has shut a small construction firm where she worked for US$10 a day...

MUMBAI: China's ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, according to a filing seen by Reuters. ByteDance in January reduced its Indian workforce after New Delhi maintained a...

Samsung Electronics likely saw a 45 per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant.