Markets

China's new bank loans unexpectedly rose in May from the previous month but broader credit growth continued to slow, as the central bank seeks to contain rising debt in the world's second-largest economy.

Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on Thursday, in a "conservative" step that could prevent widescale use of the cryptocurrency by major lenders.

The architect of Australia's new law making Alphabet Inc's Google and Facebook Inc pay news outlets for content on Thursday rejected a suggestion the move was the result of lobbying by News Corp, calling the claim "extremely strange".

Italy aims to spur total investments of more than one billion euros (US$1.22 billion) to build an electric car battery factory with car maker Stellantis expected to play a leading role, three government sources told Reuters.

The head of global airline body IATA said on Thursday a digital travel pass for COVID-19 test results and vaccine certifications would go live in the coming weeks following a testing phase.

SINGAPORE: The judicial managers of Hyflux will hold a virtual townhall meeting at 1pm on Jun 18 for holders of the troubled water treatment firm’s perpetual securities, preference shares and medium-term notes. An update on the judicial management and a recent decision to apply with the courts to ......

The algorithm is considered the "secret sauce" behind short-video app TikTok's global success and was one of the focal points when China's ByteDance was forced into talks to sell part of TikTok's U.S operations last year following former President Donald Trump's executive order.

INDONESIAN fintech startup BukuWarung has raised US$60 million in Series A funding in a round led by Valar Ventures and Goodwater Capital.

An independent probe into Toshiba Corp's controversial annual shareholders' meeting last year concluded that the company, together with the government's industry ministry, effectively colluded to undermine shareholders' rights.

PARIS :French technology and digital company Ledger said on Thursday it completed a new US$380 million fundraising round that gave it a valuation of more than US$1.5 billion.