Markets

South Korea's National Pension Service (NPS) said on Friday it will maintain its target allocation rates of stocks, bonds and alternative investments at the current 50per cent, 35per cent and 15per cent respectively until the end of 2026.

SINGAPORE: Finance Minister Lawrence Wong has been appointed deputy chairman of the Monetary Authority of Singapore's (MAS) board of directors, the central bank said on Friday (May 28). He will join the board from Jun 1 to May 31, 2024. He previously served on the board from Jun 10, 2011, to Aug ......

Morgan Stanley is buying stakes put up for sale by its partner in their China securities and mutual funds joint ventures for about US$150 million, according to a statement by the partner, moving towards full ownership of the businesses.

Charging stocks markets were on track for a seventh day- and fourth straight month of gains on Friday, as investors bet the United States will lead the world economy out of its COVID-19 slump with a US$6 trillion spending boom.

Malaysia is set to escalate a trade dispute with the European Union and two member states for restricting palm oil-based biofuels, WTO filings showed ahead of a meeting of its dispute settlement body on Friday.

Polish video games maker CD Projekt said on Friday it had appointed Gabriel Amatangelo as a new director of its flagship game Cyberpunk 2077 as the company seeks to recover from the game's bug-ridden release last year.

SINGAPORE: More sectors affected by the latest COVID-19 restrictions will get wage subsidies under the Jobs Support Scheme, Finance Minister Lawrence Wong said on Friday (May 28). Mr Wong, who is also co-chair of the COVID-19 multi-ministry task force, said the toughened measures have helped ...

Japan's Renesas Electronics Corp will issue 167 million new shares to raise 218.5 billion yen (US$1.99 billion), the major supplier of automotive semiconductors said on Friday, aimed in part at helping to fund its acquisition of Dialog Semiconductor.

Swedish "buy now, pay later" company Klarna on Friday reported a jump in transactions using its platform for the January-March quarter, helped mainly by growth in the United States.

Malaysia's palm oil giant FGV Holdings reported a first quarter net loss on Friday, warning of continuing challenges due to the COVID-19 pandemic though it forecast that crude palm oil prices would remain high.