Markets

DESPITE being "relatively confident" of exiting coal-financing within the next two decades, UOB has refrained from making a public position to focus on helping its clients make the transition, said Eric Lim, the bank's newly-appointed sustainability chief.

A senior Republican U.S. senator on Tuesday asked the chief executives of Toshiba America Electronic Components, Seagate Technology, and Western Digital Corp if the companies are improperly supplying Huawei with foreign-produced hard disk drives.

Oil prices rose on Tuesday, as lingering fears of gasoline shortages due to the outage at the largest U.S. fuel pipeline system after a cyber attack brought futures back from an early drop of more than 1per cent.

The small US manufacturers that rushed to produce face masks over the past year are now stuck with hundreds of millions of unsold face coverings because China is flooding the market with below-cost masks, and most may not survive the end of the pandemic.

A pandemic-driven boom in home appliance sales will last longer than previously anticipated and extend into the second half of the year, Samsung Electronics Co Ltd's head of the business said.

SINGAPORE: Singapore Technologies Engineering's aviation asset management unit has agreed to set up a joint venture with Temasek for freighter aircraft leasing, amid growing demand for freighter aircraft as e-commerce and air cargo volumes rise. The joint venture aims to build a portfolio valued ...

BEIJING: Chinese startup Full Truck Alliance aims to raise around US$1.5 billion from its initial public offering in New York which will value the company at more than US$20 billion, a source familiar with the matter said on Tuesday. CNBC reported earlier on Tuesday that Full Truck Alliance ......

Toshiba Corp's board is set to appoint UBS as financial adviser to work on a strategic review for the Japanese conglomerate facing a possible private equity bidding war, people familiar with the matter said.

The non-performing loan ratio for China's commercial banks was at 1.8per cent as of end-March, while outstanding non-performing loans totalled 2.8 trillion yuan (US$435.80 billion), the country's banking and insurance regulator said on Tuesday.

REUTERS: China Hongqiao Group will put a secondary, or recycled, aluminium production line into operation in its home province of Shandong at the end of this year, the world's top private-sector aluminium maker said in a statement on Tuesday. The joint project with Germany's Scholz Recycling ...