Markets

SINGAPORE: The month of May, with a few public holidays, is usually the most profitable period of the year for eateries such as Chinese restaurant chain Yunnans.  “There’s Labour Day, Mother's Day, Vesak Day – and also a lot of long weekends”, said Yunnans' chief operating officer Reuben Chua ...

BANGKOK: Thailand's central bank left its key interest rate unchanged at a record low of 0.5 per cent on Wednesday (May 5), preserving its limited ammunition to support Southeast Asia's second-largest economy struggling with a third wave of COVID-19 infections. The latest outbreak has slowed ...

MUMBAI: India's central bank unveiled measures to help lenders tide over mounting bad loans, also providing relief to individual borrowers by including one-time debt restructuring for loans, as COVID-19 infections in the country trigger strict lockdowns in several states. The moratorium will be ...

BERLIN: German fashion house Hugo Boss expects sales in China to keep growing fast despite calls for a boycott of Western brands by Chinese consumers launched in late March over Western accusations of forced labour in Xinjiang. The company known for its smart men's suits saw first-quarter sales ......

PRUDENTIAL Assurance Co Singapore has won a lawsuit against its former top group agency manager Peter Tan Shou Yi and his firm over the poaching of more than 240 agents for rival Aviva, the High Court ruled on Wednesday.

Hyundai is recalling more than 390,000 vehicles in the US and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made.

SINGAPORE: Retail sales grew for the second consecutive month in March, up by 6.2 per cent year-on-year compared to the revised 5.3 per cent in February. Excluding motor vehicles, sales went up by 4.4 per cent in March compared to 7.8 per cent in February. On a year-on-year basis, sales across...

TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) is planning to build several more chipmaking factories in the US state of Arizona beyond the one currently planned, three people familiar with the matter told Reuters. TSMC, the world's largest contract chipmaker, announced in May 2020 that ...

The US Treasury Secretary suggested earlier that interest rates may need to rise slightly to keep the economy from overheating. Those remarks sent stock prices down with the declines led by tech shares.

US interest rates may have to increase "somewhat" to keep a lid on inflation if President Joe Biden's latest spending proposals are enacted and the economy heats up, Treasury Secretary Janet Yellen said on Tuesday (May 4).