Markets

SINGAPORE sits as an important node in booking offshore wealth flows from the region. Given this, Citi's latest move to double down on hubs like Singapore will have it join peers tapping the Republic as a big regional magnet for offshore wealth.

Electric carmaker Tesla is facing a backlash in China just as local competitors seek to challenge the US-based company's share of the Asian giant's market.

Airbus has launched the biggest shake-up of its manufacturing network in more than a decade, with large-parts activities reorganised in France and Germany and some small-parts production hived off ahead of a possible future sale.

Risky uses of artificial intelligence that threaten people’s safety or rights such as live facial scanning should be banned or tightly controlled, European Union officials said on Wednesday (Apr 20) as they outlined an ambitious package of proposed regulations for the rapidly expanding technology.

WASHINGTON: The United States on Wednesday (Apr 21) imposed new Myanmar-related sanctions, targeting two state-owned businesses in Washington's latest in a series of punitive actions following the Feb 1 military coup in the Southeast Asian country. Washington blacklisted Myanma Timber Enterprise ...

Australia on Wednesday announced it would revoke a state government's deal to join China's Belt and Road Initiative, saying it was inconsistent with the nation's foreign policy.

After spending hours fruitlessly calling government helplines in a search for a hospital bed for a critically ill COVID-19 patient, Indian lawyer Jeevika Shiv posted an SOS request on Twitter.

SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Apr 21). For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$49,640 - up from S$45,600 in the last exercise. Category A ...

SINGAPORE: Mediacorp has named editor-in-chief Walter Fernandez as chief sustainability officer in a concurrent appointment, a move that "signals a long-term commitment to sustainability", said the company on Wednesday (Apr 21). The appointment will come into effect on May 1. "The chief ...

THE three incumbent banks in Singapore - DBS, OCBC and UOB - could face modest competition from digital banks in the near term, but they are equipped to handle that smoothly, said a Fitch Ratings report on Wednesday.