Markets

SINGAPORE: With better-than-expected data showing the economy back in expansion mode for the first quarter of 2021, economists said “green shoots” of recovery are emerging for Singapore following a year in the doldrums due to the COVID-19 pandemic. Gross domestic product (GDP) grew 0.2 per cent ...

BRUSSELS: Ryanair on Wednesday (Apr 14) had another setback in its fight against state aid for rival airlines after Europe's second-highest court again backed EU competition regulators' approval of support for SAS and Finnair. Europe's biggest budget airline has filed 16 lawsuits against the ...

TOKYO: Japan's nuclear regulator said on Wednesday (Apr 14) that it would bar Tokyo Electric Power Co (TEPCO), operator of the wrecked Fukushima Daiichi nuclear plant, from restarting its only operable atomic power station due to safety breaches uncovered last year. The setback marks another low ...

OSLO: Norwegian Air now aims to raise up to 6 billion crowns (US$711 million) in fresh capital, up from a planned 4.5 billion crowns, to bolster its resources before emerging from bankruptcy protection next month as the pandemic continues to curb travel. Financed largely by debt, Norwegian Air ......

SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J Safra Sarasin Ltd, Singapore Branch (BJS) for failing to comply with MAS' Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.  Between March 2014 and ...

SINGAPORE: The Urban Redevelopment Authority (URA) said it could consider reviewing tenant restrictions for an empty mall in Changi if there are "changes to the circumstances" of the surrounding area.    It was reported that the freehold, three-storey commercial building has been put up for sale ...

THE Singapore branch of Swiss private bank Bank J. Safra Sarasin (BJS) has been fined the maximum of S$1 million for failing to comply with requirements to prevent money laundering and terrorism financing.

Some special acquisition purpose company deals are genuinely innovative, but others feel like the last days of a bubble, says the Financial Times’ Brooke Masters.

A record fine, public penitence from a tech giant and a 'who's who' of digital firms warned to "rectify" their ambitions within a month -- state regulators are showing no one is bigger than Beijing in Xi Jinping's China.

The Japanese owner of a megaship seized after blocking the Suez Canal has said it is negotiating with Egyptian authorities after they demanded $900 million in compensation for its release.