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Huawei CFO Meng Wanzhou’s lawyers accuse Canada federal police of lying

A defense lawyer for Huawei executive Meng Wanzhou accused a Canadian policeman on Wednesday of giving a "not honest" reply during the ongoing hearing on whether the Chinese national should be extradited to the US.

Markets

Visa Q4 profits plunge as COVID-19 pandemic slows payments worldwide

Visa 4Q profits plunge as pandemic slows payments worldwide

Markets

DBS creates buzz with its plans for crypto currency exchange

A DIGITAL currency exchange backed by Singapore's largest lender DBS is in the works, although the bank is still in the process of seeking regulatory approval.

Markets

Ant Group’s public tranche for accredited investors

ANT Group's blockbuster initial public offering (IPO) has been hogging the headlines - but retail investors in Singapore eager for a piece of the world's largest IPO will have to wait and buy on the open market after trading starts. Accredited investors, on the other hand, can...

Markets

S&P financials index may be bruised but not without bright spots

Financial stocks have lagged the broader equity market since the start of the year and since the late March crisis-low. But not all stocks are created equal in the S&P index that tracks the industry, which is down 23per cent year-to-date.

Markets

Ford posts stronger-than-expected quarterly profit, expects full-year pretax profit

Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year profit instead of a loss.

Markets

Pandemic’s latest spread triggers surge in VIX ‘fear gauge’ for US stocks

Wall Street's "fear gauge" is on track for its biggest weekly jump since March as investors worried about rising U.S. and European coronavirus cases, the lack of fiscal stimulus and uncertainty about the U.S. presidential election outcome.

Markets

Visa profit falls 23per cent as payment volumes plunge

Visa Inc reported a 23per cent drop in quarterly profit on Wednesday, as spending volumes at the payment processor sank due to the COVID-19 pandemic.

Markets

EBay third-quarter revenue beats estimates

E-commerce firm eBay Inc's quarterly revenue topped Wall Street expectations on Wednesday, as people staying at home due to the COVID-19 pandemic flocked to bigger rivals for online shopping.

Markets

SoftBank attempted to delay WeWork’s US$3 billion share purchase: court filing

SoftBank Group CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a US$3 billion payout to the office-sharing startup's shareholders, a court transcript released on Wednesday showed.

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