Markets

CIMB Singapore has dropped three long-time banking heads, as the lender restructures its business amid dismal results in the Republic.

Amazon.com Inc said on Thursday it had laid off dozens of staff working on the e-commerce giant's delivery drone project as part of a reorganization of the team.

SINGAPORE: The Competition and Consumer Commission of Singapore (CCCS) has lifted the measures it imposed on Grab in September 2018 over its merger with Uber. This comes after Singapore’s new point-to-point (P2P) transport regulatory framework came into effect on Oct 30, the watchdog said in a ...

BEIJING: China has extended debt relief to developing countries worth a combined US$2.1 billion under the G20 framework, the highest among the group's members in terms of the amount deferred, the country's Finance Minister Liu Kun said on Friday (Nov 20). Liu's comments come as African countries ...

TOKYO: Japan aims to expand a major regional free trade pact called the CPTPP, Prime Minister Yoshihide Suga said on Friday (Nov 20), potentially catering for China's and Britain's interest in joining the deal. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) links ...

General Motors Co Chief Executive Mary Barra said the Detroit automaker is accelerating an "all out pursuit of global EV leadership," challenging electric vehicle leader Tesla Inc with increased spending and sped-up vehicle production targets.

KUALA LUMPUR: Malaysia's state energy firm Petronas on Friday (Nov 20) said it is stepping up investments in hydrogen as part of a global push to produce carbon-free energy, even as the firm expands its portfolio in liquefied natural gas and renewable energy. "The trajectory for moving towards ...

SHANGHAI: An aggressive China-led shift to electric vehicles is expected to slash global oil demand growth by 70 per cent by 2030 and will help bring an end to the "oil era", according to research by the Carbon Tracker think tank published on Friday (Nov 20). Within 10 years, China...

BEIJING: Over 60per cent of American businesses in China are more optimistic about doing business in China after the results of the United States presidential election, according to a business group survey released on Friday. However, nearly one third of companies believed China-U.S. trade ...

United Airlines and American Airlines said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic.