Markets

THE Monetary Authority of Singapore (MAS) on Wednesday called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate. ...

Any potential conflicts that may arise from having investment giant BlackRock Inc buy corporate bonds and commercial mortgages on behalf of the Federal Reserve are being managed "extremely carefully," Fed Chair Jerome Powell said on Wednesday.

PayPal Holdings Inc reported an 86per cent jump in second-quarter profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic.

Qualcomm Inc on Wednesday forecast fourth-quarter revenue largely above Wall Street expectations, powered by strong sales of more lucrative 5G devices despite a weak overall smartphone market.

PayPal Holdings Inc reported an 86per cent jump in second-quarter profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic.

Qualcomm Inc on Wednesday forecast fourth-quarter revenue largely above Wall Street expectations, powered by strong sales of more lucrative 5G devices despite a weak overall smartphone market.

REUTERS: The surge in U.S. coronavirus cases and the restrictions aimed at containing it have begun to weigh on the economic recovery, the head of the Federal Reserve said on Wednesday, pointing to an apparent pullback by consumers and a slowdown in the rehiring of furloughed workers, particularly ......

The US ambassador in Brasilia warned of "consequences" if Brazil chooses Chinese telecoms company Huawei to develop its 5G network, in an interview published Wednesday.

FRANKFURT AM MAIN: German Finance Minister Olaf Scholz on Wednesday (Jul 28) said he gave lawmakers a "detailed" explanation of everything he knew about the fraud scandal that brought down payments firm Wirecard, amid criticism that authorities missed early warning signs of trouble. Wirecard filed ...

REUTERS: The Federal Reserve on Wednesday repeated a pledge to use its "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the economic path will depend significantly...