Markets

SINGAPORE: A consultation report released on Wednesday (Jul 29) has recommended that the SGD Singapore Interbank Offered Rates (SIBOR) be discontinued in three to four years, with a shift instead to the use of the Singapore Overnight Rate Average (SORA) as the main interest rate benchmark for SGD ...

U.S. Treasury Secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation to the president about the popular Chinese-owned video-sharing app this week.

Leasing giant AerCap has reduced its order for Boeing's grounded 737 MAX aircraft by 15 planes, leaving it with 80 of the planes on order as regulators continue to review the 737 MAX's return after two fatal crashes.

LONDON: London's Heathrow airport on Wednesday (Jul 29) urged the government to create a COVID-19 testing programme for travellers to replace quarantines, as it announced more than a billion pounds in losses in 2020. The air hub, usually the busiest in Europe, said it had recorded a pre-tax loss ......

Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as it reported a bigger-than-expected quarterly loss due to the fallout from the COVID-19 pandemic.

U.S. Treasury Secretary Steve Mnuchin said on Wednesday social media app TikTok is under federal government review and a recommendation will be made to President Donald Trump on it.

The top U.S. diplomat in Brazil said in a newspaper interview that the country may face "consequences" if it allows China's Huawei Technologies into its 5G network, referring to U.S. warnings that China fails to protect intellectual property.

Turkey adopted a new social media law on Wednesday that critics say will create a "chilling effect" on dissenting voices who have resorted to Twitter and other online platforms as the government tightened its grip on mainstream media.

Leasing giant AerCap has reduced its order for Boeing's grounded 737 MAX aircraft by 15 planes, leaving it with 80 of the planes on order as regulators continue to review the 737 MAX's return after two fatal crashes.

U.S. advertisers would be left with few choices and social media competition would dry up without TikTok, Kevin Mayer, the new CEO of the popular short video app that is owned by Chinese internet giant ByteDance, wrote in a blog post on Wednesday.