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Markets

Cadillac, Buick help GM to first China sales growth in two years

General Motors Co's (GM) vehicle sales in China grew 12per cent over July-September versus the same period a year earlier, the Detroit automaker's first Chinese quarterly sales growth in two years.

Markets

Collapse of global tax talks could cost US$100 billion, OECD says

The global economy could shed more than 1per cent of output if international talks to rewrite cross-border tax rules break down and trigger a trade war, the OECD said on Monday, after countries agreed to keep up negotiating to mid-2021.

Markets

China, Cambodia clinch free trade pact in under a year

PHNOM PENH: China and Cambodia signed a free trade agreement on Monday (Oct 12), put together in under a year and aimed at slashing tariffs and boosting market access between Beijing and one of its most important Asian allies. The agreement, for which talks started late last year, covers...

Markets

Businessman Shetty seeks India probe of NMC, Finablr ex-CEOs over US$6 billion scandal

Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group.

Markets

Etiqa Insurance Singapore names new chief executive

ETIQA Insurance Singapore has appointed Raymond Ong Eng Siew as its new chief executive officer (CEO) with effect from Oct 16, the insurer said on Monday in a press statement.

Markets

Daimler, Swiss Re launch mobility insurance venture

FRANKFURT: Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday (Oct 12), seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk. The reinsurer and Daimler, parent of the Mercedes-Benz ...

Markets

New IAG boss appoints Aer Lingus’ Doyle as BA CEO

Luis Gallego, who took over as CEO of IAG last month, stamped his mark on the airlines group on Monday by promoting Aer Lingus boss Sean Doyle to lead British Airways, replacing Alex Cruz with immediate effect.

Markets

US election outcome will not impact bullish energy outlook: Goldman

Goldman Sachs said the outcome of U.S. elections would not impact its bullish oil and natural gas outlook and that an overwhelming Democratic victory could be a positive catalyst for these sectors.

Markets

Retailers need to move away from traditional business model to survive: Chan Chun Sing

SINGAPORE: With the retail industry “severely impacted” by COVID-19, there is a need for retailers to “break new ground” and transition to a new business model in order to survive, said Trade and Industry Minister Chan Chun Sing on Monday (Oct 12). Speaking to the media after a visit...

Markets

SAP users face cost squeeze, pressure to digitalise – survey

The customers of software group SAP are suffering severe declines in revenue and earnings while at the same time facing intensifying pressure to hike IT spending to go digital, a survey showed on Monday.

Markets

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