Markets

SINGAPORE: Singapore sovereign wealth fund GIC posted a drop in returns for the last financial year, as it warned of a challenging global economic outlook amid the COVID-19 pandemic. For the year ended Mar 31, GIC’s 20-year annualised real rate of return came in at 2.7 per cent, down...

The first five of a batch of French Rafale fighter jets purchased by New Delhi in a controversial multibillion-dollar deal headed to India on Monday for rapid deployment amid rising tensions with China.

Off a narrow corridor above a store selling Persian rugs in central Tokyo, a small office houses a private operation which won a tender in April to distribute more than US$20 billion in government aid to businesses hit by the new coronavirus.

THE national joint venture between Malaysia and Singapore, M+S Pte Ltd, on Monday announced that it has obtained a S$1.95 billion green loan for the integrated development Marina One from DBS, OCBC Bank and United Overseas Bank (UOB).

IN navigating an investment world plagued with low returns and heightened uncertainties, GIC stress- tests its portfolio across a range of plausible scenarios to ensure it is robust, a move which helped the investment fund protect Singapore's foreign reserve under its care against what it saw was...

A SKILLS map for family office advisers to deepen specialist skill sets was launched on Monday by the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS), as part of efforts to enhance Singapore's growing family office ecosystem.

Italy's Intesa Sanpaolo said it expected its takeover bid for rival UBI Banca to fully succeed as market regulator Consob extended it by two days to give shareholders more time to make an informed decision.

It runs, walks, and prances, rhythmically tapping its four feet before it sinks down on its haunches and crouches.

Italy's government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters.

Facebook Inc has taken the European Union to court for invading the privacy of its employees, the Financial Times reported on Monday citing two people with direct knowledge of the matter.