Markets

STATE Street Corp on Monday announced it has brought on board Mostapha Tahiri as head of Asia-Pacific and Joanne Chen as head of China.

Mitsubishi Motors Corp's former chairman, Osamu Masuko, died from "cardiac insufficiency" on Aug. 27, the Japanese automaker said in a statement on Monday. He was 71.

Japan is considering tax reform to attract foreign financial firms and skilled workers in an effort to improve the country's standing as a global financial centre, the Financial Services Agency said in annual policy guidelines released Monday.

BANGKOK: Thailand delayed on Monday (Aug 31) its US$724 million purchase of two submarines from China, following public outrage over the controversial deal as the kingdom's economy flatlines due to the coronavirus pandemic. Under a 2015 deal, Thailand was one of the first countries to buy Chinese ...

Israeli defence company Elbit Systems said on Monday its U.S. subsidiary won a contract to supply the U.S. Army with gunner hand stations, commander hand stations and circuit cards for the Bradley Infantry Fighting Vehicle.

Electrical equipment maker Philips on Monday said the U.S. Department of Health had cancelled the bulk of an order for 43,000 hospital ventilators, leading it to cut its 2020 earnings outlook.

THE Singapore Exchange (SGX) has signed a memorandum of understanding with Chinese securities brokerage house GF Securities Corporation to promote greater connectivity between Singapore and China's capital markets, SGX said on Monday.

SINGAPORE: Singapore’s social safety nets must adapt to the “major changes” in the economy and labour market so as to keep inequality in check, said Deputy Prime Minister Heng Swee Keat on Monday (Aug 31) in Parliament. With economic changes picking up pace and job disruptions due to technology...

China's "big four" banks have suffered a rare profit decline in the first half of the year, joining a growing body of financial institutions worldwide that have been hit by the coronavirus pandemic.

The Australian operation of Chinese telecommunications equipment maker Huawei said on Monday it would end its sponsorship of a national rugby league team a year earlier than expected due to a downturn in its business.