Markets

Targeting higher inflation, as the Federal Reserve suggested it would do in a revamp of its monetary policy strategy on Thursday, could end up slowing growth instead of boosting it unless the U.S. central bank's message to households and businesses is carefully crafted and conveyed.

Yum China Holdings Inc filed an application for a secondary listing in Hong Kong on Friday, a rising trend among some Chinese firms to list closer to home in a bid to mitigate risks from escalating U.S.-China tensions.

U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up.

SINGAPORE: The COVID-19 crisis continues to hit the aviation sector, with ground handling company dnata being the latest to lay off employees. Affected staff members were informed of their retrenchment on Friday (Aug 28). In response to CNA's queries, dnata told CNA that it had to take steps to ......

U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up.

1/ THE END OF THREE ARROWS

At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley , Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thing to do.

Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls found.

SINGAPORE: Aircraft manufacturer Boeing called on three airlines to pull eight 787 Dreamliners from service, after it found a manufacturing issue in the jet's structure, aviation website The Air Current reported on Friday (Aug 28). Aircraft for Singapore Airlines, United Airlines and Air Canada ...

Coca-Cola Co said on Friday it would reduce its global workforce as part of a company-wide restructuring.