Markets

FRESH guidelines from the Singapore regulator on the financial industry state that most financial institutions should have a succession plan that is "regularly reviewed and updated".

STANDARD Chartered veteran Judy Hsu will be moved to a global role from Jan 1, 2021. She will take charge of a new consumer, private and business banking (CPBB) business under a slew of changes in the bank's organisation structure.

Bayer's Chief Executive Werner Baumann was given an extension of his contract until 2024, months after agreeing an US$11 billion settlement of US lawsuits over its Roundup weedkiller.

Shares of Portland General Electric plummeted as much as 16per cent after media reported that the utility has received unconfirmed information that some fires in Oregon region may have been started by its electrical equipment.

Walt Disney Co expects to have reopened "a little over 50 per cent" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy

Exercise bike maker Peloton Interactive Inc posted a 172per cent rise in quarterly revenue on Thursday, benefiting from a surge in subscribers and demand for its fitness products during the coronavirus pandemic.

Business software maker Oracle Corp beat quarterly revenue expectations on Thursday as more companies signed up for its cloud services and software to support their remote workforce amid the COVID-19 pandemic.

Walt Disney Co expects to have reopened "a little over 50per cent" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy, who spoke via online video to the Bank of America Virtual 2020 Media, Communications & Entertainment Conference on...

U.S. Senator Marco Rubio, a Republican and a China hawk, asked for a national security review of plans by General Nutrition Centers , or GNC, to sell itself to Harbin Pharmaceutical Group Co Ltd.

American Airline's wholly-owned regional carrier Envoy is closing its bases at La Guardia and John F. Kennedy airports in New York as it "makes changes to its flying profile in 2021," according to a memo from Envoy to employees seen by Reuters.