Markets

Denmark's largest bank Danske Bank has collected outdated or excessive debt from up to 106,000 customers due to errors in its IT system, the bank said on Monday.

JAKARTA: Indonesia is tightening import rules for some consumer products including sport footwear, bicycles and air conditioning electronics, its trade ministry said, after a surge in imports in May and June. Import permits will be required and tighter document controls put in place over the ...

SINGAPORE banks' capital ratios should be sustained at around 14 per cent over the next few years, or they risk triggering a rating downgrade, warned Fitch Ratings.

As COVID-19 cases in China sink to new lows, the world's largest population of university students is heading back to campus in a migration defined by lockdowns, patriotic education and cutting-edge surveillance equipment. 

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.