Markets

UOB on Thursday said first quarter net profit rose 18 per cent from the year-ago period, with the rebound driven by record fee income and smaller impairment charges.

UOB said it will look at assets that Citi is putting up for sale in Asia Pacific, joining its Singapore peers in hunting down acquisitions for growth.

What the glittering top line economic growth figures out of China do not show is the millions of Chinese still living in poverty and this is an important driver of China’s political strategy, says an economics professor.

The hardships of the pandemic seem to have triggered a surge in some forms of labour organising, says an economist.

PRUDENTIAL Assurance Co Singapore has won a lawsuit against its former top group agency manager, Peter Tan Shou Yi, over the poaching of more than 220 agents for rival Aviva.

Uber Technologies said on Wednesday (May 5) its food-delivery business continued to grow despite gradual signs of US recovery from the COVID-19 pandemic, but ride-hail bookings were flat from the previous quarter.

Family members who lost relatives in the second deadly crash of a Boeing 737 Max met on Wednesday (May 5) with top officials of the Transportation Department to renew their push for the ouster of top federal aviation officials, whom they accuse of being too cozy with Boeing.

General Motors’ first-quarter net income surged to US$2.98 billion as strong US consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.

Ford has raised its stake in a manufacturer of solid-state batteries - a move that its chief product and operations officer, Hau Thai-Tang, says will strengthen the company's effort to increase the range and reduce the costs of its next generation of electric vehicles.

WASHINGTON: US Trade Representative Katherine Tai said on Wednesday she expects to engage "in the near term" with Chinese officials to assess their implementation of the "Phase 1" trade deal between the two countries, with the outcome to influence the fate of Washington's punitive tariffs on ...