Markets

A gauge of Asian shares was set to cling to a near three-year peak while the dollar stayed sluggish on Friday as the prospect of a divided U.S. legislature dimmed the chance of major policy changes, lifting risk appetite.

Billionaire activist investor Carl Icahn raised his stake in U.S. printer maker Xerox Holdings Corp to about 14.4per cent as of Nov. 5, according to a filing https://www.sec.gov/Archives/edgar/data/921669/000092846420000070/xrxsc13da11052020.htm, months after he backed the company's abandoned ...

SINGAPORE banks sense a slight lift in business sentiment, which has eased some of their worst fears.

DBS chief executive Piyush Gupta said that the bank is seeing "some episodic corporate stress" in its portfolio, with non-performing asset (NPA) formation to pick up as government relief moratoriums expire in 2021.

OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.

The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery threatened by a spreading coronavirus pandemic and facing uncertainty over a still-undecided presidential election.

Uber Technologies Inc on Thursday stuck to its projection of making an adjusted profit by the end of next year despite the pandemic, as demand for its food-delivery service expanded and its ride-hail business continued its slow recovery.

Facebook on Thursday (Nov 5) said it had taken down a rapidly growing group where some supporters of US President Donald Trump posted violent rhetoric and baseless claims that Democrats were stealing the election.

Volkswagen will tweak its strategy to maintain investment momentum for developing electric and autonomous cars as it tries to make up for lost revenues caused by the coronavirus pandemic, the company's chief executive said.

Those who banked on a big U.S. government spending splurge may be dismayed but two days on from U.S. Election Day, investors are looking on the bright side - less regulatory tightening than feared and a central bank still in full money-printing mode.