Markets

Faced with the costs of competing in a world of electronic and algorithmic trading, many banks are outsourcing parts of their foreign exchange businesses, a trend that may cement big lenders' dominance of global currency trading.

Chinese telecom giant Huawei Technologies said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally.

Citigroup Inc has closed its market making business in retail options that serves retail broker-dealers, the Financial Times reported on Wednesday, citing three people with knowledge of the decision.

SINGAPORE: The Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI) have launched a call for proposals on the electrification of harbourcraft in a bid to reduce carbon emissions. A total of S$9 million from the Maritime GreenFuture Fund will be set aside to co ...

THE Infocomm Media Development Authority (IMDA) has partnered DBS, OCBC and UOB to develop banking solutions, leveraging nationwide e-invoicing network InvoiceNow with the PayNow e-payment system.

SINGAPORE digital banking licence hopeful Zall Smart Commerce Group on Wednesday said it is expanding its Singapore operations and scaling up its investments in the Republic.

With the coronavirus devastating jobs across the country, desperate Indonesians are flocking to illegal gold mines as the soaring price of the precious metal overrides the risk to their lives and the environment.

BENGALURU: Business sentiment among Asian firms rebounded in the third quarter as easing COVID-19 restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/INSEAD survey showed on Wednesday (Sep 23). Asian firms' outlook for the ...

China's Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city's bourse said late on Tuesday, moving a step closer to a planned dual-listing expected to be worth about US$35 billion.

SHANGHAI: Huawei Technologies will do everything it can to strengthen its supply chain which has been "attacked", its rotating chairman Guo Ping said on Wednesday (Sep 23). Guo was speaking at the Chinese smartphone and telecoms gear maker's annual Huawei Connect event in Shanghai that focuses on ...