Markets

Citigroup will refund more than AUS$3 million (US$2.2 million) to retail customers in Australia who suffered losses from complex investments sold by the bank, the country's corporate watchdog said on Monday.

CIMB Bank Berhad, Singapore Branch has unveiled insurance coverage to protect domestic dogs and cats against accidents and illnesses, underwritten by Sompo Insurance Singapore.

Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters.

CHICAGO: Normally, US airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: Scarce planes and booming demand.  The grounding of Boeing Co's fuel-efficient, single-aisle workhorse after two ...

More than a thousand pilots of India's debt-laden Jet Airways will not fly from Monday as they have not been paid salaries for the past three months, President of the National Aviators Guild said on Sunday.

HONG KONG: Asia's internet firms are challenging the region's traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps ...

FINANCIAL services provider State Street Corporation has appointed Francisco Aristeguieta as chief executive officer for its international business. He was most recently CEO of Citigroup’s Asia business.

SHANGHAI: Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China's growing elite, despite the country's slowing economy. The Asian Business Aviation Conference & Exhibition, (ABACE) opens on ...

The private equity bubble may be threatening a segment of the global economy — with potentially more serious consequences, says Financial Times' Patrick Jenkins.

WHEN Qiming Ventures invested in Mobike, it saw a disruptive force tackling the issue of getting around dense cities in the world's most populous country, observed Helen Wong, the partner who was behind the Chinese venture capital (VC) firm's investment in the Chinese bike-sharing firm.