Markets

CIMB Bank Singapore is backtracking on its intended mortgage floor rate hike, following pushback from incensed customers who have banded together to challenge the bank’s earlier decision.

Deutsche Bank could face enforcement action by New York regulators investigating its ties to the late U.S. financier and accused sex offender Jeffrey Epstein, two sources familiar with the investigation told Reuters on Wednesday.

French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wednesday.

Fiat Chrysler is piloting a project in its historic Italian home of Turin to allow its hybrid plug-in cars to automatically switch to electric-only mode when entering congested city centres.

Airbus is looking to hold underlying jet output at 40per cent below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.

U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis.

In the new reality of COVID-19, some Americans may still be willing to travel abroad - but they're going to make sure they're insured up to the hilt.

SINGAPORE: Singapore’s factory activity remained in negative territory for the fourth consecutive month in May amid the COVID-19 outbreak, although an uptick in the key gauge may suggest the “resilience” of local manufacturers. Many countries have started to reopen parts of their economies after ...

U.S. industrial conglomerate 3M Co on Wednesday appointed General Electric Co executive Monish Patolawala as the company's chief financial officer, effective July 1.

U.S. private payrolls fell less than expected in May, with employers laying off another 2.76 million workers.