Markets

HONG KONG: Some global companies are considering shifting some of their treasury operations out of Hong Kong as the United States moves to end the city's privileges, senior bankers said, in the latest blow to the territory's status as a major financial hub. US President Donald Trump has begun...

SINGAPORE: More than 5,400 home renovation projects have received approval to resume work, as Singapore moves into its first phase of reopening after the "circuit breaker" period. New applications to resume suspended renovation works will be approved within two days "if the submission is in order" ...

Nomura Holdings Inc is considering having fewer staff work at its Tokyo headquarters permanently now that the coronavirus pandemic has spurred a huge shift to remote working, its chief executive said.

SINGAPORE: United Arab Emirates utility firm Utico said it "remains committed" to a S$400 million rescue deal with Hyflux, a day after authorities in Singapore launched criminal investigations into the troubled water treatment firm and its directors. “Utico remains committed to the restructuring ...

SYDNEY: Australia's economy has fallen into recession, the country's treasurer said on Wednesday (Jun 3), after official data showed gross domestic product fell last quarter as entire business sectors were closed to fight the coronavirus. The AUD$2 trillion (US$1.39 trillion) economy contracted 0 ...

Renault finalised on Wednesday a 5 billion euro (US$5.60 billion) loan from with the French government, strengthening the carmaker's finances in the wake of the coronavirus pandemic which has ravaged the auto industry.

The U.S. government's move to launch a trade investigation into a digital services tax adopted by several countries including India should not be construed as a move of aggression against New Delhi, a senior Indian government source said on Wednesday.

Facebook Inc has signed a global licensing deal with one of India's largest music labels, allowing users to choose from a large catalogue of Bollywood music for their Facebook and Instagram posts, the music company said on Wednesday.

TECH firm Grab on Wednesday launched its numberless virtual card in the Philippines, following the card's <a href="https://www.businesstimes.com.sg/banking-finance/grab-launches-grabpay-c... last December in Singapore</a>.

German airline Lufthansa posted a net loss of 2.1 billion euros (US$2.35 billion) in the first quarter, writing down the value of assets as the coronavirus pandemic hits the travel sector.