Markets

India's severe medical oxygen supply crisis is expected to ease by mid-May, a top industry executive told Reuters, with output rising by 25 per cent and transport infrastructure ready to cope with a surge in demand caused by a dramatic rise in coronavirus cases.

Powered by consumers and fuelled by government aid, the US economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses.

BEIJING: Financial regulators in China summoned 13 Internet companies on Thursday (Apr 29) to call for changes to their fintech operations, the central bank said in a notice, as Beijing ramps up scrutiny on monopolistic practices in the country's tech industry. Regulators have been taking China's ...

PARIS: Airbus flew back into profit in the first three months of the current year as cost-cutting and restructuring measures began to pay off, but it warned that the crisis caused by the COVID-19 pandemic was not yet over. The European aircraft manufacturer said in a statement that it booked...

SINGAPORE: Transport operator SBS Transit has appointed a new chairman to succeed Mr Lim Jit Poh who announced his retirement last month after 18 years at the helm. The new chairman, Mr Bob Tan Beng Hai, will assume the position on Friday (Apr 30). Mr Tan is no stranger to the public...

SINGAPORE: Singapore’s second largest bank OCBC will be reviewing its office space requirements, including the number of bank branches it has, amid changes to working patterns brought about by the pandemic. “COVID-19 has pointed to us that there is a place for hybrid operation for our staff in ......

OCBC will be reviewing its office space requirements and may be cutting down on its number of branches, said chairman Ooi Sang Kuang on Thursday during the bank's annual shareholder meeting that was held virtually.

SINGAPORE is taking big steps to modernise the cross-border payments scene through a string of recent partnerships, in a bid to ease long-standing payment pains.

BANGKOK: Thailand's finance ministry on Thursday (Apr 29) reduced its 2021 economic growth forecast for a second time this year to 2.3 per cent from 2.8 per cent growth, after a third wave of coronavirus infections struck the tourism-reliant nation this month. hailand's latest COVID-19 outbreak ...

KUALA LUMPUR: Malaysia Airlines said on Thursday (Apr 29) it will trial the International Air Transport Association (IATA) Travel Pass, a mobile app that allows passengers to verify their COVID-19 test results and vaccination status. The trial will be conducted on flights out of Kuala Lumpur to ...