Markets

WHILE the recent implosion of US investment fund Archegos Capital Management continues to dominate headlines, a number of mega banks around the world have nonetheless reported major improvements to their financial performance this earnings season.

DBS, JPMorgan and Temasek will set up an open industry platform to tackle the age-old pains behind facilitating flows for payments, trade and foreign exchange settlement.

Facebook reports soaring quarterly ad revenue, stock jumps

The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday (Apr 28), nodding to the US economy's growing strength but giving no sign it was ready to reduce its support for the recovery.

A new mass fundraising campaign aims to inspire 50 million people around the world to make small donations to Covax, the international effort to push for equitable global distribution of COVID-19 vaccinations.

Toyota says it will invest US$803 million and add 1,400 new jobs at its Indiana auto manufacturing plant so it can produce two new SUVs there, one of which will be the first Lexus made at the plant.

BENGALURU: India's giant IT firms in Bengaluru and other cities have set up COVID-19 "war-rooms" as they scramble to source oxygen, medicine and hospital beds for infected workers and maintain backroom operations for the world's biggest financial firms. Banks including Goldman Sachs and Standard ...

NEW YORK: Boeing reported another quarterly loss on Wednesday (Apr 28) amid continued weakness in commercial aviation, but said a rebound was within sight with the return of the 737 MAX to service and coronavirus vaccines. The aerospace giant, which has been in crisis mode since March 2019 when ......

China cuts steel import tariffs to push industry to improve

SINGAPORE: Deputy Prime Minister Heng Swee Keat was on Wednesday (Apr 28) conferred the Medal of Honour during the National Trades Union Congress (NTUC) May Day Awards held at Downtown East. The top May Day Award is given to “special individuals who have rendered distinguished services to the ......